We Buy Houses
Get a Quick, No Obligation Cash Offer Today
*Your Information is Private and Confidential
We Buy Houses
Get a Quick, No Obligation Cash Offer Today
*Your Information is Private and Confidential
Should You Let a Real Estate Investor Purchase Your Home?
Pros And Cons Of Selling Your Home To A Real Estate Investor
If you have a home listed for sale, chances are you’ve either noticed the abundance of roadside signs that read, “We Buy Homes Fast!” or perhaps you’ve even received an offer to purchase your home from a real estate investor. The real estate market has changed dramatically over the last decade and it’s becoming more and more common for a typical home seller to encounter investors. But if you’re like most home sellers, this may be your first experience dealing with investors. So, what are the pros and cons of selling to an investor?
Pros of Selling to Real Estate Investors
Flexible Payment Options – Investors may offer various payment methods such as certified funds, cash, pre-scheduled cash payments, or perhaps they may even take over the existing mortgage completely. With multiple options available, sellers may find a solution that suits their needs.
Cash Offers – Quite often investors are willing to pay cash for a home and with the recent tightening of financial restrictions, coupled with the growing number of complaints about low appraisals, having a cash buyer has become even more appealing.
Selling “As Is” – Typically, investors offer to purchase a property “as is,” many times sight unseen. As a seller, that allows you to avoid any costly repairs that would normally be considered your financial responsibility.
Fast Closings – There are investors who can close within 7 days. How is that possible? Because the sale of the property is not reliant on approved financing, appraised values, home inspections, or the like; bypassing all of these steps expedites the process considerably.
Cons When Selling to Real Estate Investors
Investors Do Not Need a License to Buy – This means as the seller, you know nothing about the person/entity offering to buy your home. Some investors are corporations, but some are individuals who just happen to also be real estate agents.
There are Plenty of Scam Artists Posing as Investors – There’s a risk of fraud in any financial transaction, but it’s especially critical to avoid scams when dealing with your largest asset. To avoid any issues, get the name of the investor and do research online to see who they are, and ask for references.
