Benefits of Selling Your Home to a Real Estate Investor
Today, many have turned away from working with real estate agents when selling their homes. Over the years, real estate agents have required homeowners to make repairs and renovations before putting their homes on listing. It is rare to find a homeowner who is comfortable enough to match up the conditions. In such a case real estate investments will be the right option for you. Below are advantages of selling your home to a real estate investor.
Investment companies never mind buying the home in its current state. Picture yourself in a situation where you desperately need cash or need to relocate. You will have to sell your home. You will be unable to pay for any repairs on the home. It will be best to go for a buyer who will pay for the home without any alterations. Worry not as real estate investment companies look for outdated homes. This is because they can freely make the changes that suit them.
Investment companies ensure you make a quick sale. In most cases, investors will provide you with a cash offer within 24 hours after. Once you agree with the investor on the terms of the sale, you are free to sell the property. Averagely, it will only take two weeks to close with an investor. If you were to go for a buyer who uses a mortgage, it would take at least two months. With an investor, you will not have to deal with long periods of waiting for mortgage approval. The process will also be quick since no time is wasted on marketing the property.
You stand a lower chance of risk of non-closure due to lack of funds. In most cases, a real estate agent will find you a buyer who will apply for mortgage. Unfortunately, such an option comes with uncertainty. Meanwhile, you cannot entirely depend on a buyer who has been preapproved for a loan as the lender might change their mind on funding the purchase. However, you should protect your interest by asking the investor for proof of funds. You can choose to ask for bank account statements or liquid assets. It would be best to proceed to ensure that the amount is way higher than the cost of your property.
With an investor, you do not have to go through the typical hassle that comes with selling a home. Investors have no problem fixing any legal issues you might be having with the property. Moreover, they will take it upon themselves to do all the research and paperwork. Lastly, there will be no chance of hidden costs.