Selling to us v/s Local real estate agent
Advantage Selling to Us
| Selling w/ an agent | Sold to Jubilee Investors | |
|---|---|---|
| Commissions/Fees | 6% on average is paid by you | None |
| Who Pays Closing Costs? | 2% on average is paid by you | None – We pay all costs |
| Inspection & Fin. Contingency * | Yes, up to 15% of sales fall through | None |
| Appraisal Needed | Yes, sale is often subject to appraisal | None – We make cash offers |
| Cash Up Front to Seller | None | Cash up front for immediate needs |
| Number of Showings | Depends on property/location | 1-2 (Just us/partner) |
| Closing Date | Lengthy, & depends on loan approval, bank stipulations, etc. | Quicker (often 30 days in NY) due to our all cash offers |
| Who Pays For Repairs | Negotiated during inspection period | None – We pay for all repairs |
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* With the help of an inspection contingency, the buyer gets the required time for inspecting the property and can back out or renegotiate the deal if there are any repairs that need to be done. If the seller doesn’t agree with the buyer, the buyer has the legal right to back out of the sale.
* A financing contingency enables a buyer to back out of the deal in case she/he fails to secure financing for the deal or the appraisal of the property value, as required by the bank for funding, comes in below agreed on purchase price.
Here at Jubilee Investors we don’t use bank financing so you don’t have to worry about our ability to close on a deal.