Read This Before you Sell your House to a Real Estate Cash House Investor
There is nothing as important as the credibility, dependability, and professionalism when looking for a genuine real estate cash home buyer. Sadly, in as much as there are very many genuine cash house buyers in the market, there is also this category of investors whose main agenda is to spoil the good name of the genuine buyers. By the end of the day, the responsibility is on you to do a thorough research and find a genuine cash house buyer that will take your house as is without causing too much unnecessary trouble.
But how do you get a real estate investor if you don’t know how this cash house buying business works in the first place. See, once you express interest in selling your home, a real estate investor will give you a no obligation cash offer. Genuine cash house investors will have the no obligation cash offer at 80% off the market value of the house in question. You might be wondering why you are not getting 100% of the exact market rate of your home.
See, the investor is taking your property “as is” meaning you will not be expected to fix any broken pipes or do any renovations on the house. Another aspect to keep in mind is the fact these genuine buyers will pay you in as little as 24 hours when all things are in order. This also presents a risk that should the investor fail to do enough due diligence on the property, and it ends up scandalous, they risk losing their hard-earned cash.
Of course, there is also the cost that comes with renovations, upgrades and time spent on the works to make the property market-worthy. This is actually how they make their money wherein after undertaking the high risk of their financial outlay, they hope that they will get a potential buyer as soon as they put the house up for sale.
Having said that, the next important thing is to understand who stands to benefit from dealing with cash house buyers. Most people have been misled to believe cash house real estate investors are for people in distress, e.g., people facing divorce or foreclosure. Matter of fact, every property seller today is going this route when they want to sell their property fast for cash. This is because the process is often very fast, straightforward and has the least amount of paperwork, especially when compared to dealing with real estate agents. However, you can only get the best out of such deals when you do your due diligence and find a genuine real estate investor.