When people need to vacate their homes immediately, they look for an investor to sell their properties. If this sounds like you, these are our suggestions to help guide you.
Consider these pros and cons if you’re considering selling to an investor.
The home can be sold “as-is.”
If you live in Texas and you get a job in Orlando, you must prepare the home you live in for the market. You’ll need to take repairs into consideration, what colors to paint the rooms, get the dishwasher replaced, have the cabinets refinished, and other things to get the highest possible selling price. If you use an investor instead, you’ll get the home sold within weeks and be out of the house quickly and easily. This is convenience at its best.
Payment options suitable for you
There are several ways to receive the income generated from the sale of your property via an investor. Pre-scheduled cash payments or mortgage payment assumptions are able to be arranged. We can pay cash upon closing of the sale.
The most important reason to sell a home to an investor is to get it sold fast. There are several scenarios, like falling behind on mortgage payments, when a vacated home on the market costs the seller money. Our investors can get your home sold within seven days, allowing you to move onto the next stage of your life without a hassle.
Disadvantages of Selling a Home to A Real Estate Investor:
There are shady individuals in this industry, and it can be troublesome to locate a reputable one. There is minimal regulation: a license isn’t required to become a real estate investor, nor is any formal training involved. When you’re negotiating with an investor, conduct due diligence on the Internet to see if there are any red flags or warning signs. Read up on an investor’s BBB profile and see what people are saying about them. If you can’t find any details online, trust your gut. Alternatively, an investor can sell your home fast, and might even give you financial help or suggestions. Others may keep you waiting until the last-minute before backing out, leaving you vulnerable. If you’re working with a small-time investor with a vague reputation, you’re taking a big risk. It would be prudent to take into consideration the reputation of an investor so you can take comfort in knowing that the deal will close successfully.
To weed out unprofessional investors, carefully assess the longevity and reputation of the organization you’re considering selling your property to. Seek out companies who have had success finding both bad and good markets with positive feedback. We are one of those companies.
Selling under market value
If you sell your home to an investor, you will get below market value for it. If you can sell your home fast and easily, you won’t get the full value of your property. With that said, if you take into account the amount of time saved, the realtor expenses you don’t have to pay, and repairs you don’t have to cover, you might end up saving time and money by selling your home to an investor. Before making a life-changing decision like selling your home, you do your homework and consult with others with experience for advice.