Whenever someone wants to sell their home, getting in touch with realtors who offer enticing property solutions is the first thing they do. For a long time, the home selling process has involved sellers and buyers working with real estate agents, for the most part anyway. Some homeowners do manage to make property sales on their own. But, the majority of sellers (and buyers) trust real estate professionals to get them a good deal.
Having said that, the experience of working with a real estate agent isn’t always positive. At times, the deal they negotiate for your property might not benefit you. Thankfully, there’s another way. If you’re sick of listing and relisting your place or simply want to avoid the complications of going through a realtor to sell your home, consider giving real estate investors a try.
Selling your home to a real estate investor rather than a realtor has advantages. This piece talks about them in detail. So, let’s get right into it!
Benefits of Selling Your Home to a Real Estate Investor
Working with a real estate investor to sell your home can benefit you in the following ways.
Assistance with Foreclosure
The foreclosure period in most states in the US is around 90 days. That’s usually a short window if you’re looking to sell your place and prevent the completion of the foreclosure. Moreover, the need to sell is even more urgent when you know that you aren’t in a position to settle all debts with your lender(s); unless someone buys your place fast.
Admittedly, selling a home to stop it from foreclosing would still hurt your credit score and history. However, the damage isn’t as significant compared to the foreclosure being completed. Simply put, time is of the essence when your house happens to be in foreclosure.
You’re trying to prevent a disaster, and there may not be enough time to find a realtor who would say “yes” to your case. Even if you do find one, there’s no guarantee that they’ll be able to make a sale before the clock runs out.
On the other hand, real estate investors often buy places in foreclosure. They’re also normally well-versed in the process. Hence, if you go with an investor(s), they would help you arrange a short sale and quick closing while working with your lender. In this way, you can stop your home from being foreclosed by selling it before the foreclosure period is up.
Investors Aren’t Concerned About Shoddy Home Conditions
If your home happens to be in serious need of repairs, a realtor would probably stay miles away from it. Even if they agree to work with you to sell the property, it would probably be on the condition that you get the repairs done before they can list and promote the place. In contrast, real estate investors wouldn’t require you to do any such thing!
Rather than ask you to foot the bill for maintenance and renovations, they would make you an offer considering the cost of repairs. Hence, you won’t have to worry about paying for any upkeep or even lifting a hammer to fix something yourself.
The magnitude of the damage also doesn’t bother real estate investors. You could have mold-covered walls in every room, burst pipes and broken tiles in the restrooms, or even a roof that’s about to cave in. An investor has usually seen it all.
This is why they won’t demand that you care for the repairs. Instead, they would buy your place and work with the contractors to deal with all the issues.
Bad Neighborhoods Don’t Faze Them Either!
While buying a house, one primary consideration is the neighborhood and the kind of people that live next door. However, there’s no guarantee that your super-sweet neighbors will still be around when you list your home for sale. In particular, if the area has gone downhill over the years, finding an interested buyer would be doubly hard.
You can have the finest realtor in your city promoting your place. But, if the neighborhood has a bad reputation (high crime rate, poor amenities, etc.), selling your home would be a massive struggle.
On the flip side, since investors don’t plan to live in the homes they buy, they’re not worried about the neighbors, the kind of people that hang out on the corner of the street, or the amount of noise that residents have to deal with at three every morning. They aim to buy a place and turn it into something spectacular so that buyers would come in droves without worrying about the surroundings.
You Can Get a Cash Offer
A real estate agent will find you a buyer for your home. However, they won’t be able to fund that purchaser. A bank can only do this. Since most buyers don’t make cash payments to acquire a home, they’re usually in need of a loan from a regulated financial institution to complete the purchase. This is where the problems begin.
At times, an interested buyer would initiate the sale process, but the bank would reject their request for a loan. And just like that, all the effort and work would be for nothing because this particular entity can’t buy your house after all.
Real estate investors, in contrast, don’t have financing issues. They’re usually well-funded and even have the ability to buy a property in cash. Moreover, you won’t have to worry about a complex escrow procedure or another holdup. What you’ll get is what they’ll offer you. An investor would make cash-based real estate dealings extremely simple for you!
As you can see from this article, selling a home to a real estate investor instead of a realtor can make many things more accessible. If dealing with real estate agents has frustrated you, consider contacting a real estate investor. They’ll facilitate your home sale in multiple ways, and you’re guaranteed a good deal no matter what condition your house is in.
F&H Property Solutions LLC provides top-rated real estate investment services. It can provide homeowners looking to sell their properties with all the advantages (and more) mentioned in this piece.
Don’t hesitate to get in touch!