4 Things to Know About Selling Your Home to an Investor | alecsalameh.com
So, you own a house in Fort Myers, and you are considering selling your home to an investor. There are a few things you should consider whenever you are thinking of selling your home, but does this differ with an investor? Working with Fort Myers real estate agents can help you break down your options. In this article, we will look at four things to know about selling your home to an investor.
There is Generally Less Hassle With Investor Sales
When you are selling a home to an investor, there is generally a lot less hassle than you may have to deal with in comparison to selling your home to an individual. An investor will usually buy a house as-is, meaning that you will not have to go through any complicated negotiations on updates or repairs to prepare for sale. There is also little risk that the deal won’t close, especially if you are working with a Fort Myers real estate agent. In addition, you won’t have to worry about a bunch of waiting and paperwork involved with an individual obtaining financing through a lender. One thing to consider, however, is that sometimes you will not know who the real buyers are when selling to an investor.
Investor Sales Generally Close Faster
There are a few reasons why an investor sale may close faster than a sale to an individual. In general, an investor will pay with an all-cash offer, meaning that there is no hassle involving a lender or extra paperwork to deal with on that end of things. In addition, investors generally know the ins and outs of real estate sales so they will be timely and accurate in all their correspondence.
You Will Probably Get Lower Offers
Unfortunately, because investors are buying houses in order to turn a profit, they are probably going to offer lower than you can expect to see with individuals. There are several reasons for this. Some investors may be looking to build a real estate portfolio. Others could be looking to fix and flip your home meaning they will perform all the repairs and sell it for a higher price later. Another common investment is a wholesale investment which is when one investor purchases several properties with the intent to sell to other investors.
There Are Scams Dealing With Investor Purchases
As a last important note, remember that there are scams out there dealing with investor purchases. Most commonly, this comes in the form of foreign investors that are looking to close as quickly as possible without ever viewing the home. In addition, be aware of the prevalent “we buy homes” schemes. This is why you should always work with a real estate professional to confirm the validity of an offer.
At the end of the day, selling your home to an investor may or may not be the right choice for you. It’s not for everybody, but if you are in a desirable location and looking to sell quickly, an investor could be a viable option.