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There is a big difference between selling your house on your own, putting it on the market through a real estate agent, or selling it to an investor. There are many reasons why you may select to go one way and not another. For example, you may need cash quickly to take care of an emergency, you may have to move to another city with your job and have no time to waste or you may simply be ready to go on with your life and leave this house behind. Whatever your reason, it is important to understand why selling it to an investor is a good option and how much you expect to receive for your property.
Why should you consider selling your house to an investor?
Sell “As Is”
There are plenty of advantages to selling your house to an investor. Among them, the fact that you can sell your house “as is”. This means that you do not have to worry about that toilet that leaks, about the paint job you had been putting off since last year, or, in general, about anything in your house that needs fixing.
No Inspection
Another advantage of selling your house this way is the fact that the investor will not ask for an inspection. They understand that some problems may pop up after the sale and are fine with this. After all, they are buying the house to remodel it and sell it and have taken into account that possibility when planning their budget.
No Need to Wait for a Mortgage
An investor will buy your home for cash. This means that they need no pre-approval or pre-qualification from a bank or mortgage lender. Why does this matter to you? Because you will not have to waste any time waiting for their mortgage to come through. Also, there is no risk of the sale falling through because the buyer does not get approved or does not have the funds to purchase the property.
No Commission or Closing Costs
Knowing that you will not have to have money put aside for commissions or closing costs can be very liberating. You can concentrate on the move and on what comes next since you can even choose your moving out day.
How much will an investor pay for your house?
Florida Home Buyers understands that this is an important point because, despite all of the above advantages, you still need for this sale to make sense. After all, you don’t just want to give your home away.
The investor will have to get some basic information on your house, pay a visit to the property, and then crunch some numbers. In general, they expect to make a 10 to 15% profit on the home once it has been remodeled. The good news for you is that they base their offer on the value of the property after the renovations have been done as well as current market conditions.
If you sell to a local investor, they will have their crew right there, ready to work, and can offer you a bit more than an out-of-state buyer. Sometimes, selling it to a wholesale buyer may be your better option, since they plan to resell as-is. It may pay off for you to get more than one quote.
