In all likelihood, you will have been left bewildered by the current state of the property market. Lots of homeowners are unaware of any other choices, apart from using a realtor, when they want to sell their home. This situation is quickly changing, however. If you have ever seen a sign that reads “We Buy Houses Cheektowaga”, you will know that real estate investors are always on the lookout for new properties. These investors represent a feasible option for homeowners, and are becoming more popular for this reason. A real estate investor can put your mind at rest by purchasing your property quickly, enabling you to get on with the rest of your life. Irrespective of your property’s condition, an investor will snap it up without a second thought. Here are some further advantages of selling your home in this way.
Usually, investors do not have to get approved for a mortgage, so you will not have to wait around worrying about whether the bank will allow them to receive a loan. Most investors are cash buyers, and – because they do not require mortgages – they can complete transactions far quicker than a conventional buyer. Typically, sales are closed in under thirty days with investors. In some cases, they are even closed in less than fourteen days. Although an investor will probably offer you less money than a conventional buyer, the speed with which the sale is made makes this an attractive proposition for many homeowners.
Occasionally, investors offer more than just quick cash payments. Some of them provide other services to homeowners too, like clearing up the title and cleaning the building. Based on your particular situation therefore, selling your Cheektowaga property to an investor might be the best option available.
Selling to an investor means that you avoid having to pay the commission that you would otherwise need to pay to your realtor. No fees are charged when dealing with investors. Therefore, the offer you receive for your home is the sum total you will get on the closing date of the property’s sale.
No investor wants to waste their time or yours, because they are keen to move onto their next deal as soon as possible. An investor’s time is valuable, so they want to avoid frittering it away by arguing about minor details about properties they are interested in. This is beneficial to homeowners, because they will not need to spend much time discussing quotes with investors. Instead, they are likely to receive an offer on their property within a couple of days.
In contrast to a conventional buyer, who may want their new home to be in an ideal condition, ready for them to move in, an investor will not request any repair work to be carried out on your property. Actually, investors often prefer it if repair work is required. Be aware that this will be a factor that influences the offer an investor makes.
Certainly, one of the biggest advantages of investors, and reasons why so many homeowners who want a quick sale of their properties use them, is because investors purchase properties in an ‘as is’ condition. If the foundation is weak or the roof is falling in, investors will not expect you to fix this before you sell. Moreover, you will not need to perform inspections and hire an inspection firm to assess the house before the sale. Also, in the event of any credit problems, liens or similar legal issues, a real estate investor will still buy the property from you. You will not have to resolve these obstacles in order to get them to agree to purchase your house.
The term ‘as is’ means what it says — the investor will buy your home in its’ current condition, on the agreed upon date, subject to the offer and terms they discuss with you. If you are someone who just does not wish to carry out work on your property, lacks the time and money, and would rather forgo the entire process, an investor is the best option to sell your property. Everything happens fast, there is little work required on your part, and you get the highest offer for your property – depending on its’ condition and market value. Better still, you do not have to contact numerous inspection firms to examine the property before selling, because investors will deal with this subsequently.
Investors allow homeowners who are finding it difficult to make their insurance, tax and mortgage payments to avoid financial ruin, while their homes are on the market. Also, investors can help if you have to move quickly to another area, but are stuck in your current location because your house is not attracting any interest from prospective buyers. An investor will buy your home without worrying about its’ present condition, so you can complete your move to the new area promptly without being delayed. If your home takes longer to sell than you expect, you still have to make all the relevant payments relating to taxes, insurance, mortgage and other costs associated with property ownership. These costs can add up significantly over time.
If you need cash immediately, or wish to sell your property soon for a different reason, it could be wise to contact a real estate investor. As well as avoiding the commission that you would have to pay a realtor, it demands considerably less effort and time from you as a homeowner to complete the sale. Also, you do not have to stand around twiddling your thumbs for ages, waiting for offers to arrive. Most real estate investors will get the process moving immediately, and make you a good offer on your property.
All homeowners can lower their risks when selling to investors, by carrying out reference checks and general research. The BBB (Better Business Bureau) is a helpful resource in this respect. Once homeowners have completed some basic due diligence, they can sell their properties fairly quickly by contacting a reputable and dependable investor.