Grab your dictionary and let’s discuss a couple of adjectives:
Tedious (df: too long, slow, or dull: tiresome or monotonous.)
Streamlined [df: make (an organization or system) more efficient and effective by employing faster or simpler working methods]
Just off the bat, which adjective is more appealing to you? If you need to sell your home sooner rather than later, then the ‘streamlined’ approach is the way to go. That means working with an investor who offers cash right now in exchange for your property. Just think about it: no cleaning up the property, adding renovations, staging for open houses. But still, is a cash investor the right way to go? Every situation is unique but here are some reasons we think cash investors are a great option.
When Time Matters: Cash investors help you sell your home quickly. There is no slow drip while you wait for them to make a decision. Cash investors have the resources to close on deals in days, not weeks or months. Often an investor will make you an offer within 24 hours of you listing the property. Consider this: the more quickly the transaction is made, the fewer dollars are flying out of your pocket for mortgage payments, HOA fees, insurance, utilities and property taxes. Plus, you don’t have the worry of a traditional buyer either not qualifying for a mortgage on your property, or backing out at the last minute.
Quick Cash: When you work with a real estate investing company you work with someone who has cash on hand. That means you will have cash in your bank account on closing day. Reliable investors like to close a deal quickly so they can get the property into selling condition, then move on to their next deal.
Extras Not Needed: When you work with a cash investor, you don’t pay commissions like you would with a real estate broker. The investor examines the property, offers you a price, and when you are finished negotiating, you know the net amount of cash you will have in hand the day of closing.
Repairs Not Needed: Aaaahhhh. Now that could be music to your ears. When your goal is to sell a property quickly, you likely are not interested in making costly repairs that could delay the sale by weeks, even months. A typical cash investor will buy the property “as-is” and they take on the responsibility of making the repairs. The price is adjusted, of course, but the money for repairs is not coming out of your pocket, and you save yourself a lot of hassle.
Avoid Foreclosure: a typical real estate transaction can take weeks or months to complete. By using a cash investor, the process is handled quickly, and you can get the money you need to stave off foreclosure, thereby insuring your credit rating isn’t torched, which will only help you on down the road.