Selling To Reborn Residential vs Listing With A Local Agent
- Compare
- Selling w/ an Agent
- Selling to Reborn
- Commissions / Fees:
- 6% on average is paid by you, the seller
- None
- Who Pays Closing Costs?:
- 2% on average is paid by you, the seller
- None – We pay all costs
- Who Pays For Repairs?:
- Negotiated During Inspection Period
- None – We pay for all repairs
- Inspection & Financing Contingency:
- Yes, sales can fall through
- None
- Appraisal Needed:
- Yes, the sale is often subject to appraisal
- None – We make cash offers
- Average Days Until Sold:
- 60 to 90 days
- Cash in as little as 10 days
- Number of Showings:
- It Depends
- 1 (Just Us)
- Closing Date:
- 30 to 45 days after accepting offer
- The Date of Your Choice
- Compare
Selling w/ an Agent
Selling to Reborn
- Commissions / Fees:
- 6% on average is paid by you, the seller
- None
- Who Pays Closing Costs?:
- 2% on average is paid by you, the seller
- None – We pay all costs
- Who Pays For Repairs?:
- Negotiated During Inspection Period
- None – We pay for all repairs
- Inspection & Financing Contingency:
- Yes, sales can fall through
- None
- Appraisal Needed:
- Yes, the sale is often subject to appraisal
- None – We make cash offers
- Average Days Until Sold:
- 60 to 90 days
- Cash in as little as 10 days
- Number of Showings:
- It Depends
- 1 (Just Us)
- Closing Date:
- 30 to 45 days after accepting offer
- The Date of Your Choice
Commissions
- Selling for cash:
No commissions paid, as you’re dealing directly with the buyer
- Listing with an agent:
Typically 6% of the sale price, split between the seller’s and buyer’s agents
Closing Costs
- Selling for cash:
Often lower, as fewer fees are associated with cash transactions
- Listing with an agent:
Higher, as various fees and costs may be incurred during the traditional selling process
Cost of Repairs
- Selling for cash:
Cash buyers usually purchase “as-is,” so no repairs needed
- Listing with an agent:
Repairs may be required to make the property more appealing or to meet buyer demands after inspections
Inspection Contingencies
- Selling for cash:
Typically waived, as cash buyers often forego inspections
- Listing with an agent:
Inspection contingencies are common and can lead to further negotiations or repair requests
Financing Contingencies
- Selling for cash:
None, as the buyer has the cash on hand to purchase the property
- Listing with an agent:
Buyers may need financing approval, which could lead to deal delays or cancellations if denied
Appraisal Contingencies
- Selling for cash:
Often waived, as cash buyers don’t rely on lender-required appraisals
- Listing with an agent:
Appraisals are required for financed offers, potentially affecting the agreed-upon price if the property is appraised lower
Average Days Required to Sell the House
- Selling for cash:
Faster, often within days or weeks, as the process is streamlined without financing hurdles
- Listing with an agent:
Longer, as the property must be marketed, shown, and negotiated, with potential delays due to financing
Number of Showings
- Selling for cash:
Minimal or even just one showing, as cash buyers often decide quickly
- Listing with an agent:
Numerous showings to various potential buyers, which can be time-consuming and inconvenient
Days to Closing
- Selling for cash:
Shorter timeframe, often within a few weeks, due to fewer contingencies and requirements
- Listing with an agent:
Longer, as the process involves inspections, appraisals, and financing approval, which can take several weeks or months
Commissions
- Selling for cash: No commissions paid, as you're dealing directly with the buyer
- Listing with an agent: Typically 6% of the sale price, split between the seller's and buyer's agents
Closing Costs
- Selling for cash: Often lower, as fewer fees are associated with cash transactions
- Listing with an agent: Higher, as various fees and costs may be incurred during the traditional selling process
Cost of Repairs
- Selling for cash: Cash buyers usually purchase “as-is,” so no repairs needed
- Listing with an agent: Repairs may be required to make the property more appealing or to meet buyer demands after inspections
Inspection Contingencies
- Selling for cash: Typically waived, as cash buyers often forego inspections
- Listing with an agent: Inspection contingencies are common and can lead to further negotiations or repair requests
Financing Contingencies
- Selling for cash: None, as the buyer has the cash on hand to purchase the property
- Listing with an agent: Buyers may need financing approval, which could lead to deal delays or cancellations if denied
Appraisal Contingencies
- Selling for cash: Often waived, as cash buyers don’t rely on lender-required appraisals
- Listing with an agent: Appraisals are required for financed offers, potentially affecting the agreed-upon price if the property is appraised lower
Average Days Required to Sell the House
- Selling for cash: Faster, often within days or weeks, as the process is streamlined without financing hurdles
- Listing with an agent: Longer, as the property must be marketed, shown, and negotiated, with potential delays due to financing
Number of Showings
- Selling for cash: Minimal or even just one showing, as cash buyers often decide quickly
- Listing with an agent: Numerous showings to various potential buyers, which can be time-consuming and inconvenient
Days to Closing
- Selling for cash: Shorter timeframe, often within a few weeks, due to fewer contingencies and requirements
- Listing with an agent: Longer, as the process involves inspections, appraisals, and financing approval, which can take several weeks or months
In conclusion, selling a house for cash offers a faster, more streamlined process with fewer costs and contingencies, whereas listing a house with an agent can provide more exposure and potentially a higher sale price but comes with additional fees, contingencies, and a longer selling process.