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. Well, the real estate market has drastically changed for the past few decades and it is now more common for average sellers to encounter investors. On the other hand, this may possibly be the first time that you have talked to an investor.
There is a probability that you are wondering on what you can get and what you may be at risk of when you decide to sell house to a real estate investor.
Let’s talk about the pros first.
Number 1. Flexible payment option – investors might offer you various payment methods like cash, certified funds, pre scheduled cash payments etc. With several available options, sellers can find a solution that fits their needs.
Number 2. Cash offers – oftentimes, real estate investors are willing to pay in cash for homes and with the tightening for financial restrictions recently, partnered with the increasing number of complaints on low appraisals, being able to have a cash buyer becomes more appealing option.
Number 3. Sell house as is – many investors are usually making an offer to buy the house as is. As a seller, it’s all part of your responsibility to make the repairs which can be expensive but talking to an investor basically frees you from it.
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 fairly simple, the sale of the property doesn’t depend on any inspections, waiting for a financing approval, appraised values or whatever that comes with traditional sell of the house.
While it is true that selling house as is to real estate investor is beneficial, it still comes with fair share of disadvantages as you don’t know anything on the person or entity that’s making an offer. There are some investors that you’ll stumble upon which are real estate agent and some are corporations. So to be on the safe side, prior to selling your house to an investor, it will be a great idea that you perform background research on the buyer first. 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.