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. The real estate market has drastically changed for the past several years and now, it is all more common for average sellers to talk to investors. But if you are like other sellers, this might be the first time that you deal with investors.
There is a probability that you are wondering on what you can get and what you may be at risk of when you decide to sell house to a real estate investor.
Let’s talk about the pros first.
Number 1. Flexible payment option – investors might offer you various payment methods like cash, certified funds, pre scheduled cash payments etc. 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 – it has now become a more appealing option to talk to real estate investors because they are willing oftentimes to pay the house in cash given the fact that today, there are stricter regulations for applying on financial assistance.
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 – whether you believe it or not, investors can help you get a deal in as fast as 1 week. You may be thinking that this one is impossible but it is. 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 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. Some investors are actually corporations but some are private individuals who happen to be a real estate agent as well. 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.