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The following article was published in our article directory on January 18, 2016.
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Real Estate Investor Vs Realtors: A 5 Step Guide to Choose Your Best Option

Article Category: Real Estate

Author Name: Frank R Martinez, Sr

Step 1: Determine How Fast You Need To Sell Your House

If you find yourself in a situation where you need to Sell Your House Fast, a Real Estate Investor can buy homes for Cash faster than in a standard sale for many reasons:

• The Investors is the direct buyer working with you - there are no Agents involved in the transaction. There is no middle man in the deal, minimizing the delays in the interaction between the buyer and the seller.
• Real Estate Investors have their own funds to close quickly - Most investors acquire houses with their own Cash. They usually don't need approval from a bank for their purchases.

Most homeowners understand the traditional home purchasing process.
• A Real Estate Agent finds a home for a buyer.
• Then the first set of negotiations begin where the buyer will try to get the house for the cheapest price on the market, and this could actually take weeks.
• Next, an appraisal is done, and the buyer gets approved for financing.
• And after that buyer enters the last negotiations with the sellers in trying to lower still the sale price before he decides to close the deal.
• Currently, do to the new 2015 Mortgage industry regulations, the entire loan process will take from 30 - 45 days, and can be both difficult and stressful for the entire family.

Step 2: You Need to Determine if your House is in Need of Repairs

Real Estate Investors will buy your house in any conditions. They focus on buying houses in "as-is", understanding that there could also be a possibility the house might have some major issues beyond repairs and remodeling, such as problems with the property Title, Taxes that are due to the local or federal government, and/or mechanics liens from vendors for work previously performed in the house.

So, have you gone through the entire house and have taken a good look at the condition the house is in?
• The first thing to know, is due to the way mortgage guidelines are federally written the house most be structurally sound and in good condition or the banks can't provide the buyer with a loan.
• Then, there's the second consideration - is the house is not in a nice condition inside? And outside, putting it in Realtors terms, does not have curb appeal? If not, Realtors will ask you first to get it pretty before it's listed, because they don't want to waste their time just showing the property if it's not going to sell quickly!

Step 3. You Need to Check the 4 Major Areas of the House;

• The condition of your kitchen countertops and your appliances, this is an area that the female buyer will want to have been nice.
• The bathrooms have they been remodeled within the last 10 years? Are they in good and modern conditions?
• Are the floors in good conditions? Or do you have the old 12 inch tiles in the living room entrance of the house?
• What about the roof? Can the buyers see it's leaking and showing water marks in the ceiling? Repairs to a roof can run a minimum of $5,000 depending on the size of it and if it's tile or shingles, but to replace a roof you're looking at around $20,000 and more!
• Last, does the house has curb appeal? Is the front part of the yard and trees in nice condition or is the grass brown and the trees and bushes dying and the drive way is cracking or in need of paving?

Step 4: Know the Entire Costs Associated with Selling Your House with a Realtor

• Realtor's Commissions - A Real Estate Agent's earn a commission when they have brought you a buyer with an offer to purchase the house. The average real estate commission consists of a 6 %, giving 3 % to the buyer's agent, and 3 % going to your agent.
• Closing Costs – beyond the commission you will pay all the Realtor involved in the transaction, you'll also have another closing expenses in the realty transaction. Closing costs normally total up to 2 % of the list prices of your house for local taxes and other related closing services.
• Soft costs - During the time that your home is listed for an average of 3 to 6 months waiting to get your price to sell, you'll have to continue to make your monthly mortgage payments, utilities, and taxes. The longer it takes your house to sell, the more it will cost you at the end.
• Negotiations give away or else – In most if not all traditional Realty sales there will be the final closing negotiations, where the buyer and his Realtor will ask for the seller to pay for some of the buyers closing cost that could also be an additional 1 to 2% of the sales price. Plus allowances for items such as a floor replacement, new refrigerator, and stove, or an air condition system... or else the closing is delayed longer or canceled.

Step 5: Know What Costs are Included When Selling to a Real Estate Investor?

Real Estate Investors all have different criteria for the type of houses they want to buy. Some buy houses to keep in their portfolio to rent while others buy to repair and sell at a later date.

Therefore, in all cases, Real Estate Investors will purchase houses fast for Cash within 7 to 10 days, bellow market price because they will incur carrying cost while they hold the house, plus their repair cost and eventually the sales cost with the ultimate buyer. In the other hand, you won't have to pay any commissions and depending on who the seller is using, most Investor will also pay for a portion or most of the sellers closing costs.

Going forward, there will always be a need for the Realtor as well as the Real Estate investor when I come to selling a house. Remember to do your homework first, and this guide should help prepare you for making the best decision for you.

There are many other issues to should be consider when selling a house fast. You can find more complete information with MoneyOne RE Investments, LLC a Real Estate Investment and Financial Company in Miami, Florida. Contact Frank R Martinez at: www.MoneyOneBUYShouses.com, or by calling (305) 533-5500.

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