WHY YOU SHOULD CONSIDER SELLING YOUR HOME TO INVESTORS
You may consider selling your home for several reasons. Some of the reasons may be so urgent such that you do not have to list your property and wait for the prospective buyer to contact you. You may be shifting to another state, and you do not want to let your property behind without someone to manage it. While there are many options for selling your property, some are more beneficial than others, and some may favor your condition more than others. One of the options you have when selling your house is selling it to investors. These are some of the reasons why you may prefer using an investor other than a realtor.
1. INVENTORS WILL NOT ASK YOU TO RENOVATE THE HOUSE
If your house is run down, a realtor may hesitate to work with you. If they have to work with you, they will give you a list of repairs you have to complete before listing and promoting your home. You may not be having the kind of cash you require to carry out the renovations. The best thing with investors is that they will not give you that requirement before buying your home. They will buy it in its current condition. Whatever condition your home is in, the investors will purchase it and work with contractors to improve it.
Also, the investors will help you sell a hoarder house even before you remove everything in it. They understand the different needs of home sellers, and they are ready to come in and help where they can. Therefore how you have been using the house is not make the investor not to buy your house. Since they work with contractors, they will buy your house as it is and deal with it later.
2. INVESTORS WILL PAY YOU CASH
All realtors will find people who want to buy houses, but they do not have a specific buyer. The majority of buyers rely on banks to approve their mortgages so that they can complete the transaction with you. Some of them will begin the process, but on the way, their mortgage may be declined. That will mean you have to start the process all over again. Investors have the cash, and they will pay you as soon and the process is complete. You can choose the payment method convenient to you between cash, bank deposit, or a check. They will use any of the methods of your choice.
3. INVESTORS CAN HELP YOU WITH FORECLOSURE
When you are about to have your home repossessed for failure to pay the mortgage instalments, an investor can help you rescue your home. You can use the short window to sell the home to an investor and get the money to pay the mortgage in full. Although the fast-selling may affect your credit history, it is not as bad as a foreclosure. Besides, the loss is not so much as when the lender repossesses your home.
You have only a window period of 90 days before foreclosure once you get the warning. That means you have to find a buyer as soon as possible. When you list with a realtor, the process may be too long to complete in the 90 days that you have. An investor will help rescue the situation because their processes are faster. You will get the money you want in good time to make the payment to rescue your situation.
The best thing with investors is that they understand everything about foreclosure, and they can ensure you get the money in food time. The investors will be able to work with the lender and arrange a short sale to close the deal before the time for foreclosure runs out. Since they know what foreclosure means for you, they will come in to help in the situation.
4. AN INVESTOR CAN HELP AVOID COMPLEX PROCEDURES
When you sell your home with a realtor, there are mountains of paperwork. You will sign papers with your realtor, your buyer, and their agent. There are also contracts to satisfy and an escrow to set up. There are so many documents involved that you will be required to read and sign. When you opt for investors, the transaction is between you and them. There are no third parties involved. You will only transfer your home from your hands to the hands of the buyer directly. That reduces the volumes of paperwork that you have to sign with realtors.
5. AN INVESTOR WILL NOT ASK FOR CLOSING FEES
The closing process can eat up a lot of your money through the paperwork when you choose to work with an agent. The investors will cut a lot of that process, and will pay for anything that comes up at that time. There is nothing the investor will ask you to pay for, and therefore, your money will be as agreed. It helps you save a lot in the closing process that the estate agent will take you through with their processes.
Also, working with investors will eliminate the fee for realtors. The real estate agents work for a fee, and you will have to deduct their pay from the money that the buyer will pay you. You will bypass that process when you choose to work with a realtor. There is nothing you will pay at the close of the transaction, and that will save you your money.
6. AN INVESTOR CAN LET YOU BE A TENANT AFTER SELLING THE HOUSE
If you sell the house when you are not ready to move, the investor can let you rent the house and continue staying in it as you prepare to move. It is not every time you will want to sell your home because you want to relocate. A foreclosure can make you want to sell the property even when you cannot move to avoid losing everything. Thus, the investor knows how fast the foreclosure can be and will work with you to save you from it. After that, you can continue staying in the house as a tenant until the time you will be ready to move.
These are all benefits that you can enjoy when you sell your property to an investor who will pay you cash for it.