Free Report: How To Sell Your House Fast!
Are you looking for ways to sell your property, but you are finding it difficult? Did you think that you will not be able to sell it? Are you frightened that if you did not sell it quickly it will lead to a congress or a bundle of money to get it done?
There are a lot of reasons people need to quickly sell their properties, from divorce to relocation, and many reasons in between. Instead of having high blood pressure and getting frustrated about your life, you can consider this option: you can contact a real estate investor to provide a solution to your problems and give you rest of mind.
What is a real estate investor?
Many people have a misunderstanding about the jobs of real estate investors. The word “real estate investor” sometimes consists of mental pictures of an international jet-setter who is rolling in cash and hops from deal to deal, sticking it to people and stuffing his pockets with piles of cash, leaving hapless victims in his wake. That could not be further from the truth.
The real estate investor is someone like me and you, somebody living a normal life with family, dreams, aspirations, and hopes. Just as furniture worker specialized experience and knowledge about building things, a real estate investor has specialized knowledge to assist individuals who need to sell their properties quickly. This knowledge is beneficial to you regardless of your condition or your reasons for needing to sell quickly. Now let’s examine this knowledge to what you may have encountered trying to sell by yourself.
The problem with selling by yourself
Selling your properties yourself can be accompanied with missteps and pitfalls you can encounter along the way, as you may have already discovered if you have been unsuccessful so far in selling your house.
If you’ve been trying to sell, you might have seen how overwhelming the process can be: running ads, property cleanup, and renovations, finding time to show the house, staging your property, etc.
There are literally dozens of details to be worked out and you might feel like you don’t have the faintest idea as to where to start. Without a degree in marketing it’s difficult to know what you need to do to attract possible buyers, and then once you have someone that is potentially interested in your home, you have to be ready, willing, and able to engage in the difficult business of negotiating price and terms. If you’re lucky enough to get an offer on your home, you have to play the waiting game for the buyer to get financing. If they can’t get loan approval, you have to start the process all over again with yet another buyer.
It usually takes buyers a lot of time to find out that they have been unsuccessful in obtaining financing, so instead of getting your house sold, and allowing you to get on with your life, you find yourself playing an endless waiting game. Your life is on hold at this point and your plans are at a dead stop.
However, maybe you’ve tried listing your home with a real estate agent. Despite the fact that they take a big chunk of money in commission if they sell your house, many times a house will sit on the market for months or even years with no positive outcome. It might be as a result of lack of experience or lack of motivation to search for a potential buyer for your house on the agent’s part, it is not their fault if they did not sell your house. Meanwhile, though, you’re stuck paying a mortgage on a house that’s just keeping you from moving on with your life.
The Benefits of Working with an Investor
There are many advantages working with a real estate investor in selling your properties because they have a lot of experience. If you want to buy or sell properties by yourself it usually takes a long period of time, while a real estate investor can buy four or five houses in just a month, sometimes within a week.
As a result of their experience, the real estate investor will provide you multiple ways of moving your home that will benefit you and the investor.
However, when you allow the investor to manage your properties, you will be able to live a peaceful life. If you wish to change the environment, buy another property or complete divorce etc, you can do that without being attached to the house or the seemingly endless details that go with it.
There are many present solutions in which the real estate investor can solve when you work with them, depending on the condition.
Different Ways of Working with an Investor
Generally, one of the most important things of working with an investor is that they have a lot of “tools” at their disposal for solving solutions to real estate problems.
For example, sometimes the condition might be simple to handle. The property just needs to be sold faster and has a unique equity. As a result of this, the investor can buy the property without any delay. In some cases, the condition may not allow that to occur. There are many other available options, and the options differ from one investor to the other, depending on their field. However, there are few potential options:
Generally, when a real estate investor “lease options” your house, you are giving the investor to take charge of your property over a specific period of time. However, the period of time vary, but it is helpful to you because you have rest of mind knowing that the investor will pay you (or your mortgage) every month for the property, which is especially helpful to you if you have existing financing on the house or you are relying on income from the house for monthly living expenses.
The main goal is to look for somebody who wants to buy a house but cannot buy it presently due to some reasons, such as credit issue or recent change in job. Potential occupants are thoroughly questioned and screened so that only serious occupant are left, which investor have faith in that they will take good care of the property and also be able to buy the property in the nearest future.
The occupants living in the house usually make monthly payments, they will pay the investor and the investor will pay you or your mortgage company in return. Therefore, you or your mortgage receives payment whether or not the occupants pay or not. So you get paid no matter what and the investor has to deal with the entire problem.
As a result of this, some people might be afraid of having someone living in their home but do not forget this is not a common “renter”. It is someone who is serious about buying the property and at the same time deposits some reasonable amount of money to the investor so as to prove it.
The occupants will assume the property is their own. In other words, they will take good care of the property and provide some improvements and minor repairs, things that will increase the beauty of the home. Their aim is to buy the property as soon as they have the fund available.
This is different from the normal renting arrangement; the occupant will be responsible for the maintenance of the property, so you did not have to stress yourself about any of the problems that will come from the occupants. The occupant will take care of the minor things themselves or get in touch with your investor, allowing you to concentrate on some other things.
You can rest and leave the necessary information to your real estate investor because if any damage is done to the house, the real estate investor will take care of the repairs. However, it is not common to have a problem because of the careful interview and selection the potential tenants undergo, as well as the fact that they have made some deposit.
If at the end the occupants refuse to buy the property, the investor will definitely search for another buyer for the property. Also, the stress and problems of searching for the occupant are on the real estate investor, which for you is the win-win condition.
This is another way by which investor takes charge of your property through the process called “subject to” agreement, which means that he or she will take over the ownership of the property subject to any existing financing there may be in the house. The investor will pay you directly or pay your mortgage company, which is a win-win for both of sides. This is similar to the lease option method illustrated above but there are some slight differences, mainly in the documents.
The third method is a complete cash purchase.
In some cases, an investor can pay you cash for your home and will take the ownership of the property immediately. This involves you giving the investor a reasonable price for the property and he or she will pay you cash right away, usually with a very fast closing.
This helps you to sell your property faster. If you need the cash more than you need your full asking price, this might be a good solution for your problem.
However, this is not the best option, especially if you do not have a lot of equity in your house. But it definitely does happen when the situation calls for it.
As mentioned above, there are many different ways of working with an investor. The exact method is going to depend largely on the condition and what the investor believes is the best method for your house. It is essential to realize that because your real estate investor is working so many times, he or she will know what condition is called for based on the specifics of your house.
Finally, working with a real estate investor provides a lot of benefits. You did not need to worry about advertising, marketing your house, screening occupants or worrying about any document associated with selling a house.
You can simply bring an experienced person who is aware of the activities of the real estate and let them deliver their best such as searching for qualified buyers for your property.
The real estate investor will help to place a potential buyer into your house by making use of the method that will work out well depending on your own special condition
However, the real estate investor has on-going relationships with other real estate experts and does ongoing marketing; they will help to look for good occupants who is in need of a house like yours. This gives the occupants the proof of ownership while they work to change any credit or employment insufficiency that might prevent them from obtaining a loan.
Generally, a lot of occupants want to improve the property so as to increase its value, which looks good for you. In case the occupants to complete the purchase, you can be rest assure that you will get your money back. The real estate investor will definitely search for another occupant for the property if something happens because the occupant does not complete the purchase.
Selling your property with the support of an experienced real estate investor, you do not have to deal with any of the associated document or problems from occupants. You can get on with the very serious business of living your life, without any of the problems.