Owning a home is a major source of pride for most Americans. However, owning a home isn’t always a positive experience. Your home may be in poor condition, requiring constant repairs. Your neighborhood might have deteriorated in recent years, attracting crime and neighbors nobody wants to live near.
You’ve probably seen signs around town that say “We buy houses for cash!” You may have seen commercials offering to buy homes quickly.
As a homeowner, however, you may not have experience dealing with investors. Before selling your home for cash, you should understand the pros and cons of working with real estate investors.
Upsides of Selling Your Home to an Investor
- You Can Sell Your Home “As Is“ – Homeowners often feel the need to make home improvements before selling their homes. Most homeowners, however, aren’t contractors or project managers. As such, investing in expensive home improvements can be stressful, not to mention risky.Real estate investors are willing to purchase homes “as is,” regardless of their current condition. Whether your home is truly dilapidated or only needs a minor fix, you can sell it without making major improvements.
- The Closing Process Is Short – In the United States, most homes take several months to sell. Repairing homes, staging them, and dealing with potential buyers are all time-consuming activities. Further, homeowners must list their homes publicly and wait for prospective buyers to roll in.When you sell your home to a cash investor, you won’t have to go through this arduous process. Here, we regularly close deals in less than one month. Some even close in a few days.
- Gain Access to Flexible Payment Options – If you choose the traditional route to sell your Dan Diego house fast, you’ll only have one payment option: accepting an Automated Clearing House (ACH) transfer. Prospective buyers may run into issues with closing, preventing payment.Real estate investors who offer to buy homes in cash won’t subject you to these payment worries. Rather, they already have the cash on hand.To attract more clients, real estate investors offer flexible payment options. They can assume your current mortgage payments, schedule payments in increments, and even give you a lump sum of cash.
- Moving Before Selling Isn’t Required – Finding a new place to live can be stressful. If you take the traditional route, you’ll have to rent somewhere or buy a new home before selling your home. Otherwise, you could end up homeless.With a cash investor, you won’t need to move out before selling your home. You won’t have to keep your home staged for months on end.
Downsides of Selling to a Real Estate Investor
- Some Investors are Scam Artists – Countless Americans aren’t satisfied with their current homes. Opportunistic criminals realize that homeowners like you will go to great lengths to sell their homes. Unfortunately, some people pose as real estate investors who buy homes with cash.To avoid these scam artists, research your buyer online. Make sure you know their real, government-issued name. Ask for references. Look them up online with the Better Business Bureau.Don’t be afraid to ask real estate investors for this information. Every legitimate buyer will gladly provide you this information.
- Investors Don’t Have to Be Licensed – Unlike real estate agents, investors don’t need real estate licenses to buy homes. Investors don’t have to meet any strict codes or legal regulations. Again, make sure to thoroughly research prospective investors before entertaining their offers. We aren’t like a lot of the other investors. You can view our A+ Rating on BBB or read our client reviews on Google.