Should I Sell to a Home Investor?
Home sellers can avoid the stress of a complicated home transaction process and sell directly to a traditional investor. These kinds of sales may allow sellers to bypass things like inspection contingencies and avoid appraisal concerns or buyer financing issues.
What you should know about selling your house to an investor
Selling to an investor saves time and hassle, but it’s not for everyone.
Personal situations, like a job relocation, divorce or potential foreclosure, are some common reasons people end up quickly selling a home to an investor.
If you sell to an investor you can expect a quicker close, an as-is sale and an all-cash offer.
Who are home investors?
A professional home investor is either an individual or a company that buys residential properties as part of a business or investment strategy. Individual investors may own just one or two investment homes (that they either keep and rent out or flip and quickly resell), but companies that buy houses usually do so in bulk.
Common reasons to sell to an investor
While most people sell their home the traditional way, there are a few scenarios where selling to an investor might make the most sense.
Inherited home
If you’ve inherited a property from a family member and you don’t plan to live in the home, you won’t want it to sit empty for too long. Not only can a vacant home be a target for vandalism, but if you sit on the property in a fast-moving real estate market, you could be on the hook for capital gains taxes.
Foreclosure
If you’re behind on payments and need to sell quickly, an investor might be a good option.
Disrepair
If your home requires a lot of updating or repair work to be attractive to traditional buyers, it may be appealing to sell your home as-is to an investor.
No financing possible
If the home you’re selling doesn’t meet safety or permitting standards, most lenders won’t finance a loan for the property, which can make it hard to sell to a traditional buyer.
Need timeline flexibility
If you’re selling on a very specific timeline, you usually have more control over the close date with an investor, since they’re not timing a move-in date the same way a traditional buyer is.
Currently in escrow
If you’re trying to time a sale and a purchase at the same time and your new purchase is contingent on your old home selling, going with an investor offer can speed up the process.
Relocating for work
Often a job relocation requires a faster-than-average timeline. Selling to an investor can be faster than waiting for the perfect buyer.
Divorce
Divorce settlements require both parties to divide the assets, and selling fast and splitting proceeds can often be an easier way to go.
Tenant occupied
Doing repairs, taking listing photos and scheduling showings with tenants living in a house can be complicated, so people owning rental properties often turn to investors when it’s time to sell.
Call us now if you are looking to sell. We will handle your unique situation with great care and concern and will respect your privacy throughout the entire home selling process.
OSSA Property Solutions LLC
info@ossapropertysolutions.com
832-510-4834