Selling a House to a Real Estate Investor
If you have your house listed for sale, then there is a great chance that you have noticed signs saying that we buy house fast or you have already received several offers from real estate investor. From the past several years, there has been a dramatic change to with the flow of the real estate market and among it is the fact that average sellers and investors are making more interactions than before. But if you are like other sellers, this might be the first time that you deal with investors.
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. Sellers are sure to find a solution that suits their needs with a number of options available.
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 – 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.
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. As much as possible, you have to know how long they’ve been in this industry, have they made successful transactions, what are the feedback they’re getting from past clients and the likes.
You need to figure out these things to be certain that every step you take is right.