When it comes to selling your home, time can often be of the essence. You might be in a rush, or perhaps you have the luxury of time. If you’re deliberating between “how long will it take to sell my house via an agent versus selling to an investor?” then you’ve landed at the right place.
You’re looking for the most efficient and beneficial method to sell your house, and understandably so. Here’s a brief overview of the differences between these two avenues:
Using an Agent:
- When you decide to sell through an agent, you’re essentially hiring them to act on your behalf and find a suitable buyer.
- Your house is sold THROUGH the agent, who links you with the potential buyer.
Selling to an Investor:
- With this method, you’re directly negotiating with the eventual buyer of the house.
- In this scenario, you sell TO the investor directly.
Now, let’s delve into the time dynamics associated with each.
Through an Agent:
An agent’s main role is to present your house to potential buyers and convince them of its value. This means your house must be in top shape, attractive to potential buyers.
- Preparing the house: Depending on the state of your home, it might take weeks or even months to get it market-ready.
- Listing and finding a buyer: After listing, the time it takes to find a buyer can span anywhere from 3-6 months, or even up to a year in some cases.
- Potential hitches: Deals can fall through if a buyer fails to secure financing or simply gets cold feet. This could mean starting the process afresh.
In summary, selling through an agent might stretch over several months, depending on the condition of your home and the efficiency of the agent in securing a committed buyer.
To an Investor:
This is often the lesser-known route but can be astonishingly swift.
- Speedy transactions: Some investors might be ready to buy your home in just 7-10 days.
- No home staging: Investors often buy homes as-is, meaning you don’t have to invest time and money in prepping your house.
So, which route should you pick? If quick selling is your primary concern, then an investor might be the way to go. However, your decision should factor in your unique situation and priorities.