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If you are thinking about selling your house, you must be considering who to sell to and how to sell it. This article will help you understand the advantages of selling your house to an investor instead of a traditional buyer.
When selling your house, you have several options to choose from:
Selling your house fast
Selling your house fast is one key advantage of selling your house to a real estate investor rather than a traditional buyer. When selling your house to a traditional buyer, the agent have to find a buyer first to start the selling process. It may therefore take several months to get a traditional buyer and if you are in dire need of money, this could not be the ideal option for you. Selling your house to a real estate investor saves a lot of time because it only takes a few weeks depending with the real estate investor you are working with. Unlike traditional buyers, investors are professionals and they have a good networking which enable them have potential buyers. They already know whom they are going to sell the house to and hence they need to close the deal fast.
In addition to saving time, when you have an investor finalizing your deal, you don’t have to pay taxes and bills on that property as you wait for the buyer to be found. This can help you save hundreds or even thousands of dollars while waiting for a buyer to be found. However, don’t expect to live in the house for long because investor’s works fast enough in a few weeks!
Selling to an investor can be a significant decision to make. If you need assistance in making your decision I recommend you contact Baltimore Borders. They're an advocacy group specializing in helping homeowners just like you!
No repair costs
Most investors buy your house as it is without requesting you to carry out repairs or even cleaning. This may help you save both money and time that could have been used to fix your house. You won’t have to hire a contractor to repair your house nor will you clean it. The investor will do everything for you at a discounted offer on the selling price. The amount of money you offer as the discount for the repair may not be as much as you would have used in repair. You will also benefit from saving time and the stress of hiring and paying a contractor to repair your house. When agreeing on repair cost discount with the investor, you need to have it in writing to avoid having disagreements in future after selling the house.
Selling your house to an investor is a straightforward process where you don’t have to guess or wait for anything. Right from the start, you know how much you will get from the sale of the house and if you are not okay with it you can negotiate for a better deal. This is unlike selling your house to a traditional buyer because you will have to wait for months to sell your house and if you don’t have an agreement, you will have to look for another buyer. You may end up wasting a lot of time and getting stressed looking for the right buyer because you are just guessing. Waiting this long can be detrimental when you are in a time sentive situation like selling your house during a divorce. This is not the case with real estate investors. They are professionals, experienced and have necessary skills to sell your house.
If you have made up your mind to sell your house, there are several options to consider. Depending with your financial needs, personal preferences and urgency, an investor might be the right option for you. However, do a thorough research before selling your house to avoid scum or being exploited.