Reasons Why You Should Consider Selling Your Home to a Real Estate Investment
Today, many have turned away from working with real estate agents when selling their homes. Real estate agents have been known to ensure the homes are repaired before being placed on sell. Well, you might be incapable of meeting all their requirements. 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. You might be in desperate need of money or want to move out of your current state. The first thing that will cross your mind is to find a home buyer. You will be unable to pay for any repairs on the home. It will be best to go for a buyer who will pay for the home without any alterations. Worry not as real estate investment companies look for outdated homes. The reasoning behind is that they get the freedom to fix the houses up as they like.
Investors give the benefit of a quicker closing Once you have presented a cash offer for your home, investment companies will get back to you within 24 hours. As soon as the two parties agree on the terms and conditions, a sale is made immediately. Averagely, it will only take two weeks to close with an investor. On the other hand, you are prone to wait for a minimum of 60 days if you choose a buyer who will need a mortgage. With an investor, you will not have to deal with long periods of waiting for mortgage approval. Investors make the process faster as you do not have to market the property.
Investors pay cash once the deal is closed. Quite often, the clients brought to homeowners by real estate agents are those who need a mortgage. Here, you will be full of doubt. Meanwhile, you cannot entirely depend on a buyer who has been preapproved for a loan as the lender might change their mind on funding the purchase. However, you should protect your interest by asking the investor for proof of funds. It would be best if they show you their bank account statements or liquid assets. It would be best to proceed to ensure that the amount is way higher than the cost of your property.
An investment company will save you from the complicated process of selling a home. Investors have no problem fixing any legal issues you might be having with the property. Moreover, they will take it upon themselves to do all the research and paperwork. Finally, you will not have to worry about hidden charges.