Homeowners are usually considering three options when they are selling their home. The first is to hire a realtor and turn the process over to the professional, the second is to sell the home themselves- normally to save money, and the third is to sell to an investor. There are many advantages to selling directly to an investor.
If a home owner is selling for a specific reason such as to settle a divorce, to relocate or to avoid foreclosure, then time is their biggest disadvantage. They don’t want to wait for several weeks or months of open houses to generate an offer or two. They want to make a deal quickly and be able to move on with their plans. Selling to an investor normally results in a closing time of about seven days.
In addition to tight time constraints, some sellers require other terms that other buyers wouldn’t consider. As an investment buyer, terms such as all cash, monthly payments or cash to cover late payments to avoid foreclosure are not out of the realm of possibility. An investor is looking at the home for its resale value and is willing to agree to a more creative deal than a bank would.
Also, investment buyers do not require a turnkey home. Being in the business of buying, renovating and reselling means that these buyers are willing to overlook damage or repair issues to purchase your property. Fire damage, termites, mold or other larger repairs tend to scare off buyers and banks but an investor is used to these types of repairs and has an understanding of the cost of the repairs, the time frame to complete them and the potential of a home after repairs are completed. This makes selling an older or damaged home easy and fast for the current owner and offers the investment buyer the opportunity to make a bigger improvement in the home prior to reselling it.
There are many different reasons to sell your home. But if you are looking for a fast closing, unusual terms or are trying to sell a home that needs major repairs or renovations, then an investment buyer such as phoenix home buyers group is a great place to work with. Just visit www.phoneixhomebuyersgroup.com to learn more.