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How Real Estate Investors Buy Homes

by Marquette Turner Luxury Homes

in Features, How to, Real Estate Radar, Variety

Some people want to avoid the hassles of selling their houses. These hassles can include involving a third-party entity such as a bank or a real estate agent. There are a lot of people who want a fast sale without the need to sign up lots of papers and get hang-ups on loan processes. There’s the opportunity to purchase office space in Australia of course, but for this article we’ll be looking at residential real estate. More information about selling houses faster in this link here.

The traditional path to selling houses is getting a real estate agent. However, there are a lot of downsides in this route especially if you are in a hurry to sell your property. This is where investors come into the picture. There are a lot of reasons why you should contact an investor that is qualified to purchase your house in cash. 

What do Investors Do?

They can purchase the house in cash in as fast as 7 days. They provide cash which comes from private funds which will remove middlemen such as real estate agents and banks out of the equation. The investor purchases the property as-is and you don’t need to do any repairs or makeovers. 

Also, investors purchase the house outright. In addition to this, you won’t have to look for creative ways to purchase homes when you have cash on hand. This means that there’s no need to tap into your retirement account or borrow money from friends when you are buying a new home. 

The house will sell fast, and they are transparent in the whole process. You don’t need to wait for someone who will notice your house on real estate listings. You don’t need to be misled that a buyer is already eyeing your home, but the reality is no one has made an inquiry yet.

Why Sell your House for Cash

1. Sales Will Go Through

Most homeowners are in a hurry to get rid of their property. There might be interested buyers, but they will be going back and forth with the sale. They might decide on a price, they might change their minds, and they have to answer a lot of questions. 

When every question has been answered, homeowners will wait for weeks. They might be disappointed when the homebuyer was not qualified to take a loan. There are also last-minute decisions where buyers might be interested in another offer from a different seller.

With a cash deal, you don’t need to think about the loan application and credit qualifications. You can sell your house outright and you will walk away with a good deal. You are sure that the sale will go through and you won’t have unnecessary headaches.

2. The Process Gets Shortened

With a loan, you have to undergo house inspections, fill up a lot of paperwork, and credit checks. You might close the deal in seven weeks, and this is if you have an immediate buyer and the bank approves his loan.  The financing company will need to do background checks and inspect on credit ratings to the buyer. The whole process is lengthy, and some home sellers do not have the time to wait for banks.

On the other hand, one of the advantages of getting a cash sale can be closing the deal in just a matter of days. In these kinds of deals, the transactions are usually quick and painless. You just have to make the deal, get the cash for the agreed value of your home, and everything is done.

3. As-Is Selling

When banks finance a buyer, they want to see that the property is actually worth the loan. More about bank financing here: https://www.nibusinessinfo.co.uk/content/types-bank-finance-businesses.This is because they want to recoup their losses once the buyer fails to pay his monthly mortgage payments. Therefore, a formal appraisal is usually done, and the price depends on the appraiser. You might have to spend a lot on renovations and interior decoration if you want to sell your home at a bigger price.

However, when it comes to investors, your house sells as-is. You see what you get, and you can avoid the extra hassle of renovation. You would not also need to spend on something that will not be of use to you in the future. Sellers who are in a hurry can opt to find an investor who is willing to pay cash for their property. 

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