Why Sell My House to An Investor? (And Why Not?)
Why Sell My House to An Investor? The Pros and Cons of Using an Investor…
“What is the best way to sell my house? I’ve heard of using an investor, but a Realtor is what everyone else is using…”
The traditional route for selling a house can be lengthy and frustrating. Finding a Realtor, staging the home, waiting for it to sell while it potentially sits on the market for months…
Not looking forward to it?
Thinking “I wish someone would just sell my house for me!? There must be an easier way to sell my house!”
Who Will Sell My House?
There are many routes to go. Of course hiring a traditional realtor is the most popular option. Selling yourself is time consuming and without proper experience and knowledge will only cost you time and money. A traditional realtor will save you with their experience, but what if the house sits on the market? Can you afford repairs? Are you prepared to move immediately upon sale (or before)?
Why *Not* Sell my House to an Investor?
There are so many perks to selling to an investor!
Before we get into all the benefits, I want to issue some warnings when selling to an investor.
Sell My House Below Market Value??
An investor will likely buy from you below market value. This reflects the quick sale and hopefully leaves enough room for the investor to recover all their personal costs. We’ll talk about how they will save you in a bit, but an investor has to buy low enough to cover repairs and closing costs.
Investors Don’t Need a License
Because they do not represent anyone but themselves, they do not need a licence. There is no buyer or seller to protect. What this means for you is that you’ll need to be careful about who you use and do some research. There are a lot of scam artists out there looking to take advantage of desperate sellers, so make sure you get recommendations, read reviews… anything you can to research and protect yourself from bad characters.
Ok, Let’s Get to The Good Stuff!
Why Should I Sell My House to An Investor?
Good question, thanks for asking!
Save Your Money!!
Wait, what? I thought you said I was going to sell my house below market value? It’s true, I said that. But you will save money by cutting out a lot of red tape. First off, you won’t need to pay commission to any realtor. And we all know the horror of having a house sit on the market.
If you moved from the home to assist in the sale or because you needed to move, you might even be paying TWO mortgages! With an investor, you can get that second mortgage off your hands.
You also are not going to have to worry about repairing anything in the house, staging, or anything really. Using an investor means you can sell the home “as-is” which saves so much time and hassle.
Using an investor can also save you by helping you avoid foreclosure!
I Want to Sell My House Fast!
Great! Speed is an investor’s specialty! With an investor, as mentioned above, you won’t have to worry about staging or repairs. Investors are also going to be approved for financing and you won’t have to worry about appraisals or inspections.
What About Payment Options When I Sell My House to an Investor?
They’re super flexible- another perk of working with an investor.
Investors are going to have more options for you for receiving payment. They can assume the existing mortgage if the house isn’t paid off. A great perk of working with an investor as opposed to another cash buyer is that their funds may be verified which establishes their credibility. Investors will pay cash in full at closing; what more could you ask for?
Sell My House with Less Stress
Overall, an investor is going to cut back a lot of the red tape and hassle of selling a home. The urgency to move is taken away. You can negotiate with the buyer when you will exit the property… and you won’t ever have to worry about paying 2 mortgages, determining and executing repairs, contractors, staging or realtors.