Sell my house for cash is a question that many homeowners have if they have reached a decision to sell their home.
When you drive around any neighborhood you will see real estate signs on the front lawn of various homes. At the same time, you probably will have noticed other signs that say “We By Homes For Cash Fast”.
Therefore, the question is whether you should sell your home the traditional way through a real estate agency or should you listen to the sell my house for cash signs?
Sell my house for cash real estate investors can provide you with some advantages. A real estate investor has the ability to offer you a flexible payment options.
Some of these flexible payment options include cash, certified funds, pre-determined scheduled cash payments, or they can assume an existing mortgage in its entirety.
A homeowner may find one of these options attractive and therefore sell their home to a real estate investor.
Another advantage to using a real estate investor is that many of these investors will pay the entire amount in cash.
This can be beneficial due to the recent financial restrictions and tightening. Also, there has been a a growing number of complaints about various real estate agencies providing low appraisals. Therefore, a cash option is often very attractive to a homeowner.
Another advantage to selling your home to a real estate investor is that you can sell your home as is. Real estate investors do not really care about whether your property is attractive or not.
This is usually the opposite with a real estate agency because the first thing that a real estate agent will tell you is to spruce up your home so that it can sell easier.
Many homeowners do not have the funds necessary to do any sprucing up of their property and therefore the alternative of selling to a real estate investor is appealing.
Another advantage when using a real estate investor is that the transaction can close within seven days.
This is possible because the property will not be reliant on appraisal values, proof of financing, home inspections, and so forth. All of these time delaying procedures will be bypassed and therefore the entire process will be expedited quickly and smoothly.
Like everything in life there are disadvantages as well as advantages. Some of the disadvantages when using a real estate investor is that these type of investors do not need a license to buy.
Some real estate investors are corporations while others are simply individuals. Anyone who is a real estate investor will probably be buying your home so that they can do a quick resell.
Therefore, the disadvantage is that you will not receive as much money as you could if you sold your home through traditional methods.
Another disadvantage is that there are many scam artists in the market posing as legitimate real estate investors.
You will be dealing with probably your largest asset and with any financial transaction there is a risk of fraud but the risk becomes higher if you happen to deal with a scam artists.
It is always advisable to check the name of the real estate investor or his company with the Better Business Bureau. By doing a little bit of research beforehand it could save you a lot of grief later on.
A real estate investor will have certain costs and those costs will be factored in before he presents you with an offer. They also will be taking a risk by purchasing your home “as is” and therefore this will make their offer even lower.
Homeowners who require a quick sale often are motivated no matter what the price. Therefore, you can be assured that the real estate investor will not be paying fair market value for your home. However, as with any financial transaction it is a buyer beware situation.