Selling to us vs. listing with an agent
See how a direct cash sale compares to the traditional route.
| Listing with an agent | Selling to Noble Street Homes | |
|---|---|---|
| Commissions and fees | About 6% on average, paid by you | None |
| Closing costs | About 2% on average, paid by you | None. We pay all costs |
| Inspection and financing 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 time to sell | About 91 days | Offer usually within a day of the walkthrough |
| Number of showings | Depends on the property and location | One (just us) |
| Closing date | About 30 to 60 days after accepting an offer | The date of your choice |
| Who pays for repairs | Negotiated during the inspection period | We do |
* An inspection contingency gives a buyer time to inspect the property and then back out or renegotiate if repairs are needed. A financing contingency lets a buyer back out if they can’t secure a loan, or if the property doesn’t appraise at the value the bank requires.
Noble Street Homes doesn’t use bank financing, so you don’t have to worry about our ability to close.
What industry sources say about cash sales
These are general observations from real estate publications, not reviews of Noble Street Homes.
“Since most investors purchase with all cash, you can sell your property as soon as your two parties agree on the conditions of sale. The average time it takes sellers to close with an all-cash investor is two weeks. If you’re selling to a buyer who needs a mortgage, it’ll take you 60 days’ minimum.”
sold.com
“Quite often investors are willing to pay cash for a home and with the recent tightening of financial restrictions, coupled with the growing number of complaints about low appraisals, having a cash buyer has become even more appealing.”
Forbes.com
“A key benefit of selling your house to a real estate investor is that you save on commission… While commissions that real estate agents charge is negotiable, most areas of the county a 5% to 6% commission to complete the transaction in your house is typical.”
Realty Biz News
“If you have been receiving repossession threats or foreclosure notices from your lender or bank, selling your home to an investment company can be an effective solution.”
Home World Design
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