When people are facing financial challenges, divorce, and foreclosure or relocating to new places, they may be compelled to sell their houses. In most cases, homeowners have engaged the services of realtors to handle the sale process. Apart from realtors, homeowners can also sell their houses to real estate investors. Owning a home is a big investment so when people decide to sell it they should identify suitable buyers that will give them a good deal. By selling a house to real estate investors, homeowners will benefit in the following ways.
Homeowners that have opted to engage real estate investors in the sale process will not incur expenses in undertaking repair work since real estate investor buy the houses in their present condition. The cost of undertaking repairs and hiring different contractors such as plumbers‘ roofers and painters is handled by the investors. Real estate investors will only make deductions from the original cost of the house that will facilitate the repair process and give the balance to homeowners.
By selling a house to real estate investors, homeowners are guaranteed a quick sale process. Homeowners will not be subjected to a long waiting period when they work with real estate investors since the deal can be sealed within a day, a week or a month. This is not the same case when homeowners engage realtors since they can take several months before identifying a potential home buyer. Homeowners will receive payments for their house after a short time and this relives them from engaging in excessive borrowing. The other benefit of engaging real estate investors is that they do not back out of the deal since they have ready cash. When homeowners rely on other buyers; they can be inconvenienced since they will back out if the deal when they fail to secure loans.
Homeowners that are unable to finances their mortgages are likely to lose their houses to mortgage companies so it is advisable to sell the houses to real estate investors since they do not wait for foreclosure period. The available cash can be paid to mortgage companies in good time before the houses are repossessed. Real estate investors are a suitable option to deal with since they do not charge commission for buying the houses. This is not the same case when realtors are involved in the sale process since they charge commissions for identifying potent al buyers. Apart from paying high commission, homeowners that engage realtors will also be expected to pay for appraisal and inspection fee among other taxes that are involved in the sale process. Homeowners that are facing financial constraints may not be in a position to meet such expenses.