Benefits of Selling Your Home to a Real Estate Investor
Gone are the days when homeowners used to sell their homes through real estate agents. Over the years, real estate agents have required homeowners to make repairs and renovations before putting their homes on listing. Well, you might be incapable of meeting all their requirements. If you are in such a situation, it would be best to choose a real estate investor. In this article, you will get to know the benefits that come with selling a home to a real estate investment company.
Investment companies buy homes as they are. Imagine being in a situation where you urgently need money or wan to relocate. The first thing that will cross your mind is to find a home buyer. In such a situation, it would be illogical to pay for repairs and renovations on the home. You will need a buyer who does not mind the current condition of the home. Luckily, real estate investors have a preference for old fashioned houses. This is because they can freely make the changes that suit them.
Investment companies ensure you make a quick sale. When you put your house for sale and contact an investor, in less than 24 hours, you will have received a cash offer. As soon as the two parties agree on the terms and conditions, a sale is made immediately. Averagely, it will only take two weeks to close with an investor. Going for a buyer who requires a mortgage will mean a close within two months or more. With an investor, you will not have to deal with long periods of waiting for mortgage approval. Investors make the process faster as you do not have to market the property.
With an investment company, you will not have to worry about not receiving the complete payment as they pay cash after closure. Quite often, the clients brought to homeowners by real estate agents are those who need a mortgage. Unfortunately, such an option comes with uncertainty. Choosing a buyer who has been preapproved for a loan might be disappointing as the lender can be unwilling to release funds for buying the property. However, you should protect your interest by asking the investor for proof of funds. Their bank account balance and liquid assets will give you such information. It will be highly beneficial if the amount exceeds the purchase price of your property.
With an investor, you do not have to go through the typical hassle that comes with selling a home. If your home has legal issues, worry not as the investment company will fix them. Besides, they will take care of any needed research and paperwork. Lastly, there will be no chance of hidden costs.