Here at HelloPad, we want to give it to you straight. Selling your home to an investor can certainly have its advantages, though there are specific scenarios where it makes more sense than others.
More than ever, the idea of selling a home to an investor that buys houses for cash is very common. These cash investors are typically companies or individuals who will purchase a home with cash as-is and rent it to new tenants or flip it for profit.
For many property sellers, this scenario can present itself as a golden opportunity. However, we believe it is important that you understand what you are getting into prior to selling your home to a cash investor.
Continue reading to find out more.
The Advantages Of Selling Your Home To A Cash Investor
Compared to working with a traditional buyer, working with a cash investor is often much easier. Cash investors don’t have to waste time waiting on financing like traditional buyers. Essentially, you’ll be able to sell your house much faster in a cash investor scenario.
The closing process can be lengthy and arduous. Avoiding that altogether is a major benefit to some.
Because investors have the luxury of time and money, they can typically be pretty flexible with your needs as a seller. In a traditional selling scenario, you may not get the luxury of finding a new home before you sell your old one. An investor, however, can wait with you.
Lastly, an investor’s main interest is purchasing the property as a whole. They aren’t too concerned with aesthetics. An investor isn’t going to make you pay for repairs or deal with clean-ups. If you can’t afford to fix up your home and get it ready for a traditional buyer, an investor might be the perfect partner.
The Disadvantages Of Selling Your Home To A Cash Investor
While investors are willing to buy your home quickly, they don’t typically have the same attachment to it. Know that an investor isn’t there to love and care for your home. They may completely renovate it, put it out on wholesale, or sell it to anyone who is willing to buy it for the right price.
Secondly, you can’t expect to get the premium price for your home when working with an investor. They are there to make a profit. Yes, they should provide you a fair-price in which you may turn a profit. However, don’t expect the highest price on the market.
If you have determined that selling to a cash investor is the best choice for you right now, then you have to do a bit of research to find the best one for you. Make sure to get in touch with us here at HelloPad if so.
We are one of the largest and most reputable cash home buyers in Washington state and we can help you sell your home in as little as two weeks. We look forward to helping you reach the next step in your life!