There are multiple ways to sell your house. The traditional route involves using the services of a real estate agent, an alternative is to try to market and sell the house on your own, or you can sell directly to a real estate investor.
If your house requires extensive repairs, is completely outdated, or you find yourself in a situation that forces you to sell quickly, selling to an investor may be your best option. There are many advantages to selling your house to an investor, including:
- Fixing up a house requires knowledge, skill, and money, usually lots of money. Selling to an investor allows you to sell your home in as-is condition, relieving you of the burden of a major renovation project.
- Most investors are able to pay cash, meaning you’ll receive your money within weeks, instead of months like with some of the other routes mentioned above.
- Investors are more likely to accommodate special situations. If you need to close on a specific date, most investors will allow you to close on a date of your choosing.
- In many cases, if there are liens or other legal encumbrances on your property, an investor will still buy your home, and you will not have to clear these problems.
- When selling to an investor, there are no commissions. Additionally, most investors will assume all costs associated with closing. More often than not, the sale price you and the investor agree to is the amount you will receive upon closing.
It’s always best to consider all of your options when selling your home, but if you’d like to forego a major renovation project, don’t have the time to market and sell the property on your own, or need to sell quickly, selling to a real estate investor is something you should consider.