What Advantages lie in Selling your Home to a Real Estate Investor?
Finally, you find yourself with your back against the wall as you have to sell your house now. The biggest issue you need to address in early days is who will be buying your house. The choice often is between getting a realtor or attracting an independent buyer or contacting a real estate investor. Nonetheless, even if you feel spoilt for choice, this article will put you in a better position to make a final decision. Maybe you are currently caught up in an argument with some of your friends as to why you should or shouldn’t go the real estate investor way, but this article will settle your nerves once and for all. The decision, of your home’s buyer, can be tense especially when life’s downs are influencing it, e.g. foreclosure. You may also be in a rush to move elsewhere hence the need for a quick sale.
Foremost, it will not be time consuming when you get a property investor to oversee the sale of your home. Property investors will be quick to evaluate your home’s worth the instance you get them in on the act. In some cases, if all pans out, then a proposal can be given there and then but typically, one day is the lead-time for an offer to be made. This process here will undoubtedly be less lengthy than a sale overseen by a conventional realtor. When dealing with a traditional realtor, you have to contend with a myriad of stages in which the buyer is selected yet no assurance exists that it will all work out. Regular buyers will need a home inspection performed before they consent to the purchase which also presents an issue since if your house is old, then passing the examination is pretty hard.
Secondly, the issue of rehabilitation can’t be overlooked. For sure, repairs are a no-no when it comes to real estate investors. To manage to woo a personal buyer, your house must be in a condition sometimes beyond pristine on the positive side of things. Consequently, you will no choice but to spend money refurbishing your home. This means having landscaping work done, a new point job executed, a new roof installed, a new set of doors and windows put in place, etc. Even with all these steps taken, no guarantee can be given that your house will fetch a better price and thus allow you to get back the money you had put in. But a property investor will save you from all the above troubles.
Moreover, the issue of hidden costs doesn’t feature when it comes to real estate investors. With real estate agents expect commissions to be part of the game.
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