About 80% of Americans live 100 miles or less from where they grew up. However, this doesn’t change the fact that we’re often moving to new homes, especially as we go through milestones. For some, this is upgrading to a larger property when they start a family; for others, it’s downsizing to a smaller one when their kids leave the nest.
Whatever you’re going through in life, you might want to sell your house fast in the near future. In that case, selling your home to an investor can be a good idea for many reasons. Read on to see what they are.
Let’s start off with the most immediate benefit: the process is fast.
Traditional home selling can take forever compared to investor selling. This is because you not only have to list your property, but you also have to tidy up, stage your home, hold open houses, and vet the buyers before closing. Not to mention, you’ll probably want to find a good real estate agent too, which can be a lengthy process in itself.
In addition, there’s the chance that a buyer’s mortgage won’t be approved, or they may pull out for any reason. This will put you back at the starting point and delay your plans.
When you sell your home to an investor, you won’t have to bother with any of that. From the moment you speak to an interested party to the moment you sell your house, it can be as little as one or two days! If that isn’t fast, then we don’t know what is.
These investors have access to a large wealth of financial resources, so it’s not likely that they’ll back out from their offer. You’ll only need to speak to one investor instead of several interested buyers, which is very convenient.
Plus, the fact that you don’t have to list, show, and stage your house means you can save time and energy. This allows you to focus on the more important aspects of your upcoming move and/or spend time with loved ones before you relocate.
You Don’t Have To Beautify Your House
Even in a seller’s market, you usually have to beautify your property to attract the right buyers. Depending on what state your home’s in, this can be something as little as updating your fixtures or as complicated as renovating rooms.
Not every seller will have the finances to update their properties, which can be problematic. It also takes a lot of effort to coordinate with workmen to come do the desired jobs.
The good news is, an as-is home sale is possible with investors. They’re fully prepared to put their own money in for repairs and upgrades, so you don’t have to do them.
In the end, this saves you time, money, and energy.
There Aren’t Contingencies
In home sales, contingencies are clauses that protect buyers and allow them to back out without consequences should points not be met. These can be quite complicated, and include things like home inspections or even the buyer’s own sale of their current house. As you can imagine, in the worst-case scenario, it can be a nightmare to deal with.
Investors won’t require contingencies, which can be a huge relief. Not only can you have more confidence in the home sale, but you also won’t have to deal with a ton of clauses.
There Are No Fees and Commissions
Technically, you can sell a house to regular buyers on your own, without a real estate agent. However, that can be a huge hassle, and you may not get top dollar for your property.
Working with a reputable real estate agent can be worth every penny spent, but there are fees and commissions that come with this route. On top of their commissions, you’ll have to pay for things like staging expenses and closing fees too.
You can forget about all this when selling to an investor though. You’ll get an upfront and straightforward price when selling your house, which results in you maximizing the amount you receive from the house sale.
There’s More Flexibility
Compared to traditional home buyers, investors can be more open to negotiating terms that suit your needs. For example, if you need more time to move out, it’s possible that they’ll accommodate a longer escrow period. They might even let you rent the house for a specified period after the sale, so you don’t have to sort out accommodations before you move to your new house.
It’s true that some buyers may allow these things as well, but it’s not as likely.
You’ll Get Cash for the Sale
Did you know that selling your home for cash is possible? If your finances are tight and you need money ASAP, then selling your home to an investor is the optimal option.
As we’ve mentioned earlier, traditional home buyers need to get mortgage financing, which can take some time and is uncertain. Then it’ll take even longer to get that money in your bank account.
Selling to an investor means they have all the money ready. You can close within days, and you’ll have immediate funds to work with.
Selling Your Home to an Investor Is a Good Idea
If you’re moving soon and are a homeowner, then selling your home to an investor can be a wonderful alternative to a traditional sale. Not only is it quick and convenient, but you have more flexibility and can get cash too.
So forget about finding a real agent. Instead, speak to an investor, and you’ll have cash in no time flat, and with little effort too!
For more real estate articles, make sure you check out the rest of our posts.