Selling a house can be a long process. Usually, house sellers would turn to a realtor or a listing agent to put your property in the real estate market for sale. However, expect to shell out some bucks during the entire process of selling it. At the same time, it may take time to sell your property, considering that there are also other properties on sale under the same realtor or agent.
If you are based in New York, it may be a good idea to sell your house to a home investor instead. For one thing, turning to home investors can lessen your stress during the entire process of selling your property. This can also shorten the time of selling your property because you will be directly selling it to the investor, who may either be a part of a company or working on his own.
But before that, it is important to know the difference of selling to a home investor and the traditional way. This is to ensure that you are only dealing with a trusted and professional real estate personnel and not a con man who will only take advantage of your property.
Benefits of selling the property to an investor
Although selling to an investor may be an unconventional option, it is something you may want to consider. Here are some reasons why.
1. Speed of transaction
Unlike selling the property to a realtor, selling to a home investor can cut the selling process in half. This is because most home investors would buy your house, no matter its condition. They will be the one to take care of renovations and fixes when needed and decide whether to resell it or keep it to themselves. On your part, it can be fast money for you.
2. No need to pay fees
Real estate agents and realtors don’t work for free. They earn commissions for every property sold. In some cases, you may have to pay a certain fee so you can sell your property. This is not the case when selling to a home investor.
3. To Avoid foreclosure
If you are in danger of losing your house due to foreclosure, you can opt to sell your property to a home investor. It is a good way to earn quick cash and move on from the threat of foreclosure.
Traditional real estate buyers vs. home investors
The former pertains to those who are looking for a place to live. That includes you during the time you are looking for a property you can call home. Traditionally selling your house may not necessarily guarantee that the deal will be closed and deemed final. There may be cases wherein everything has been complied with, but the buyer won’t purchase the property in the end.
The latter, on the other hand, buys houses as part of investment or business strategy. Individual home investors may have around one or two home investments. They may either keep the properties to themselves or do some renovations or repairs and then resell it. Meanwhile, home investment companies usually buy residential properties in bulk.
Make sure to deal only with trusted investors. You should do your own research to avoid getting scammed in the end.