Benefits of Engaging Real Estate Investors in the Sale Process
The decision to sell a house will provide a suitable option for people that are going through financial hardship, divorce issues, foreclosure as well as relocating to new locations. In most cases, homeowners have engaged the services of realtors to handle the sale process. Real estate investors offer a suitable option to homeowners want a good deal for their houses. Owning a home is a big investment so when people decide to sell it they should identify suitable buyers that will give them a good deal. Homeowners stand to benefit in the following ways when they engage real estate investors in the sale process.
When homeowners sell their houses to real estate investors, they will not be required to undertake repairs before selling the houses. The cost of undertaking repairs and hiring different contractors such as plumbers’ roofers and painters is handled by the investors. Real estate investors will only make deductions from the original cost of the house that will facilitate the repair process and give the balance to homeowners.
By selling a house to real estate investors, homeowners are guaranteed a quick sale process. Real estate investors will give an offer for the houses within a day, a week or a month which is a short period. Homeowners that engage realtors in the sale process will be required to wait for several months before a suitable buyer is identified. The availability of quick cash will limit homeowners from engaging in excess borrowing. Real estate investors do not depend on financial institution so they do not back out the deal . When homeowners rely on other buyers; they can be inconvenienced since they will back out if the deal when they fail to secure loans.
Homeowners that are facing foreclosure are encouraged to sell their houses to real estate investors since they do not wait for foreclosure period before buying the houses. The available cash can be paid to mortgage companies in good time before the houses are repossessed. Homeowners are advised to sell their houses to real estate investor since they will not pay commission for the services. This is not the same case when realtors are involved in the sale process since they charge commissions for identifying potent al buyers. The list of expense is endless when realtors are involved in the sale process since homeowners will also be required to pay appraisal fee, inspection fees and other taxes. These additional expense may not be affordable to most homeowners.