Advantages of Selling Your Home to a Real Estate Investment Company
Currently, people no longer prefer selling their homes through real estate agents. If you choose to work with a real estate agent, you will have to renovate your before it is put on listing. Well, you might be incapable of meeting all their requirements. If you are in such a situation, it would be best to choose a real estate investor. Read on to know why it is preferable to sell your home via a real estate investment company.
Investment companies never mind buying the home in its current state. Imagine being in a situation where you urgently need money or wan to relocate. You will have to sell your home. In such a state, it will be almost impossible to make any repairs or renovations on the house. It will be best to go for a buyer who will pay for the home without any alterations. Luckily, real estate investors have a preference for old fashioned houses. This is because they can freely make the changes that suit them.
Investment companies ensure you make a quick sale. In most cases, investors will provide you with a cash offer within 24 hours after. As soon as the two parties agree on the terms and conditions, a sale is made immediately. Averagely, it will only take two weeks to close with an investor. On the other hand, you are prone to wait for a minimum of 60 days if you choose a buyer who will need a mortgage. Investment company do not need time for mortgage approval. The process will also be quick since no time is wasted on marketing the property.
You stand a lower chance of risk of non-closure due to lack of funds. Quite often, the clients brought to homeowners by real estate agents are those who need a mortgage. The downside of this is you do not have the assurance of getting the money. Choosing a buyer who has been preapproved for a loan might be disappointing as the lender can be unwilling to release funds for buying the property. But, it would be safer to ask the investment company for a proof that they have the relevant funds. You can choose to ask for bank account statements or liquid assets. It would be best to proceed to ensure that the amount is way higher than the cost of your property.
With an investor, you do not have to go through the typical hassle that comes with selling a home. Investors have no problem fixing any legal issues you might be having with the property. Moreover, they will take it upon themselves to do all the research and paperwork. Lastly, you will not get the surprise of additional fees.