Pros & Cons to Selling a House to a “We Buy Houses” Investor
If you know a thing or two about the real estate market, you have probably heard about various investors that claim to buy your house instantly for fast cash. The investors use a unique, yet highly effective strategy known as wholesale investment, through which they purchase your property below the market value and invest in rebuilding it.
After you sell your house to these investors, they revamp it by making both minor and major renovations. After investing in rebuilding your property, they sell it to other investors and property dealers for a higher quote.
If knowing this has got you on edge about your decision to sell your beloved house to an investor for some quick money; fear not and keep reading! With this guide, we will highlight all the advantages and disadvantages you need to know before making a practical decision regarding your property.
The Solid Pro’s
Gain Fast Cash Instantly
When you opt for selling your house to an investor, you bypass the tedious process of contacting a middleman, making the complicated process an easy-breezy one. Hence, you’re able to directly sell your property and get its worth quickly in terms of cash.
No Tedious Task of Repairing
The best thing about selling houses to an investor is the fact that you don’t have to go through the time-consuming and mind-numbing task of repairing and renovating. Whatever state your house is in, these investors will sign a contract and hand you the money over, making it easier for you to sit back and relax without spending a single penny in revamping your house.
High Sales Certainty
It’s not uncommon for buyers to back out of a good sale you have put up; however, with investors, that’s certainly not the case. Once the offer has been initiated, they’re ready to close the deal, making it a solid sale in all its glory.
The Fair Few Cons
No Room for Negotiations
Whatever rate investors offer to purchase your house at, you might just have to comply with. Fortunately, they do offer good enough rates to begin with (considering the lack of repairing), so it doesn’t exactly seem like a con.
Low Price Offers Below Market Rate
Although such investors might be appealing for some quick cashback, they’re still property dealers at the end of the day, ensuring their own profit one way or another. This is exactly why majority of the time such investors buy your houses for a price less than the regular market rate.
Lack of Transparency
Since investors aren’t legally required to tell you who the next potential buyers of your house are, you remain unaware of who the buyer is and what they might do with your property.
The Bottom Line
If you are thinking to sell to a “We buy houses” investor and are fearful of what they may do with your property, or offer you very low rates – allow Painless Home Buying to ease your pain.
We buy houses quickly, with least hassle for you, while offering you great rates. Weigh out the pros and cons of selling your house to such an investor, and if you decide to do so – give us a call.
We await to ease your home sale process.