Case Study: My Experience With
Advantages of Selling Your Home to a Real Estate Investment Company
Gone are the days when homeowners used to sell 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. The truth is you might not be in a position for their fulfilling their terms. If you are in a similar position, working with a real estate investment company will be the safest way out. In this article, you will get to know the benefits that come with selling a home to a real estate investment company.
Investment companies buy homes as they are. You might be in desperate need of money or want to move out of your current state. It will be wise to sell your home. In such a situation, it would be illogical to pay for repairs and renovations on the home. All you will need is buyer willing to pay for the home in its state. Worry not as real estate investment companies look for outdated homes. Most probably, they stand a better chance of flipping and renovating the home in the best way they know.
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. With an investor, you will not have to wait for more than two weeks before closure. Going for a buyer who requires a mortgage will mean a close within two months or more. With an investor, you will not have to deal with long periods of waiting for mortgage approval. Also, they are quick as you homeowners do not need to put effort into marketing.
Investors pay cash once the deal is closed. In most cases, a real estate agent will find you a buyer who will apply for mortgage. Unfortunately, such an option comes with uncertainty. At the same time, if you get a buyer who has a loan preapproval, the lender might refuse to fund the purchase of the home. However, you should protect your interest by asking the investor for proof of funds. Their bank account balance and liquid assets will give you such information. It would be best to proceed to ensure that the amount is way higher than the cost of your property.
You will get to enjoy a simplified home selling process. If your home has legal issues, worry not as the investment company will fix them. Besides, they will take care of any needed research and paperwork. Lastly, there will be no chance of hidden costs.