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. But if you are like other sellers, this might be the first time that you deal with investors.
So what basically are the benefits and drawbacks of selling house as is to a real estate investor.
Let’s talk about the pros first.
Number 1. Flexible payment option – one advantage of talking to investors is the fact that they do offer a number of payment methods to sellers from cash, certified funds, pre scheduled cash payments. With several available options, sellers can find a solution that fits their needs.
Number 2. Cash offers – it has now become a more appealing option to talk to real estate investors because they are willing oftentimes to pay the house in cash given the fact that today, there are stricter regulations for applying on financial assistance.
Number 3. Sell house as is – typically, investors offer to buy the house as is. This lets you avoid doing expensive repairs that are part of your responsibility as a seller.
Number 4. Fast deals – there are so many investors who can close a deal in just a week. You might think that this isn’t impossible. 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.
The fact that you don’t know anything about the person or company that is making you an offer is what made the transaction to be a bit shady and thus, caution has to be applied. Some investors are actually corporations but some are private individuals who happen to be a real estate agent as well. 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 have to know relevant information about them from the years they’ve been in the business, feedback of clients, their rate of successful transactions and so forth.
You need to figure out these things to be certain that every step you take is right.