What are the benefits of selling to an investor?
We’ve put together the Top 7 Reasons to Sell to An Investor:
1. Skip repairs and sell your house as-is.
When planning to sell a house repair costs can start to add up quickly and consume time you may not have. If a house isn’t market ready, some realtors may insist on dropping the price significantly, with the same commissions and fees.
When you sell to an investor you can forget about all of those costs and headaches completely. This helps you avoid any overhead costs that you might have to deal with from repairing your house before selling on your own.
2. Cash is king.
Cash is more enticing now in the real estate market, keeping in mind the financial restrictions in place after the last mortgage crisis. Most investors looking for properties to buy usually have ready cash.
3. Faster closings.
With cash offers, you also get faster closings. If you’re looking to sell your house within a short time period, then selling to an investor is your best option. A well organized sale to an investor may take as little as 7 days for the deal to be closed.
4. Get out of your mortgage.
Say you have a 30-year mortgage that maybe you’re having trouble paying, or simply want to get out of to move somewhere else, selling to an investor can be a great option. In most cases, the cash transaction can wipe out the mortgage entirely. If it can’t, most investors are willing to take over the mortgage on your property.
5. You get to stay in your house longer.
When dealing with an investor you only move out after the sale is completed and you might also get a grace period to look for another place. Sometimes when listing a realtor might push the idea of moving out for repairs or to stage the house for future buyers.
6. You need flexibility.
If you need to sell your house in an awkward situation, investors typically can be more flexible than selling the traditional route. Could be divorce, an inherited property, or tenants with a lease.
7. Save on commissions.
When selling your house the traditional route, typically you have to list it with a real estate agent. This usually involves giving up at least 3-6% of your home’s equity in order for the agent to make their commission. On a $200,000 house that is $6,000-$12,000 that could otherwise go in your pocket.
Many times, homeowners think they are getting a low-ball offer from an investor but when you calculate all the selling costs such as repairs, fees, and commissions involved with selling through a Realtor, often times you the homeowner can walk away with a lot more.
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