Get Cash for a House with a Real Estate Investor
If you got a house that’s listed for sale, then odds are you have either noticed plenty of signs saying we buy house fast or perhaps, you have received offers to buy your house from a 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.
So what basically are the benefits and drawbacks of selling house as is to a real estate investor.
Let us focus first on the advantages.
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. 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 – typically, investors offer to buy the house as is. As a home seller, this lets you to steer clear of expensive repairs that normally are considered your responsibility.
Number 4. Fast deals – whether you believe it or not, investors can help you get a deal in as fast as 1 week. For sure, you have doubts on how this one becomes possible. 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.
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. 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 need to figure out these things to be certain that every step you take is right.