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Thinking of selling a home to a cash buyer, but find yourself wondering how investors buy houses?
When it comes to selling a property, homeowners want to ensure a stress and hassle free sale. They want to be able to sell their home at the ideal asking price and walk away from closing with the ability to move on without strings attached. Unfortunately, not all home sales are quick and convenient. They often come with a long battle to please potential buyers. Fixing up the property and hosting endless showings can become a financial burden, and emotionally overwhelming. For sellers wanting to simplify the selling process, learning how investors buy houses is essential.
Most homeowners envision their property being sold to the typical buyer: a family or young couple with the desire to live happily ever after in the home. However, individual buyers aren’t the only option when listing a property on the market.
Many house buyers are professionals with interest in the property’s potential. These real estate experts are investors, often making fair cash offers exceeding the homeowner’s expectations. But how do investors buy houses with cash? These investment companies and individuals will purchase resident homes needing renovations to eventually resell at a profit or boost their property portfolio. As with any major life decision, there are both advantages and disadvantages in selling a property to an investor. It’s vital to outweigh both before making any concrete action.
The benefits of selling your property to an investor are numerous and will likely appeal to most homeowners. We buy houses companies and other investors are unlike traditional house buyers with their lack of buying limitations. Whereas a traditional buyer is typically forced to get a loan or other financing to purchase the property, investors will use cash on hand. This allows sellers to skip waiting for the lengthy financing process and move on with ease. For a homeowner looking to close fast, this is one of the best reasons why to sell a house to investors.
Another major perk to utilizing an investor’s services is their ability to offer flexible buying arrangements. Unlike traditional house buyers, many we buy houses companies are willing to take over a homeowner’s financial burden as an added bonus to selling. They may be able to take over the homeowner’s mortgage, which is especially beneficial to sellers that are underwater or have had their home on the market for a while.
Perhaps the biggest advantage to selling your property to an investor instead of a traditional buyer is their desire to buy a home as-is. Sometimes homeowners are unable to make necessary home repairs due to cost. Other times, they’ve inherited the property already damaged and wish to sell immediately. Whatever the scenario, investors will happily gobble up severely damaged properties, including rentals and inherited homes. For a seller with the financial burden of owning a dilapidated property, investors are an attractive option.
Like with any major financial decision, there are limited disadvantages to selling a home to an interested investor. For instance, some scammers pose as investors willing to submit an offer. However, these illegitimate buyers are more interested in tying up your property in purchase agreements than actually closing the sale themselves. Unfortunately, investors aren’t legally required to expose who is making an offer and their intentions; this legal loophole allows many scammers to actively fool the seller without any consequences. Many sellers also find themselves needing to vet investors more than traditional buyers. This extra bit of time spent on researching before a sale can be a costly and an ineffective waste of time for many homeowners.
Now that you can identify the major benefits and few disadvantages to selling to an investor, it’s time to learn how to sell to house buyers. Thankfully the process is simple due to the investor’s focus on finding ideal income properties. Transforming your home in hopes of appealing to the traditional buyer can be difficult; it often means updating the property and providing curb appeal that attracts the average buyer. Investors are less picky and look for a couple key factors before making a deal.
Investors generally search for homes that need work in superb locations. Properties that are undervalued due to extensive damages are a great deal for investors willing to renovate before reselling. Homeowners that have become landlords are also ideal potential sellers; their tenant-occupied rental properties are desirable nuggets of potential profit to a serious investor. Homeowners with any of the properties described will with little problem attracting a local investor willing to make a deal.
Before finalizing the deal, it’s important as the seller to carefully look over the agreement. While most investors are professional house buyers with no intention to mislead the homeowner, some will put in substantially lower bids or change other agreed upon details. If selling an FSBO, it’s especially important to have an expert read over the contract before closing.
When it comes to how investors buy houses, the process is simple. If the local investor doesn’t make initial contact, a homeowner can inquire about the house buyer via an online form or obligation-free phone call. After making contact, the investor will set up a home visit to assess the property to calculate a fair price. Once the investor has considered the purchase cost, including comparing it to other homes of similar size in the neighborhood, they will submit a cash offer. There are no stipulations or contingencies involved; the investors want to buy the home as-is and provide the seller the means to move on. Once the offer is thoroughly looked over by the seller and accepted, investors ensure closing within a week or at the seller’s earliest convenience. It’s that easy.
Working with a professional investor is a hassle free experience for homeowners interested in simplifying the selling process. The benefits far outweigh the possibility of scammers. Investors are meant to be empathetic problem solvers and experts in the housing market. They can provide cash offers that expedite the sale and free selling advice for unsure homeowners. If you want to know how investors buy houses hassle free, it comes down to their desire to guarantee a speedy sale while providing efficiency and professionalism.
Then you’ve found the right people! At ODD Properties, LLC, we understand that selling your house is an emotional, and stressful process. That’s why we take extra care to work with you on a timeline that’s comfortable and convenient for you. That’s how investors buy houses. It’s as simple as sending a text! Sell your house for cash fast through us.
Plus, we’re always happy to answer any questions about the house selling process that you might have. Give us a call today at 402-578-4003.