Get Cash for a House with a Real Estate Investor
There may possibly have been several investors who have contacted you making offers or have seen signs saying that we buy house fast right after the moment you’ve listed your house for sale. 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.
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. Sellers are sure to find a solution that suits their needs with a number of options available.
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 – investors are typically offering 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 many investors who care capable of closing a deal in as fast as 7 days. You might think that this isn’t impossible. The reason for this is that the sale of property isn’t dependent on approved financing, home inspections, appraised values and the likes; rather it bypassed all these steps and proceed with the sale immediately.
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. Some investors are actually corporations but some are private individuals who happen to be a real estate agent as well. 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.
Learning about these things are the only way that you can ensure you’re doing things right.