Selling a House to a Real Estate Investor
If you got a house that’s listed for sale, then odds are you have either noticed plenty of signs saying we buy house fast or perhaps, you have received offers to buy your house from a real estate investor. The real estate market has drastically changed for the past several years and now, it is all more common for average sellers to talk to investors. If you’re like many other sellers, this could be the first time that you’ve dealt with investors.
You are puzzled for sure on the drawbacks and the benefits you can get by selling your house to a real estate investor.
Let’s talk about the pros first.
Number 1. Flexible payment option – investors may be offering several payment methods similar to cash, certified funds, pre scheduled cash payments or even take over the existing mortgage. Sellers are sure to find a solution that suits their needs with a number of options available.
Number 2. Cash offers – real estate investors pay cash for homes most of the time and with the tightening for financial restriction in today’s time together with the increased number of complaints on low appraisals, having a cash buyer has become a more appealing option.
Number 3. Sell house as is – investors are typically offering to buy the house as is. As a home seller, this lets you to steer clear of expensive repairs that normally are considered your responsibility.
Number 4. Fast deals – whether you believe it or not, investors can help you get a deal in as fast as 1 week. You may be thinking that this one is impossible but it is. The reason for this is that the sale of property isn’t dependent on approved financing, home inspections, appraised values and the likes; rather it bypassed all these steps and proceed with the sale immediately.
While it seems to be really beneficial to sell house as is to a real estate investor, this means that the seller know nothing on the entity/person that offers to buy your house. There are some investors that you’ll stumble upon which are real estate agent and some are corporations. To ensure that you are making legitimate transactions when selling to an investor, it is a good idea to carry out background research on the buyer. You may want to learn more about how long they have been in the business, successful transactions they have made, about their client’s feedback and so on.
You need to figure out these things to be certain that every step you take is right.