Faithful Buyers vs. Real Estate Agents
Pros of a Cash Sale
If you’re considering selling your house, you may wonder whether to use a realtor or sell it to a cash buyer. Both options have advantages and disadvantages, and your best choice may depend on your situation and goals. On this page, we’ll compare the main differences between selling a house to a cash buyer vs. a realtor in your city and help you decide which option is right for you. Read on to learn more about each option’s benefits and drawbacks and how to start the selling process. Many homeowners who end up selling to a real estate investor who understands the home selling process, like Faithful Buyers, will enjoy the benefit of fast cash, hassle-free, and avoiding realtor commission fees
| Compare | Real Estate Agent | Sold to Faithful Buyers |
|---|---|---|
| Commissions/Fees | You pay 6% on average | None |
| Who Pays Closing Costs? | You pay 2% on average | None – We pay all costs |
| Inspection & Fin. Contingency * | Yes, up to 15% of sales fall through | None |
| Appraisal Needed | Yes, the sale is often subject to appraisal | None – We make cash offers |
| Average Days Until Sold | +/- 91 Days | Immediate Cash Offer |
| Number of Showings | It depends on the property/location | 1 (Just us) |
| Closing Date | 30-60 +/- Days after accepting offer | Date of your CHOICE |
| Who Pays For Repairs | Negotiated during the inspection period | None – We pay for all repairs |
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* An inspection contingency gives the buyer time to inspect the property and back out or renegotiate the deal if any repairs are needed. If the seller disagrees with the buyer, the buyer can back out of the sale without penalty.
* A financing contingency allows the buyer to back out of the deal if they can’t secure financing or if the property value is not appraised as the bank requires for loan approval.
We don’t use bank financing at Faithful Buyers, so you don’t have to worry about our ability to close a deal. We pay cash for houses, and we can close quickly and hassle-free.
