Pros of selling your home to a real estate investor
No doubt home owners realize there are a multitude of options if they are considering selling a home. From a traditional listing with a real estate agent to working with a home buying service advertising their eagerness on any number of roadside signs reading, “We Pay Top Cash for Homes!” or contracting with a real estate investor, home owners have many alternatives to sell their residence.
Traditional transactions between buyer and seller have evolved in an ever-changing real estate market. It has become far more common for a typical home seller to be made aware of the option of selling to an investor. Undoubtedly, if you are like most traditional home sellers, working with an investor may be a completely new concept. Therefore, it may be a good idea to understand a few of the pros of selling to an investor?
Cash Offers – In many cases, investors are willing to make full cash offers for a home. Since the tightening of home selling and buying restrictions following the great market correction of 2008, combined with the increasing number of low appraisals, an investor offering cash can be very appealing.
Payment Options – Investors operating as a business instead of as an individual may offer varying payment methods such as cash, guaranteed funds, agreed-upon cash payments, or offer to take over existing mortgage payments. With numerous options available, sellers may find contracting with an investor may be an optimal solution that fulfills their needs.
Selling a Home “As Is” – Typically, investors prefer to purchase a property “as is,” in its current condition without requiring the home owner to make costly repairs. That frees up a seller to avoid upfront, out-of-pocket expenses and complete a transaction far quicker than when working with a contingent buyer bound by demanding lender requirements.
Rapid Closings – Some investors may be able to close transactions within as little as seven days. That may be on the extreme short end of traditional sale transaction times, but can be accomplished because investors are not dependent on lender-approved financing, generous appraisals, or favorable home inspections. The ability to avoid these otherwise required steps vastly expedites the purchasing process.