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. On the other hand, this may possibly be the first time that you have talked to an investor.
So what basically are the benefits and drawbacks of selling house as is to a real estate investor.
Well, let’s discuss first on the benefits of this approach.
Number 1. Flexible payment option – investors may be offering several payment methods similar to cash, certified funds, pre scheduled cash payments or even take over the existing mortgage. Given the fact that sellers are provided with plenty of options, it is sure that they can find what is perfect for their situation.
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 so many investors who can close a deal in just a week. You may be thinking that this one is impossible but it is. The sale of property is not depending on the approved financing, home inspections, appraised values and so forth; what is done is that it is bypassing all these steps and instead, proceeding with the sale.
While it seems to be really beneficial to sell house as is to a real estate investor, this means that the seller know nothing on the entity/person that offers to buy your house. There are some investors that you’ll stumble upon which are real estate agent and some are corporations. 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 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.
You have to learn about these things to ensure that you are making the right decision in every step you take.