Many people read our website and wonder if it truly is that simple to get a fast cash offer on their home. Considering this is probably your first experience with a real estate investor, we understand your apprehension. That’s why we’ve compiled a list for you of the pros and cons of selling house to investor.
Pros of Selling House to Investor
There are many great reasons to consider when selling your house to an investor. These are the things you want to remind yourself when you ask, “Should I sell my house to an investor?”
Flexible Payment Options
The options available to you when you sell home to investor are extensive. You’ll be able to receive payment through cash, certified funds or even the assumption of your mortgage payments. Many investors opt to pay cash in full at closing.
In addition to this, when you are selling house to investor, you can get help with some other services such as cleaning the house, clearing the title and other costs that would’ve cost you money.
Selling “As Is”
When you want to sell home to investor, remember that they are going to purchase your home “as is.” As a seller, this means you don’t have to invest any more money in repairs which would’ve otherwise been your responsibility.
If you can’t afford to stage your home or pay for repairs, it might be time to think of selling house to investor.
Fast Closings
Investors like to close quickly on the homes they purchase. Typically, you can expect results in as quick as a week. This is because they aren’t waiting for financing to come through or any home inspections to take place.
Skipping these steps dramatically decreases the dreaded waiting time when you sell home to investor.
No Need to Move Prior to Sale
When you work with a realtor, you generally have to move out before it sells. That’s because they want the home to be ready for showings at all times. Then, you wait months for a buyer to come along. When working with an investor to sell your home, you don’t have to move out. Even if something would happen that you need a little more time, you can normally negotiate a lease-back agreement.
Cons of Selling House to Investor
We aren’t going to sugar coat the entire process; there are some downsides to selling your house to an investor. When you are thinking to yourself, “I need to find an investor to buy my house. “ keep these aspects in mind.
Below Market Value
Investors know that there are advantages to them giving cash and they also know that there is a risk of purchasing your property. Because you want to sell quickly, you will receive a below market value offer for this quick sale.
There are a few things to keep in mind regarding this lower offer you’ll receive. First, the investor needs to be able to make a profit on it down the road or they can’t offer this service to you. Second, they will be paying the repairs, closing costs, back taxes and holding costs out of their own pocket.
Scam Artists
In every industry, you’ll have your scam artists looking to take advantage of unsuspecting clients. Start by researching your investor online and see what information you can find. Look them up on the Better Business Bureau to see if there are any complaints.
No License Needed
When you work with an investor, there are no licenses needed to ensure they are qualified for this line of work. This goes back to you knowing nothing about who they are or what they stand for. It is important that you ask for experience or any credentials they might have. In addition, you could ask for past references of happy clients. Any reputable company will be happy to give you whatever you need to feel comfortable before making a transaction.
Next Steps
If you are still asking yourself, “Can I find an investor to buy my house?” The answer is YES! If you live in the Baltimore, Maryland or Washington, D.C. area, we are here to help you. We are personally involved in every transaction and care about our hometown. We’ve made the process simple and easy, plus we have an A+ rating with the Better Business Bureau. We aren’t here to make a quick buck but truly care about your situation.
So the next time you are thinking, “Should I sell my house to an investor?” you will know to call Integrity Homebuyers! Selling your house to an investor can be a very easy process. Let us help you through the process; get your fair cash offer from us today.
We Buy Houses in Maryland and Washington DC
