Once you have found a home in a neighborhood you like you have to quickly get your own home ready to sell, find a realtor, clean up your home, make any repairs that will enhance your home and make it saleable. This takes time which you may not be able to afford and increases the stress level at the same time.
Use an Investor
An investor is someone that invests money to make money. In this case the investor would either buy your current home from you or extend bridge financing to you. Either scenario will help you make a firm offer on the home you want to move to. There are advantages to using an investor. For example, you save on commissions, repairs and other expenses associated with getting your home ready to sell.
Investors in real estate usually buy a home with the intention of renting it out or reselling it at a profit. They are looking for another source of income and they have money they want to put to work. In most cases you can sell your home fast, they pay cash, and you avoid expensive commissions. You can use the proceeds to purchase your new home!
Advantages of a Quick House Sale in , MD
Selling a home using the normal process often involves home inspections, financing approvals for the buyer as well as sales commissions and legal fees. This all takes time and many people lose the opportunity to purchase the home they are interested in. Selling to a home investor greatly simplifies the process.
Investors often purchase you property with cash so there is no need to orchestrate complex financial arrangements. They will purchase the home as-is without the need to make expensive repairs etc. Some investors can even close a sale in as little as a week! This provides the seller with the opportunity to place a firm offer on the home they are interested in purchasing.
Additional Information to be Aware of When Selling to an Investor in , MD
Ideally every transaction should be a win-win for the seller and the investor. There are some issues that should be considered before consumers pursue this path.
- Selling Price – Investors are looking for a deal and they know that sellers are anxious to sell. While a quick sale is attractive, the offer price may be lower than what sellers were expecting. There is a trade off between selling quickly vs. carrying a home for several months and also completing expensive repairs to help it sell. Sometimes when you do the math, the net result is not that much different.
- Scams – Watch out for scams from investors and companies that try to take advantage of sellers who are in a rush to sell. Do some research and check online reviews. Dependable Homebuyers prides itself on being upfront with our customers and maintaining an ethical reputation.
- Make the Best Decision – Be smart and careful. Do your research and if you still have questions or are feeling uncomfortable, take the time to further investigate. Evaluate the risks. Do you really need to sell your home fast? Can you afford to go the traditional route in selling a home or will using an investor make it easier to sell your home and move?
- Always keep your best interests in mind – Do the math to make sure you are making the right decision financially. Assess all of the risks of using an investor vs. selling your home using the traditional method and make the right decision. Dependable Homebuyers can help provide all of this information you need and also connect you with investors who are interested in real estate investments.