Posts Tagged ‘investing’
Estate Investor
Friday, September 16th, 2011
Should you sell your house to real estate investors?
Selling your house fast is important whether you are selling it as an investment property or selling Your Own home.
The traditional way of selling houses does not always work or may not even be possible in the first place. Here are some of the reasons real estate investors may be the best buyers for your house.
Traditionally when someone wanted to sell the house, they would use a real estate agent to list the house in the MLS. With the advent of the internet, more and more people have open options to sell their houses on their own.
Real estate investors claim a good part of the house market because they buy and sell a good proportion of them. Selling your house to a real estate investor may be different from selling to a regular home buyer.
So what scenarios could drive you to sell your house to a real estate investor?
1) Cannot sell normally
Most people list their houses with a real estate agent. With so many houses lying on the market with no buyers, you find your listing has expired after a few months.
Still you must sell your house.
The next choice is to sell to real estate investors who may be looking for bargain properties. A real estate investor must have a way to make some money out of your house, so flexibility will be required.
2) No equity
You must have around 6% equity to sell your house through a real estate agent. But sometimes this is not possible.
A real estate investor can still buy your house even with little or no equity. Most investors can use creative ways to buy houses like these. Again flexibility on your part will be important to get your house sold.
3) Speed
Sometimes you must sell your house fast. The process of putting it in the MLS lone can take two weeks. If the situation demands, most real estate investors can buy houses in as little as 7 to 14 days.
4) Repairs
You may need to fix up your house first before you can sell it. If you do not have the money to do repairs, you cannot sell the house.
Real estate investors can still buy your house and do repairs themselves.
5) Legal trouble
Sometimes things just happen: divorce, liens such as tax liens. Or you have fallen behind on your mortgage payments and need to sell it fast to avoid foreclosure. Or you inherit a property that needs you to make mortgage payments.
You might find yourself making more than one mortgage payments if you move to a new city.
Or you have been burned by bad tenants. The list goes on and on.
Ultimately, real estate investors may be your best option to sell your house fast.
About the Author
Simon Macharia invests in real estate in the Dallas Fort Worth market in Texas. He has seen a lot of real estate transactions involving creative financing that helps home owners sell their houses fast. If you are a real estate investor, learn how you can automate your real Estate Investing business through an interactive real estate investor website from http://www.RealEstateInvestorsWebsites.net
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