If you are considering selling your home, chances are you have seen a sign posted by a real estate investor reading “We Buy Houses” as you drive to work. They seem to be in every major city in the country regardless of the laws to keep them from cluttering up utility poles. The market for Real Estate has changed over the years from the bust in 2008 and an economy struggling to regain. Keep in mind that there is NO national real estate market and the U.S. alone has hundreds of local markets. That said we encourage anyone considering selling a home to a real estate investor to consider the following pros and cons.
The Pros of working with a Real Estate Investor
- A Real estate investor will bring you a cash offer on your house. This typically means you don’t have to worry about financing contingencies a typical owner occupant may encounter when trying to buy.
- A Real estate investor will buy your house in “as is” condition. So you don’t have to do any cleaning or repairs to your property prior to the sale. No repairs or updates needed either, this is often preferred by investors!
- You should not have to pay any fees when selling directly to a real estate investor. This means no real estate commission and gives you more control over the entire process from negotiations to when and where you close.
- A Fast closing! A reputable real estate investor will be able to work on your timeframe (to an extent). For instance in St. Louis, House Sold Easy can close in as little as 7 days. They will still close at a title company to ensure they are getting a clean title and to give the seller peace of mind they are actually getting the money they agreed to.
The Cons of working with a Real Estate Investor
- The “Cons” of real estate investing. There are plenty of financial scams out there and this is no different in the housing market. When dealing with the sale of a large asset such as your home you must be diligent. Do some research on the individual and company they claim to represent.
- All the convenience of selling on your time frame and not having to do repairs comes at a cost. A home seller will typically sell for lower than full market value when working with an investor. This is a trade off for the simplicity of the transaction. The difference often is not as big as you might expect. In St. Louis contact House Sold Easy for a free no obligation cash offer and home value consultation.
- Anyone can be a real estate investor…It does not take much money or effort to put a sign by the side of the road that says we buy houses. There are no license requirements for someone to be an investor, so you do not always know who you are dealing with. Again this is where doing a bit of research about the company is important.
As with any decision in life you must decide if the pros outweigh the cons. Working with a Real Estate Investor is a great option if you are looking for an easy transaction without doing any repairs to your house. If you are considering selling and connect with a reputable real estate investor it can make for an easy