You’ve probably heard of them before – house investors that buy houses for cash. But what exactly are the benefits of house investors? Why is it becoming such a popular option? There are definitely advantages to house investors and many see it as a better investment of their time to go with one when they want to sell their house fast.
In this article, we’ll look at pros and cons of selling your house to a real estate investor so you can get a full picture of the business and what to expect when dealing with real estate investors. Have a look at some pros and cons of house investors!
Here are the pros of working with investors that buy houses for cash…
Pros of house investors:
You won’t have to pay real estate commissions: Normally, agents will charge certain commissions for using their service. Completely understandable. But house investors don’t and yet they deliver the same service, except faster.
They will help you update and upgrade your property: And you won’t have to worry about any of this – unless you wanted to. They offer flexible payment options. By offering a variety of payment options you will be able to sell your house fast regardless of your financial state. Alongside, you will also be able to avoid foreclosure.
We are able to pay cash and sell your house fast: ‘As Is’ sale means that your house can be sold without providing a warranty or being on the hook for problems with the house. You will be able to save a lot of money as well as time. House investors that buy houses for cash do not need a warranty. They are getting a discount on the house and know it needs repairs.
No hidden fees: Investors have no hidden real estate fees. This makes it easy to get a good price on your property.
Cons of house investors:
They don’t need a license to buy: It might be hard to do a background check on the person selling your home; however, you should still be able to check reviews of the house buying company to make sure it is legitimate. A reputable house investor should provide you references and be honest and upfront about their business.
Scammers are out there: It’s a popular way for scammers to make money off of innocent people. There are some we buy houses scams out there. So how do you make sure your real estate investor is legitimate? You should be able to look up any agent with the Better Business Bureau. An honest real estate investor will also be open to answer any questions you might have about the house selling process.
You might get less money for your house: Due to purchasing your house ‘As Is’, this usually means the value of the house will go down. However, due to so many hidden costs of real estate agents, you will often find that cost-free house investors are actually a better option as you roughly end up with the same amount of money as you’re not going through the usual paperwork process. Investors that buy houses for cash need to buy at a discount so that they can cover the unknown expenses they may incur.
Are you ready to take the next step on the road to working with house investors to get your home sold? Give St. Louis Realty Advisors a call today at (314) 326-4900 to start your journey.