Reasons Why You Should Consider Selling Your Home to a Real Estate Investment
Gone are the days when homeowners used to sell their homes through real estate agents. Real estate agents have been known to ensure the homes are repaired before being placed on sell. The truth is you might not be in a position for their fulfilling their terms. If you are in a similar position, working with a real estate investment company will be the safest way out. Read on to know why it is preferable to sell your home via a real estate investment company.
Investment companies never mind buying the home in its current state. 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. All you will need is buyer willing to pay for the home in its state. Luckily, real estate investors have a preference for old fashioned houses. Most probably, they stand a better chance of flipping and renovating the home in the best way they know.
Investment companies work fast. 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. By choosing an investment company, you can be assured of a close within a maximum of two weeks. 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. Also, they are quick as you homeowners do not need to put effort into marketing.
With an investment company, you will not have to worry about not receiving the complete payment as they pay cash after closure. In most cases, a real estate agent will find you a buyer who will apply for mortgage. Here, you will be full of doubt. 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. Moreover, they will take it upon themselves to do all the research and paperwork. Lastly, there will be no chance of hidden costs.