Realtor vs. Cash Buyer

 
Listing With a Daunno Probate Agent vs. Selling to Our Investors
Even in a seller’s market like NJ, it’s smart to look at your options and see what will actually help you best reach your goals with the probate sale of your inherited house. While you may be able to get a higher sales price listing with a Daunno Realty Probate agent, that doesn’t always boil down to more money in your pocket or less headache.

Our process is very straightforward and we aim to steer you in the right direction when making a decision. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable homes sold in the area. Often times, we use the combination of all these things to help guide you to the best decision. (Ex: If the home is dated and needs quite a few repairs, we would suggest bringing in a cash buyer or investor. If the home is in good or great shape, we say list with one of Daunno’s Probate Agents and try to get the most money possible for the home.)

Dive into the details below to compare your options.  Our goal with this site is to help our clients make the best decisions possible for them and their families.


  Selling with a Daunno Agent Selling to Our Investors
Purchase Price Get 100% of Market Value. More money in your pocket! Need to make a profit, but still give competitive offers.
Commissions / Fees 5% on average is paid by you, the seller NONE
Who Pays Closing Costs? 2% on average is paid by you, the seller Negotiated – Investors may pay closing costs.
Inspection & Financing Contingency Yes, most buyers require a full home inspection Investors require Tank Scan and Flood Height Certification
Appraisal Needed Yes, sale is often subject to appraisal NONE – Our investors offer cash.
Average Days Until Sold +/- 60 Days IMMEDIATE CASH OFFER
Number of Showings Variable (1) should you accept the offer
Closing Date 30-60 +/- days after accepting buyers offer Closings in as fast as 10 days.
Who Pays For Repairs? Negotiated During Inspection Period NONE – Most sales assumed “as is” sale.

 

Work The Numbers And See Which Way Helps You Get There…

 
When you really work the numbers you start to see the real benefits that each way of selling your inherited home offers. Obviously, cash buyers won’t be able to offer you full retail value for your home, but they also offer other benefits that going the traditional house sale route can’t offer.

It is not uncommon to sell a house out of probate in order to pay taxes, bills or just to get the cash.  Sure, everyone would like to own another house to live in or rent it out for the extra income, but that is not always possible. 

Here are a few reasons why it might be better to sell the house and get quick cash:
    Proximity
Live hours from your inherited home? This is a problem because you’ll need to make frequent trips in order to secure and maintain it.

    Taxes, Insurance, and Utilities
Once you own the house, and even if there is no mortgage, you will still be on the hook for property taxes, home owners insurance, and utilities.

    Maintenance
You will be required to keep the house in a condition that is similar to the other homes in the neighborhood. If you neglect to cut the grass, trim the shrubs or remove snow from the driveway and walkways you could be fined by the town.

    Liability of the Estate
If someone, a child maybe, were to get hurt on your property because he slipped on some ice, you will be held liable and could get sued.

Assuming you don’t want the headaches of being a landlord, or even the many headaches that come with hiring a management company, your best option may be to sell the house and get whatever equity is left, out. One of the quickest and most painless ways to sell an inherited or probated house is to an investor. Here are 3 great reasons why...
  1


Quick Closing
Often times an investor can close in as little as 2 weeks compared to, on average, 3-6 months if listed with one of Daunno Realty’s Probate Agents.

  2


Cash Offer
The reason an investor can close quickly is because their offers will be Cash Offers. You will not have to worry about banks holding up the transaction because of financing issues.

  3


AS-IS Sale
This means no cleanup for you. Many times, our cash buyers will not only take the home in as is condition, but they will also assume the responsibility of getting rid of anything the family doesn’t want inside.

Unfortunately, as we have noted above, these cash buyers will NOT PAY FULL PRICE for your inherited home. If your goal is to get the most money possible for your inherited home, we then suggest working with a Daunno Realty Probate agent.

Daunno Realty is a full service real estate agency with agents trained to help coordinate the sale of your inherited home. As we mention throughout the site, these agents can help you price and sell the home, connect you with estate liquidation and trash removal companies, help you find contractors for repairs, and introduce you to financial planners to make the best decisions possible with you money.

Daunno Realty’s listing package features a high tech approach to sales and advertising that will include your home being professionally photographed and included on over 90 real estate related web sites.

With our Full Service Listings, we offer the following services:

  • Comparative Market Analysis including price recommendation
  • Professional Photography
  • Full Color Brochure
  • Virtual Floor Plans and Tours
  • Inclusion on the local Multiple Listing Service
  • Targeted and Sponsored Social Media Ads including Facebook
  • Inclusion on Realtor.com
  • Inclusion in the IDX program
  • Sign on Lawn
  • Supra Lock Box on Home
  • Realtor Present for Open Houses
  • Advertising for all Open Houses in the Star Ledger or Local Paper
  • Periodic Listing Updates
  • Internet Listing Analytics
  • Offer Evaluation and Negotiation
  • C.O., Fire, and Home Inspections Handled
To discuss a potential Listing or Sale further, please contact us today!