Selling your home to a real estate investor can be an efficient, simple, and profitable way to sell your property. In our latest post, we’ll discuss how it works. Then you can determine if it is the right selling method for you!
When people initially decide to sell a house, their first thought may not be selling to a real estate investor. However, the right investor can save a property owner thousands of dollars and a lot of time. Once you accept an offer, you can consider the house sold.
You do need to know a few things before working with a real estate investor. Not all investors have the 20-plus years of experience and trusted funding partners that the Tuckers have.
Preparing Your Property
The beauty of working directly with a property investor is that there is usually very little if any, prep work needed before selling a house. Most purchase properties as is, saving you the time and effort of getting it ready for sale. When you list the property, you must make it ready to list and keep it clean at all times.. But with a direct buyer this is not the case.
Almost all real estate investor buyers don’t care about your stuff. When they view your home, they are looking at the house itself, not the things in it. However, if you have rooms so cluttered that they can’t see the house, they might have to guess a little about the condition.
Your Costs
One of the major perks of working with a direct buyer is all the cash you’ll save when selling your house. You usually won’t incur any costs when you work with a professional investor. Investors typically purchase the house as-is, so you won’t need to make any repairs or perform maintenance before the sale. You also won’t need to clean, stage, or market the house, which can save you thousands
When you list your property traditionally, you still face selling costs even after finding a buyer. The appraisal and inspection might require you to make more repairs. When the property closes, you have to pay commissions and other agent fees from the sale proceeds. However, choosing a direct sale eliminates commissions and agent costs. Although you will still pay title company fees and tax prorations, most buyers factor those in. Overall, you’ll keep more money in your pocket.
The Timeframe
When you work with a direct buyer, the time saved can be surprising. It is not uncommon for houses to stay on the MLS for months. However, with a direct sale, the process is usually completed in days. We make things easy and efficient so you can sell your house quickly and move on.
A fast sale helps you avoid holding costs for the property that you would have with a traditional sale. Selling right away in a few weeks saves you money on property taxes, homeowners insurance, utility bills, and routine maintenance.
Do ask how quickly your real estate investor buyer can close and if they can close on a particular day. Some investor buyers put a home under contract and then shop that contract with other buyers to see what they might pay. If they can’t find an end buyer, they may or may not be able to purchase your house. Here at kcmoHomeBuyer, when you negotiate a closing date, we are ready to buy on that date, be it ten days from now, two months, or longer.
Not All Buyers Are The Same
When discussing direct buyers and real estate investors in Overland Park, it’s important to note that not all of them are the same. The points above are true for the team at kcmoHomeBuyer, but if you choose to work with another buyer, make sure you find out how their process works. Some buyers may require repairs to be made or that you wait to close until they have found a new buyer for your home within their network.
Before signing the contract, make sure you are asking all of the right questions so you know what to expect. What are they going to pay? When are they going to buy? How are they going to fund the purchase? What can you leave behind? How much can you take with you? What if you have to delay the closing?
Investors Aren’t Bad Guys
We have a passion for real estate and make our living fixing up properties in the neighborhoods and towns we love most. It’s true, we do this to make a profit, after all, we have bills to pay as well. But when a real estate investor buys your house, they are stepping into your shoes and taking over all the things that need to be completed: clean out the house, make needed repairs, and make updates to bring the home to today’s selling standards. And while we do that, we also have to pay taxes, insurance, utilities, and other upkeep. At the end of the day, all of those things cost money.
Here at kcmoHomeBuyer, we are a bit different. If you are reading this and saying, “My house is in great shape and needs no repairs,” you may be better served by working with our sister company, Realty Resource, and listing your home for sale. If you don’t have repairs to make and you have three or four months, it may make sense to list the home for sale to net more in proceeds, even after commissions, fees, and repairs.
It’s about helping local homeowners find the best options. The common misconception is that real estate investors are only out for themselves, but we would rather help you find the option that fits your needs. That may be a fast, as-is, cash sale to us, or it may be a longer listing with our sister company.
Once you get in touch with kcmoHomeBuyer, you’ll quickly find that we do want to help.
Selling your home to a real estate investor can be a smart and profitable way to sell. Get in touch with us today to learn more about what it can mean for you!
