If you are looking for a way to sell your house fast and for cash, selling to a real estate investor can look like the most attractive option. Any cash home buyer advertises that they will make the transaction so easy for you and you’ll get cash in no time. This may seem too good to be true, and in many cases it is!
What will an investor pay for your house? Will you get the promised cash as fast as you’re told, and how much? Are “we buy houses” companies legit at all? This guide answers these concerns and others, to help you make the best possible decision for your situation.
How to Find a Good Property Investor and Get the Best Deal for Your Home
Who Are Real Estate Investors?
Real estate investors buy homes for cash and off-market from sellers who have problems that require a quick and easy sale of their property. Investors resolve the previous owners’ problems, and rent or resell the properties they bought.
Investors buy houses in any condition. Because of their streamlined business model, real estate transactions can be completed in only a few days—a real benefit to homeowners who:
- need to get rid of a home because of its poor condition. These sellers have a house in disrepair or with legal issues attached and no money or time to put in solving problems, which is normally required to sell the property.
- need to sell their house fast because of a time constraint. These sellers need a quick sale because they want to simplify their emotionally draining divorce process, are moving and need to sell their house fast, have a financial crisis, family tragedy, are selling a home in a bad neighborhood, and the like.
Should I Sell My House to an Investor?
“I need to sell my old house quickly. After doing some online research, I got an email from an investor who wants to buy my house. What’s this all about?”
We hear something similar from clients all the time. Read on to learn about all the benefits of selling your house for cash to a home buying company or a private investor.
They Buy Houses As Is
An investor may be extremely helpful if you are thinking about selling your house in a poor condition AS IS when nobody wants to buy it and you can’t afford to repair it.
A property investment company will buy your house AS IS, in any condition, even if your property is falling apart. When you sell your house to an investor, they take complete responsibility for all needed repairs.
They Work Fast
When you request a cash offer on your house from an investor, they usually make it faster than in 24 hours from being contacted by you. So you don’t need to put any effort into marketing: staging, photography, advertising, conducting showings and open houses, and waiting for someone to eventually make an offer on your property.
And because investors buy houses for cash and don’t need a mortgage approval, you normally can have your property sold in as little as a week. And you’re out of the home quickly.
They Make It Simple for You
Investors also fix any legal problems associated with the building, such as problems with:
- tax liens
- delinquent mortgage payments
- mechanic lien filings
You don’t need to make countless phone calls or trips to the courthouse. The investor takes care of all the research and all of the paperwork.
And you won’t be surprised by any Realtor fees and hidden costs at closing. The amount of cash you accepted in the investor’s offer is the amount you receive at closing.
If you are looking to sell a house to a real estate investor, contact our team at St. Louis Realty Advisors by giving us a call at 314-270-1601.