Selling Your House to a Real Estate Investor
Selling your home to an investor can be a good decision if you need your house sold as soon as possible (usually 30 days or under), you want to avoid doing repairs or maintenance, and you’re fine selling for less in exchange for ease and speed.
How It Goes
First thing to do is find an investor. Most cities do have real estate companies or even individual investors who buy houses for cash. They will evaluate your house, determine its value, and make an offer according to their buying criteria. Then you will study the offer before deciding whether or not it works for you. If it’s a go for both sides, the investor will use a title company for all necessary documentation and close on the sale. You’ll be paid in cash quite fast!You’ll get your cash payment rather quickly!You’ll receive your cash pretty fast!
Speed of Transaction
In most cases, real estate investors can make an offer and pay in cash in as short as a week after acceptance.
Reasons to Sell to an Investor
Selling to an investor means you will be able to sell fast and get your cash payment in as short as 7 to 30 days. You need not pay any fees or commissions, and often, the investor will take care of all closing costs. Your property will also be purchased”as-is,” meaning there’s no need to repair or clean up anything, or even take out your belongings from the house.
Is This Good for You?Is This Suitable for You?Is This Wise for You?
If you are good with selling at a cheaper price (there are almost or totally zero costs for you anyway), you need to sell very fast (within days or weeks as opposed to months), or you just want none of the hassles of repairs or cleanups, then this is will likely work for you.
As mentioned earlier, real estate investors will pay you a cheaper price for your home. However, this is only reasonable because they will spend for all the costs of the sale – which you would otherwise pay for in a traditional transaction – even including repairs and renovation. That said, keep in mind that there are quite a number of rogue investors out there who may take advantage of sellers. Thus, you should do a bit of homework prior to taking an offer.
Research the prices of recently sold homes in your area. Be sure to keep these figures in mind when the investor makes a visit. This can give you an extra edge during negotiations!This will give you a little more negotiating control!This should give you a little more negotiating advantage! Watch out for tricksters who might try to convince you to sell for less than necessary. No industry is invulnerable.