Considered Selling your House to an Investor?
Do your research: it matters who you sell to.
The Real Estate Investor
Real estate investing is a highly popular industry, thanks to Chip and Joanna Gains
via GIPHY
Many investors want to make easy money with little effort. You have to admit, that thought is attractive, right? This lends to a market flooded with inexperienced wholesale-only investors.
For those of you who don’t know, wholesalers are individuals who get a house under contract, then turn around and sell that contract to an end buyer (investor) – at a higher cost. They keep the difference.
If your buyer is not well-versed in calculating costs, doesn’t know your market like the back of their hand, nor willing to put their money where their mouth is, the probabilty is high that they aren’t going to show up at the closing table. The reason for this is because they don’t have an accurate assessment of the property value nor the actual cost of repairs. They don’t know how to put a house under contract at the right price the first time to ensure it will close.
Here’s the thing, you don’t really know something if you haven’t sacrificed a significant amount of time, effort, and money to learn it. This applies to real estate investors just like anything else.
A Message to Sellers, from an Experienced Investor
Many sellers end up returning to us, burned by another investor, because they know we will close.
The sad thing is that when people come to the point of selling to an investor, there is usually a challenging situation in their life. They need someone to come through for them, to stick with their word, to solve their problem. Often sellers fall prey to the inexperienced wholesale-only investor offering them a shiny price. A shiny price that no one will close, leaving the seller to pay the consequenses in an already challenging situation.
For professional home buyers, it comes down to price, as in any business. In order to be able to buy a house, invest funds, take on risk, and create value, profit must be made. If they don’t make a profit, they can’t run a business that allows them to continue buying. Good real estate investors, or professional home buyers, care about you, they aren’t trying to exploit you. They provide a service that is necessary, valuable, and helpful. That service has to have a price.
All of this is to say, if you are considering selling a house to an investor, it matters who you sell it to: choose a professional home buyer. Don’t allow your house to go under contract with someone who is educated enough to offer the correct price the first time. This way, you won’t be left stranded at the closing table.
This article references several common costs associated with selling a house.
Attention Homeowners in Raleigh and Surrounding Areas:
If you are considering selling your house in Raleigh, Durham, Cary, Fuquay, Apex, Chapel Hill, Garner, Knightdale or Angier and you don’t want to invest any more time or money making repairs, you want to close on your timetable, and avoid mulitple strangers walking through your home for showings, we need to talk.
When you sell to The Inspiring Investment, you choose your closing date and there are no realtor fees or closing costs, it’s all included in the offer:
- no realtor fees
- no closing costs
- no repairs
- no showings
- nobody going through your sock drawer
You work directly with the buyer that can bring the money to the closing table – and it is as easy as 1 – 2 – 3.
Let’s start the conversation. Take the first step.
** Not all wholesalers are unethical, in fact, there are times that we wholesale, too. Some are highly experienced, honest, and quality people. A few questions is all it will take to weed out the good from the bad.
