6 Advantages To Letting An Investor Buy My House

Investor shaking hands

The traditional method of selling your house involves contacting a realtor who will place your home on the market.This process can often be complicated and expensive making it inconvenient for you. Luckily, there is another option available for those looking to sell their homes, consider selling to home investors.

Selling the traditional way

You may have to make necessary improvements, investing money in repairs and sprucing up the property’s curb appeal. Your home may remain on the market for months while you’re still paying for your mortgage, utilities, and home insurance. When you do get an offer, your prospective buyer is unlikely to pay your full asking price. He or she will likely ask for an inspection or demand that you make further repairs or improvements. After all this, the deal can still fall through if the buyer experiences financing issues.

The home investor difference

Selling your home to an investor may not be an option you’re very familiar with, but it is definitely one worth considering, especially if you’re looking to sell quickly. But there are other advantages, too, that make selling to an investor a great choice.

1. Speed

Listing a home with a realtor can be a time-consuming process. Your home may be marketed through advertising and open houses, with an average listing agreement of 6 months. Once you finally find a prospective buyer, he or she will probably have to qualify for financing, which can create further delay or even cause the deal to fall through. Private buyers also often make the sale contingent on your home passing an elaborate inspection – which is not always guaranteed, especially if you have a fixer-upper or an older home on your hands.

Wasatch Home Buyers can make you a fair cash offer on your home and close quickly. This is a HUGE advantage if you are in a special situation that requires flexibility in the selling process, or if you simply want to get your house off of your hands.

2. No need to put more money into your home

If you’re selling a home to a traditional buyer, odds are the future owner expects his new home to be in tip-top shape. You may find yourself paying to replace flooring, install a new roof, paint inside and out, improve landscaping, and take care of countless other time-consuming and expensive improvements that you wouldn’t have to worry about if you were selling to a home investor. Worse still, you may be squandering precious dollars with no guarantee that these fixes will result in a sufficiently high sale price so you can recoup your investment.

Wasatch Home Buyers works with you to buy your home as-is. This means that we are interested in your house regardless of the condition, so you won’t need to spend time and money on improvements! When a house is in need of repairs, we work with you to adjust the purchase price and take care of repairs after the sale.

3. No commission fees

Understandably, a real estate agent doesn’t work for free. When you list your home with an agent, you’ll either pay a flat fee or, more commonly, owe a commission based on an agreed-upon percentage of the selling price – usually 6%. This means that if you’re selling a $200,000 home, your agent stands to make $12,000 from the deal. This percentage holds true whether your real estate agent goes to great lengths on your behalf or seems to have little involvement.

So what about the for-sale-by-owner route? While you may be tempted to try and sell your home to an individual buyer on your own, this can be a complicated undertaking. You’d have to perform market research, create and implement a marketing strategy, vet prospective buyers, and draw up a pretty intimidating stack of paperwork.

Wasatch Home Buyers will make you a fair cash offer for your property. We never charge any additional fees when buying your house.

4. Ability to avoid foreclosure

If you’re behind on your mortgage payments and your lender is threatening to foreclose on your property, you’re in a stressful situation. Sometimes it is possible to negotiate more favorable loan terms with your lender in hopes this will ease the financial burden and you’ll be able to keep the house. A loan modification may not be approved, however, and by the time your lender makes this decision, you’ll be even further behind on your mortgage, which in turn increases your risk of foreclosure.

At Wasatch Home Buyers we GUARANTEE our offer an can have a check in your hands in as little as 5 days. This can help you avoid foreclosure and will put cash in your hand

5. Help with inherited property from home investors 

If you’ve inherited a house and already have a home of your own, you may find yourself needing to sell. If the house remains unoccupied, it can be harder to insure and be vulnerable to theft, vandalism, or damage due to lack of maintenance. This, in turn, may result in depreciation and make the house more difficult to sell when you’re ready.

The Wasatch Home Buyers team is here to help you navigate the legal issues that may arise when working with an inherited property.

6. No need to clean

Traditional buyers want a home to be immaculate when they move in, meaning hours or even days of cleaning, polishing and scrubbing a house you won’t even live in. An Investor does not worry about buying an immaculate and clean house, they are not looking to live their either.

Selling with Wasatch Home Buyers

There are lots of situations where we can help, including… avoiding foreclosure, divorce, relocating, inherited an unwanted property, own a vacant house, upside down in your mortgage, behind on payments, owe liens, downsized and can’t sell your house, needs repairs you can’t pay for, fire damaged, bad rental tenants, and more.

Basically, if you have a property and need to sell it… we’d like to make you a fair cash offer and close on it when you’re ready.

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Sources:

http://www.bigstatehomebuyers.com/6-advantages-to-letting-an-investor-buy-my-house/

 

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