Selling your home to an investor is the opposite of working with a traditional real estate agent. You won’t list your home on the MLS either, which is the main database that real estate brokers research.
Think of selling your home in Washington to a home investor in a similar fashion to selling your car without any help. You take photos of your car, post it on various websites, and determine the price based on similar makes and models in the same condition.
However, if your car is in need of repairs, you might consider reducing the price. Of course, you could repair it and try to sell it for a higher price, or you could sell it to a dealer and let them invest the time, energy, and money into getting the car ready to put back onto the market. In a way, selling your home to an investor is very similar to selling your car to a dealer,
Why Would I Sell To An Investor
There are plenty of reasons why one might choose to sell to an investor, including:
- Foreclosure: You may need to sell your home quickly if you are facing foreclosure and need the money now.
- Inheritance: If you don’t want to deal with your home being vacant after inheriting it from a family member, you may sell it to an investor. Homes that sit vacant for a long time will require you to pay capital gains taxes once they sell.
- Quick Move: If you need to move right now, you’ll have a far better chance negotiating a timeline with an investor to shorten the closing -process.
- Major Repairs: If your home needs major repairs or is extremely outdated, you might not be able to afford to renovate it.
- Life Circumstances: You might be dealing with work relocation, divorce, a new child, the loss of a loved one, or other life circumstances that require you to move.
What Are Home Investors?
Home investors are individuals or companies that buy and sell homes for profit. A home investor will purchase a residential property to rent or flip. A lot of the time, they will purchase properties in bulk.
Due to the fact that this is the business home investors are in, the negotiation process differs as well. It is typically much faster and easier for home sellers to go this route if they are in one of the situations above.
Final Thoughts – Should You Sell Your Home To An Investor?
There are plenty of options that you have when it comes to selling your home.
When you sell to an investor, you must do research and make sure that you understand the pros and cons before proceeding. If you’re interested in selling your home with an investor, make sure to give us a call here at HelloPad and we can walk you through the process.
We are one of the most trusted home investors in Washington state and have helped thousands of home sellers reach the next steps in life with our fair and easy home buying.