Sometimes you need to sell your property fast. Sometimes it doesn’t matter. If you find yourself pressed for time and wondering “how long does it take to sell my property with an agent vs an investor?” then this blog post will guide you through the answer…
You want to sell your property, and perhaps you need to sell in a hurry. Chances are, you arrived at this blog post because you’re hoping to find the best solution for you that sells your property as quickly as YOU want.
Before we get to the answer, it’s important to understand the difference between what an agent does and what an investor does:
When you sell with an agent, you are asking the agent to represent you in a sale and to try and find a buyer on your behalf. In other words, you’re selling THROUGH an agent to a buyer.
When you sell your property to an investor, you are actually working directly with the one who will be buying the property. In other words, you’re selling TO an investor (they are the buyer).
Now that you understand the difference, here’s how long it can take…
How Long Does It Take To Sell With An Agent Vs An Investor?
An agent needs to expose your property to prospective buyers and try to convince them to buy. Therefore, they’ll want your property to be in pristine condition, and then they need to find as many prospective buyers as they can to show it to.
Therefore, it can take weeks or months for you to fix up your property before an agent feels that it’s ready to list. And once the agent lists it, it can take months for the agent to find buyers to show your property to, and for one of those buyers to make an offer (on average, it can take 3-6 months… sometimes as long as 12 months for this to happen). And what people don’t realize is: if the buyer can’t get financing or gets cold feet in the deal then they can back out and you go through the process again.
Therefore, it can take months to sell your property through an agent – it all depends on how quickly you can get your property in “showroom condition” and how quickly they can find a buyer and whether the buyer goes through with the purchase.
How Long Does It Take To Sell My Property With An Agent Vs An Investor?
This part surprises most people: an investor can buy your property very fast – some investors can even buy in as little as 7-10 days if that’s what you want. That’s because the investor is the buyer (so no showings are necessary) and many investors (including us here at Dharma Capital, Inc.) buy property in any condition so you don’t have to fix up the property either.
So, should you sell through an agent or sell to an investor? That’s up to you. An investor is faster so if speed is important to you then you may want to think about selling to an investor.