If you have a property listed for sale, it is likely that you have noticed several signs reading:
“We Buy Homes Fast!”. Perhaps you have been approached by a real estate investor who is willing to purchase your property, instead of you working with a real estate agent.
In today’s real estate market, it is becoming more common for homeowners to sell their properties to property investors. However, not all home sellers experience real estate investors when selling properties, and this could be your first offer.
Before making a decision, it is important to consider the pros and cons of using we buy houses Charlotte investors.
What Are The Different Benefits To Property Investors?
1. Cash Offers
In the majority of cases, we buy houses Charlotte investors will offer cash for a property. Taking this into account, along with the recent tightening of financial restrictions, the option of receiving cash for a property can seem appealing.
When working with a real estate agent, the possibility of a cash offer is not always available.
2. Flexible Payment Offers
Real estate investors tend to offer the property owner various payment options, including cash, certified funds, pre-scheduled cash payments, or they will agree to take over the current mortgage in its entirety.
Based on the various options available, you can often find a solution that suits your requirements and preferences.
3. Selling The Property “As Is”
One of the greatest benefits of using a real estate investor option is that the investor is willing to purchase a property “as is”. In fact, many real estate investors are willing to purchase the house without viewing the property.
As a seller, this allows you to avoid repair or renovation costs – costs that may reduce your seller profit.
4. Quick Closing
Unlike real estate agents, the investor offers speedy closings to their property sales deals. In fact, most sales are closed within one week. This is possible because the sale is not reliant on appraised property values, approved buyer financing, or home assessments.
By moving past all of these steps, the speed of the process is considerably increased.
What Are The Different Drawbacks To Property Investors?
1. No License Is Required To Practice
One of the drawbacks to using property investors is that these professionals do not require licences to practice. While this could seem insignificant, by not having a licence you will not know if the investor operates according to a professional code of conduct.
For example, do they wish to purchase the home to resell it for a profit?
2. Sales Are Below Market Value
Real estate investors often have their own expenses, and you can be assured these costs will be included in the offered price. Investors are aware of the power behind cash offers, and the fact that they are offering an “as is ” offer increases their ability to purchase a home below market value.
As can be seen, there are several pros and cons of working with a real estate investor. Before choosing this option, it is important to take all considerations into account and decide if this professional meets your needs.