If you need to sell your home, you might be looking at all the different avenues you could take. With that research comes the question – should I sell my house to an investor? Many people before you have wondered the exact same thing, so let’s dig deeper.
Reputation
We cannot stress enough how important it is to check a company’s reputation before you sell your house to them. Let’s face it; there are a lot of people out there looking to scam others. You don’t want to believe it, but you need to.
Before you go into business with anyone; real estate investor or agent, you must check their reputation. It’s the only way to ensure that the agreements you are entering into are legitimate business transactions. When you look at Integrity Homebuyers reputation, all you are going to see is rave reviews and accolades for our quick, friendly service. That’s because we care about our customers.
Once that’s over, you might still be wondering – should I sell my house to an investor? Let’s review some of the positives and negatives of your options.
Pros of Selling Your Home to an Investor
-
Quick Sale
When you sell your property to an investor, you should receive an offer within 24 hours. There’s no waiting time involved hoping that your house will sell. Just contact the company, have them see your home and they’ll make you an offer. This is far better than sitting around hoping someone wants to see your home, put an offer in for your home and then receive financing. That process often takes months.
-
Avoid Foreclosure
If you’ve been receiving notices of foreclosure, you might be worried about losing your home. In this situation, your only real option is to sell to an investor. Not only with they pay cash for the house, but they purchase it as is. Sometimes an investor is able to take your mortgage over and rent you the property if you desire to stay in your house. This solution stops the foreclosure and protects your credit score. It also keeps your family from being without a home. Consider this your best option if you need to sell quickly or no longer have the money to get current on your mortgage payments. This option helps many homeowners to make ends meet in a bind. We understand that it isn’t the ideal situation to be in but selling to an investor makes your circumstances a little better.
-
Investors Offer Cash
Real estate investors have the resources to pay you cash on your property. They don’t need to wait for financing to come through. If you accept their offer for your home, you’ll receive full payment at closing. All you have to do is sign on the dotted line and let them have your house. There are no more waiting months for a potential buyer to secure bank financing. You also won’t have to worry about them backing out at the last minute if they’ve changed their mind. Anyone that is financially struggling has large expenses to take care of or needs the money to move, knows how vital receiving the cash is.
-
No Commissions
When you sell to an investor, you don’t have to pay large commission checks like you would sign off to your real estate agent. There is no fee for the services of an investor. That’s because the offer that is made for your home is what you’ll receive on the closing date. There are no hidden fees in that number. On top of that, the entire process happens so quickly; it won’t be long from the time the offer is made until you are sitting with a check in your hands. When you work with the traditional agent, your home might sit on the market for weeks or months on end. You might be tempted at this point to sell your home by yourself, but that avenue brings with its own share of issues. If you need cash right now, you can’t pay your bills or you are facing foreclosure, you don’t want to wait to sell your home.
-
Sell Your House “As-Is”
One of the most significant benefits when you are wondering – should I sell my house to an investor – is that you can sell your property just the way it is. Even if your roof is crashing in, your foundation isn’t stable, or you have a list of major repairs to be done, you can sell your home. With repairs, a traditional agent will ask you to finance the repairs before selling. Aside from that, selling to an investor means you don’t need to worry about inspections before the sale. If you have credit issues, liens or other legal matters, you won’t have to worry about clearing most of that up before you sell to an investor. As-is means what it says; they buy the property just the way it is. This is great for anyone that doesn’t want to work on the house anymore, no longer has the time or just ran out of financial funding to finish the repairs. While working with a real estate investor, all you need to do is agree to the terms and collect your check. Leave the repairs up to them. No more shelling out money for costly repairs. There’s no more having to rearrange your life while repairs are performed, and you don’t need to pay expensive inspectors. Simply allow the investor to give you a fair market value on your home minus the cost of repairs and be on your way with a check in hand.
Cons of Selling Your Home to Investors
- No License Required As a seller, it’s often disheartening to understand that an investor doesn’t need any licenses to purchase your home. You could be dealing with some random guy that wants to make a killing on your property. That’s where researching the reputation of a company or individual comes in. Make sure they have previous reviews about their services so you can ensure they are legitimate. Not only is Integrity Homebuyers respected in the community, but we also hold an A+ rating with the Better Business Bureau.
- Scam Artists Anytime you wonder – should I sell my house to an investor, you need to think about scams. While you face the risk of fraud any time you make a financial decision, you need to be especially careful when dealing with this substantial asset. There are people out there looking to rip you off, so you need to do research prior to entering into any agreement. In the Internet world we live in, it’s easy to get information about companies online. If you can’t find an online presence for the company, you might want to avoid them altogether.
- Receive Offers Below the Market Value One thing that discourages customers who wonder – should I sell my house to an investor – is that they are going to receive less than market value for the home. That’s because investors need to factor in their own costs to list the house and make any necessary repairs. All of these expenses are factored into your offered price. You must keep in mind that the investor is also taking a risk by purchasing your property “as-is.” Anything could crop up on them down the road that ruins their investment, so they need to be careful.
Should I Sell My House to an Investor? Yes!
If you are in need of instant cash or need to get out of your home quickly, then you should no longer be asking –should I sell my house to an investor. The answer is clearly yes!
Not only will you avoid paying exuberant commissions, but you don’t have to lift a finger. Don’t wait months for an offer, get one right away. Once the offer is made, you’ll have cash in your hand in no time; there’s no more waiting for financing to come through.
Don’t trust just anyone. When you wonder – should I sell my house to an investor, read our rave reviews. Then call us at (800) 818-4145 to get cash in your hand quickly. You’ll be glad you did.
We Buy Houses in Maryland and Washington DC
