Many of you have probably seen “We Buy Houses CASH” or “We Buy Houses FAST” signs while driving around town. Possibly you have asked yourself ‘how to sell real estate fast in St Louis’ and how these signs can help you accomplish a fast sale. If you’re like most home sellers, this may be your first experience dealing with investors and you may have many questions related to ‘how to sell real estate fast in St. Louis’. In this blog post we’ll go over how to sell real estate fast in St. Louis by discussing the pros and cons related to working with a real estate investor.
Pros
Flexible Payment Options
Various payment methods are available such as certified funds, cash, pre-scheduled cash payments, or assumption of your existing mortgage payments when selling to an investor. Most investors who buy houses fast will be able to pay cash at closing in full. Additionally, many investors will provide other services such as clearing title, cleaning house, and more at no out-of-pocket costs to home sellers.
Selling “As Is”
‘How to sell real estate fast in St Louis is one of the most searched terms of those trying to sell their home in “as is” conditions. Sellers know that selling “as is” can be a time consuming task, but good news; most investors buy homes “as is” in order to flip them. As a seller, that allows you to avoid any costly repairs that would normally be considered your responsibility. If you know you cannot afford to repair or stage your house yourself, then you might consider selling to an investor.
Fast Closings
There are investors who can close in as little as 7 days. This is possible because the sale of your home does not rely on approved financing, appraised values or home inspections. Being able to skip all these steps speeds up the process and brings an end to sellers asking ‘how to sell real estate fast in St Louis’.
Cons
Selling Below Market Value
Investors are aware of the advantages behind their cash offer and the fact that they are taking a risk by purchasing “as is.” But if you are asking ‘how to sell real estate fast in St Louis’ it is also the price you pay to be able to sell your home quickly. Not only is there a discount for the “price” of the quick sale, but there are other factors regarding why investors buy at discounts. They have to offer enough for you to consider it a fair offer, but they also have to pay closing costs, repairs, holding costs and back taxes.
Scam Artists
To avoid scam artists posing as investors, get the name of the investor and do research online to see who they are before deciding to sell your home quickly in St. Louis, Missouri. Ask for references and look them up with the Better Business Bureau. While this is a start, there is actually a lot you can do yourself to make sure you are working with a credible and reliable company. If you are asking ‘how to sell real estate fast in St Louis’ and decide working with an investor is the best option be sure to do your due diligence.
If you are asking ‘how to sell real estate fast in St. Louis’ and are ready to work with an investor contact St. Louis Realty Advisors today (314) 227-0000.