When you drive around Pittsburgh, you may have noticed signs that read, “We buy houses in Pittsburgh for cash.” Have you ever wondered how much they will pay for your home? Most homeowners in Pittsburgh are gradually moving away from traditional home-selling methods. Instead, they are exploring other options like cash home buyers in Pittsburgh to gain more profit and get rid of the complex process. Is it worth selling your home to a real estate investor? Here are the advantages and disadvantages of selling your home to an investor in Pittsburgh.
After you prepare your home for sale, you will need to list it through an agent or on your own. On average, a property is listed for around 60 to 90 days on the Pittsburgh real estate market. If you need immediate cash, a traditional sale is not a viable option. However, a cash home buyer in Pittsburgh can buy your property within a week. It’s the fastest way to sell your home in Pittsburgh.
No Repairs Required
Cash home buyers in Pittsburgh will buy your home as-is. The traditional method will require you to spend money on repairs, painting, and restorations. Why go through all hassle, time, and money? Sell your house to an investor and close within seven days.
The investor visits your property and checks the condition to present you with a perfect cash offer. The price is determined based on current market condition, location of your property, and value of neighborhood homes. Since it’s a no-obligation offer, you don’t need to accept it if you’re not satisfied. You can explore other options and make the right choice for your home.
No Commission and Closing Fee
Working with an agent is not cheap. On average, agents charge you up to 6% of the sale price as a commission. This cost can reduce your profit significantly. But if you choose to sell your home directly to an investor, you don’t need to pay a commission. Plus, they will pay your closing fee.
Disadvantages of Working with Cash Home Buyers in Pittsburgh
The only disadvantage of working with an investor is that the cash price will be 1% or 2% lower than the market value. However, you still stand to gain a lot of money when you eliminate the expenses of repairs and renovations. You also avoid the hassle of going through the complex paperwork and a long waiting period.