The Top 5 Reasons to Sell Your House to a Real Estate Investor
In today’s market, with employment uncertain and prospects in flux, you never know when you are going to need to sell your house fast in San Antonio. Many Americans are just a paycheck or two away from losing the ability to make payments on their homes, and when people lose jobs or lose the ability to work, often they find themselves falling behind on their mortgages
. Instead, check out these benefits that come from selling your house to an investor.
1. Investors can close quickly.
Is there already a foreclosure date set for your home? If you call an investor, that is often the only way to keep the foreclosure from happening. Most committed investors have plenty of cash on hand or links to other investors that can provide the money to close quickly, even within a few days but often within two weeks. If you need to sell your house fast in San Antonio, investors are definitely your best bet. Even if the investor plans to utilize a conventional loan, he likely plans a significantly larger down payment with a bank that he already knows, which means that the funds will not vanish at the last minute.
2. Investors are experts at managing short sales.
If you have to sell your home for less than what you owe on the mortgage(s), you are doing what is known as a short sale. Going through your bank to do this can take a very long time, because banks are less and less willing to approve these types of transactions. Most real estate agents lack the expertise to make this happen quickly, and even with their best intentions in play, they can make a mistake that ends up costing you your home. Finding an investor who knows the process can make this easier and quicker.
3. Investors offer referrals to a wide range of services.
Often, real estate agents lack the expertise and the connections to help you with your business dealings in the time frame you want. Most investors in San Antonio have connections with a credit repair agency, a bankruptcy lawyer, contractors to get work done on your home, and links to insurers. In a time when mortgages are increasingly hard to find, investors have connections with loan officers who are willing to do business with their associates. Investors can build bridges when it seems like none are available for you.
4. Investors won’t waffle because of a trifle from the home inspector.
If you have major cracks in your foundation, no one is going to buy your house from you unless you pay to have it fixed or make a major concession in the price to cover the cost for your buyer, and investors are no different. However, those small cracks in the wall, that cracked face plate in the guest bathroom, or the iffy paint on the bedroom ceiling are not going to scare away an investor. He is buying your house at a discount already, so he knows that he may have to fix up a problem or two before he can turn the house around. Because he can get that job done more cheaply than you can, he’s willing to buy your house and then bring in his contractor to finish the work, and then turn the house around with a sale.
5. Investors provide referral bonuses in many
After you find an investor who helps you sell your house fast, if you refer others to him, he is likely to kick you a referral gift as a way of thanking you for helping him turn another profit. Investors are not just looking for one house, after all. They make their living by turning around homes in volume, so the faster you can get referrals to him, the better his business is going to be.
No one wants to be in a position where they have to sell their home quickly. However, if you find yourself in that spot, knowing an investor who will buy your house saves you a lot of heartache in the long run. Finding the right purchaser for your home can keep that foreclosure from hitting your credit and get you back on the road to financial security much more quickly.