Letting an Investor Buy my House
 

When you’re planning to sell your house, you probably first think of listing your home with a realtor who will help you put it on the market. But this method can be time-consuming and more expensive than you realize. Fortunately, it isn’t your only option. Instead, consider selling to a home investor.

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 languish 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.

The Big State Home Buyers difference:

Big State Home Buyers is ready to buy with cash and close the deal right away. This can be quite the advantage, especially if you’re in a situation where you need to sell fast. We present you with a no-obligation cash offer for your house within 24 hours, and in many cases sellers walk away with money in the bank only a few days later.

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. 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.

The Big State Home Buyers difference:

Big State Home Buyers will buy your home as-is, in any condition, so you don’t have to spend the time and money on improvements. If repairs are needed, we adjust the purchase price accordingly and take care of getting them done after the sale is complete.

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.

The Big State Home Buyers difference:

We never charge any hidden fees or commissions. Period.

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.

The Big State Home Buyers difference:

Selling your home to us could help you avoid foreclosure and give you the cash you need to move on.

5. Help with inherited property

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 Big State Home Buyers difference:

We can buy your home and even arrange for a moving company to help you clear out the house. Big State Home Buyers can also assist you in navigating the legal process if you’ve inherited the house without a will and are working through title, lien or tax issues.

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.

The Big State Home Buyers difference:

When you sell your house to Big State Home Buyers, we take care of the nitty-gritty for you. Because we purchase the property as-is, you won’t have to lift a finger unless you want to. You’ll save time and the cost of paying a cleaning service to do the dirty work. Simply take what you’d like to keep, and leave the rest for us to dispose of. Whether you’re dealing with your own home or are faced with sorting through a deceased loved one’s years of accumulation, we make selling your house easy.

Contact Big State Home Buyers today and we’ll assess your house within 24 hours. You could receive the fairest cash offer possible on the spot and close within as little as 5 days. We’ve a local, reputable company with experienced employees who will gladly answer any questions you may have.

Big State Home Buyers is an award-winning home investment firm based in Houston, Texas. We are an accredited member of the Better Business Bureau, where our steadfast commitment to customer satisfaction has earned us an A+ rating.

Sources:

https://www.youtube.com/watch?v=-BiseTX4BOw

http://www.forbes.com/sites/zillow/2013/10/29/pros-and-cons-of-selling-your-home-to-a-real-estate-investor/#3b8549c3291f

http://www.realtor.com/advice/know-facts-before-selling-your-home-investors/

http://amanzano.realtytimes.com/advicefromtheexpert1/item/38424-5-benefits-to-selling-your-home-to-an-investor-if-you-need-to-sell-fast

http://www.realtor.com/advice/real-estate-commission-explained/