Reasons Why You Should Sell Your Home to a Real Estate Investor
Lack of money to meet certain financial obligations can be one of the reasons you may decide to sell your home. Although some people prefer selling their homes to a realtor, you can as well opt to deal with a real estate investor. However, it is a good idea to sell your home fast especially if you have an emergency. Read on to learn some of the benefits associated with selling your home to a real estate investor.
Selling your home to a real estate investor is fast and convenient since they pay in cash. An agent will only find you a potential buyer, but they will not fund them. It is important to note that a bank loan requires that third parties are satisfied, taking a lot of time to seal the deal. Selling to a real estate investor is also beneficial because they will help you out if your home is facing foreclosure. However, they will not help you clear your bad credit record, but they will help you sort your lender.
Besides, a real estate investor will buy the house as-is. While a realtor will consider the condition of the house, a real estate investor will buy your house as long as you agree on its value. Remember that once an investor has bought your home, they will do any repairs that are necessary. Similarly, they will not be bothered by the neighborhood. Note that factors such as crime rate and excessive noise volume do not bother a real estate investor.
The market does not matter when selling to a real estate investor, unlike an agent who will only buy your house in a stable market. While an agent will only buy your market in a favorable market, a real estate investor will buy your house even if the market is rough and make it attractive to sell it when the market stabilizes. Remember that selling to a real estate investor does not involve a complicated paperwork unlike selling to an agent which will require you to fill a lot of dotted lines.
While an agent will require you to pay commission fees, a real estate investor will pay the total value of your house. Moreover, a real estate investor does not involve closing fees like the case with a realtor. Note that if your house is not sold within a duration as agreed with the realtor, you will be forced to relist. From the above discussed factors, it is evident that selling a home to a real estate investor is advantageous compared to selling to an agent.