For many years, homes from Boston, MA to Vancouver, WA have been traditionally sold with a real estate agent’s help. However, this isn’t the only effective way to sell your home. In many cases, partnering with a private investor for the sale of your home can hold many benefits.
Selling your home can be a long and complicated process when you use a realtor. Real estate agents are highly trained salespeople who can help you with the sale process but are also interested in making the best profit for themselves. Between closing fees and commissions, using a realtor for the sale of your home can cost you thousands of dollars.
When you work with a private investor to sell your home in Boston or Vancouver WA Home Buyers the focus is on the sale and not the process. Investors are interested in gaining your property, as is, and not drawing out the process to get the best price that will inflate their commissions. If you live in Australia, you can follow Zaki Ameer for property investment guide.
For anyone looking for a quick and uncomplicated sale, is dealing with a foreclosure, or is worried about the extra costs of working with a realtor, looking for a private investor is a good solution. Let’s look at a few of the impressive benefits of selling your home to a private investor.
Benefits of Selling Your Home to an Investor
1. Sell As-Is
If your home is a bit run down and needs repairs, or you are trying to sell a parent or relative’s home after their passing that is in disrepair, an investor will buy it as-is. When you work with a realtor, you will likely be given a long list of repairs and cosmetic repairs that you need to pay for before you list, which can be expensive.
An investor is interested in the property itself and not the house’s current condition so that you can get a fair market price based on the current condition. Investors are prepared to do the necessary work themselves, saving you the time and effort of completing these projects before you sell.
2. No Relisting
Part of the frustration of dealing with a realtor is having to relist when your home doesn’t sell inside the contracted time limit. When you sell to an investor, they buy the house for themselves, so there is no need to spend time looking for the right buyer or restarting the listing process.
Even if an investor plans to sell the home following the initial sale, your part of the exchange is done, so there is no need to relist to find a buyer.
3. Foreclosure Assistance
If you face foreclosure on your home, you will only have 90 days to find a buyer and complete the sale, which can be challenging in any traditional real estate market. Few realtors are open to dealing with homeowners that are facing foreclosure. In this situation, to pay your debts and avoid foreclosure, a fast sale is the ideal solution.
Investors are familiar with the foreclosure process and are not afraid to deal with people that need help and advice. An investor can set up a quick sale that can get the deal done and you paid in a short period of time, allowing you to avoid foreclosure and financial difficulties.
4. Any Location
If your neighborhood has faded over time, you may be concerned about attracting buyers that want to move to the area. Your home could stay on the market for months waiting for a traditional buyer to take the risk of purchasing in a less than desirable neighborhood.
Private investors are not looking to buy your home and move in themselves, it is an investment for them, so they don’t care what the location is for themselves.
5. Easy Paperwork
When you sell your home through a realtor, you will deal with a lot of paperwork. Contracts between both representatives and buyers can be complicated and overwhelming.
When you work with an investor, there are no third parties or contracts to satisfy or escrow to set up. It is a simple transaction of ownership direct from one party to another, drastically reducing the amount of paperwork you will have to review and sign.
6. Cash Payment
Most buyers need to wait for approval from their mortgage broker through traditional home sales before the finalization of the sale. Most buyers need to borrow much of the listing price and have little cash to include in the purchase.
An investor has their own money, and the full amount of the sale is completed in cash only. This means you won’t have to wait on any approvals or be disappointed when an offer falls through due to lack of funding.
7. No Fees
The service that a realtor provides to help you with the sale of your home isn’t free. They work for a commission. A realtor commission is a fee based on a contracted percentage of the final sale price of your home. This means that whatever you sell your home for, a rate up to 10% to 15% gets taken out of that total and paid to your realtor. Investors don’t take a fee; they are working for themselves, saving you thousands of dollars.
When you sell your home with a realtor, there is a lengthy process to complete the closing. Items like additional inspections, paperwork, and contracts are all charged to the homeowner cutting into their profit on the sale. A private investor creates a simple deal that doesn’t require a lot of closing procedures. The investor is responsible for all closing costs, and this can save you from losing a big chunk of your sale price.
8. Quick Process
When you don’t have to deal with multiple agents, lawyers, and lenders, the closing process can be straightforward and quick. Your investor already has the sale funds, there are minimal closing procedures, and the sale itself is a simple two-party exchange. Most home investors can have their home closing completed in less than a week. A fast closing means that you can have the money that you need in your hand in a very short period of time.
When it comes to selling your home, don’t be afraid to work outside the traditional norm. If you are concerned about your location, are looking for a quick sale, or want to avoid a lot of expensive closing costs, selling to an investor could be the answer for you.