Have you ever seen those signs along the road claiming ‘we buy houses in Chesapeake: any condition accepted?’ You probably have because these companies like to advertise wherever they can. Investors have found that many homeowners who need money, need to get out of their mortgage and get rid of their home for a variety of reasons. Regardless of why, these investors can be highly beneficial to you.
If you choose to work with a real estate agent, you’ve got a lot of work to do. They require inspections, and if they don’t, the buyer is likely to do so. Therefore, you have to have someone inspect the home, and they’re likely to find issues. In most cases, the potential buyer wants you to fix the problems, or they may not purchase the house or may negotiate a lower price. Either way, you make less or have to spend thousands of dollars you don’t have to make upgrades.
With a home investor, they don’t mind what condition the house is in; they’re likely to make you a cash offer within a day or two of viewing the house. Leaking roofs, appliances that don’t work, and other problems can be rectified by their construction team later; they buy the house for a reasonable cash price, and you get to walk away from the problem.
With a real estate agent, they are going to prettify the home before listing it. Once it is listed and they start advertising, it can take months to find an interested buyer. Even if there are no negotiations, the deal can fall through if the bank doesn’t approve the loan. Investors don’t have to deal with loans and banks because they have the money upfront; once you get an offer and accept, you can close the deal within a few days.