If you’re wondering how long it takes to sell a Lakeland house with an agent versus selling your house to an investor and are looking for the best possible solution, then this blog is for you.
Before we get into this blog, it’s important to understand the main differences between working with an agent and selling to an investor.
How long does it take to sell a Lakeland house with an agent?
The agents’ primary role is to find a ready, willing and able buyer for your house that will meet your price and terms. In order for agents to accomplish that. They will insist that you follow certain steps. These steps include:
- Cleaning and fixing your home before it’s put on the market
- Decluttering and staging your house
- Listing your house on the MLS
- Opening your house for buyer’s showing, realtor caravans and open houses
- Entertaining offers and making counter offers
- Making your house available for a bank appraisal and home inspections
- Waiting for a buyer’s mortgage approval
Of course times can vary, but you will usually need several weeks to prepare your home for the market (clean, fix, declutter, stage). Your agent will then list your home on the MLS and start marketing your property.
Your agent will then have to show your property and convince a buyer to make an offer. Depending on the market conditions, this could take 3 to 6 months.
Once your agent has found a buyer, and you have reached a contract agreement, the waiting begins!
You will need to wait for an appraisal inspection, home inspections, municipal inspections and, most importantly, for the buyer’s mortgage approval. This stage can take from 45 to 60 days if everything goes smoothly, and the buyer does not get cold feet or is turned down for the mortgage.
Then and only then will you be ready to close on your house. To sum things up, even under the best of circumstances, selling a house with a real estate agent can take a long time.
How long does it take to sell a Lakeland house to an investor?
You may be surprised to learn that you can sell your house to an investor very fast. In fact, most investors can close on your house in as fast as 7 days.
Investors can close quickly because they offer cash for your home. By selling your house to a cash buyer, you avoid all the headaches of selling your house the traditional way with an agent.
You will sidestep the need to fix and stage your house, sign a long listing contract, show your house to countless buyers, deal with inspections, worry about your buyer’s mortgage approval and pay costly real estate commissions.
If selling your house quickly is important to you, then selling your house to an investor is the best option.