If you have a house listed that fails to move, you may consider appealing to an investor rather than a typical home buyer. Investors often buy and sell multiple properties in a short period. They’re looking to make a fast profit, not settle down and begin a new life. Unlike typical home buyers, investors are more concerned with their return on investment (ROI), as well as 1031 exchanges and cap rates (you may want to brush up on these and other terms when approaching investors).
Investors don’t drill down to the finer points of the property; they’re not concerned about the color of the walls or threadbare carpeting. They’re worried about buying the property, then selling it fast. They could be Sell My House Fast in Dallas, other investors, or an investment syndicate. Your best route to success when dealing with investors: know your stuff. Suggest resources to help them buy the investment — perhaps financial professionals, carpenters, landscapers. Prove to them that they can depend on you for information, referrals, and support when investing.
Here are a few benefits to working with professional real estate investors:
- INVESTORS BUY HOMES AS-IS
If your home is run down, a Realtor may not even want to work with you. If they do, they may request that you complete a list of repairs before they’re willing to list and promote your home. Investors will never require that of you.
When they purchase your home, they’re already aware of what needs to be fixed. They’ll draw up an offer that reflects what they’ll need to spend on repairs. You’ll never be asked to foot the bill or lift a hammer throughout the entire process. Investors aren’t bothered by the extent of the damage. Your roof could be caving in, or you could be dealing with burst pipes. When working with an investor, water, fire, and mold damage aren’t an issue. They’ve seen it all, and they’ll work with contractors to handle the problems.
- INVESTORS CAN HELP YOU WITH FORECLOSURE.
When your home is in foreclosure, you have a concise window to Sell Your House Fast in Dallas to prevent that foreclosure from being completed. In most states, that period is about 90 days. If you know you aren’t going to settle your debts with your lender, you need to Sell Your house Fast in Dallas. Selling your home to avoid your home may still damage your credit history, but the blow isn’t nearly as significant as allowing the foreclosure to be completed.
Time is of the essence is in this situation. You’re trying to avoid a disaster. You may not have time to select a Realtor who would be willing to take on your case, and even if you do, there’s no guarantee that the Realtor you choose will be able to Sell Your House Fast in Dallas before the clock runs out. Investors regularly purchase foreclosure homes, and they’re very familiar with the process. They’ll be able to help you work with your lender to arrange a short sale and close the deal before the foreclosure period comes to an end. You might not know what to do, but an investor does. They’ll be quick to step up to the plate for you.
- INVESTORS BUY HOMES IN BAD NEIGHBORHOODS
When you purchase a home, you can pick your neighbors. There’s no guarantee that the beautiful neighbors you moved in next to will still be there when you go to sell that home. If your neighborhood has gone downhill, it’s going to be hard to find a buyer who would be interested in your home. Even the best Realtor can struggle to Sell My House Fast in Dallas in high crime areas or loud city metros.
An investor isn’t going to live in your home. They don’t care about your neighbors or how loud things can get at 3 in the morning. Their goal is to purchase your home and make it so great that they’ll be able to find a buyer who won’t care either. There’s no reason for you and your Realtor to search high and low when an investor is willing to take on that responsibility.
- YOU’LL NEVER HAVE TO RELIST
When you work with a Realtor, you agree that the Realtor will have a set amount of time to Sell Your House Fast in Dallas. If the house doesn’t sell before the period expires, you’ll have to relist with the same agent or restart the process and find a new agent who is better equipped for the job.
Investors aren’t looking to find someone else to purchase your home. They’re going to buy it for themselves. There’s no searching for a buyer. The investor purchases the home directly from you, and what happens next lies solely in the investor’s hands. They’ll find a regular market buyer after they’ve prepared the property, and by then, it’s no longer an issue you’ll have to be concerned about.
- INVESTORS PAY IN CASH
Realtors can find you people who want to buy your home, but they can’t fund that buyer. Only a bank can do that. The majority of buyers don’t purchase a house entirely in cash. They need loan approval from a financial institution to purchase your home. Sometimes, a buyer will enter the sale process and be denied the loan. You’ll have started all of the work only to find out that the buyer can’t make the purchase after all.
Investors have their own money. They purchase homes entirely in cash, and they’ll never need to be approved for a loan. What they offer you is what you’ll get. Don’t worry about hang-ups or complicated escrow processes. An all-cash purchase makes things so much easier.
- NO COMPLICATED PAPERWORK
There are mountains of paperwork when you sell with a Realtor. You’re not only dealing with your Realtor but also the buyer and their agent. Everyone involved has dues and stipulations. There are contracts to satisfy, and there’s escrow to set up. You’re going to be reading a lot of documents and singing on a lot of dotted lines.
When you work with an investor, this doesn’t happen. Investors buy directly from you, and there are no third parties to satisfy. Your home is transferring from one set of hands directly into another. This drastically reduces the amount of necessary paperwork. Whatever paperwork remains is typically handled by the investor.
- NO COMMISSION FEES
Realtors don’t work for free. The average Realtor will take a 6% commission on the Sell My House Fast in Dallas. In most cases, this is over $10,000. This makes the sale price deceiving. You aren’t going to get all of that money. If they have one, it will be split between your agent and your buyer’s agent.
There’s no reason to deal with commission fees when working with an investor. Nobody needs a cut of the sale. When working with an investor, the process is as simple as buying groceries. The goods are presented, the money is exchanged, and everyone is happy in the end.
- QUICK CLOSING PROCESS
All of these benefits culminate into one significant advantage. The lack of agents, commissions, closing paperwork, and loans allow investors to jump quickly from point A to B. Since investors already have the money they need and no one except your investor and yourself needs to walk away satisfied by the deal, the closing process doesn’t need to take an eternity.
An investor can close on your home in a week. There’s no more waiting involved. You can start packing the moment you accept an investor’s offer, and by the time you’re done wrapping up your dishes, the sale of your home will be completed.
If you still have any questions or you want to learn more about our process, please call us at any time or contact us online for your zero-obligation consultation, free of charge.