When you sell a home through a real estate agent, there are many steps along the way that can delay the process. Some of the most frustrating are having to wait on buyers to obtain financing, which can turn a potential deal into one filled with chaos, especially if the buyer is declined financing by their lender. However, investors are usually ready to pay cash for their purchase, and also have the ability to close the deal far quicker than traditional buyers.
When you choose to focus on having an investor purchase your home, you’ll usually have much greater flexibility when working out a deal. This can be particularly important if you still have a mortgage on your home, since this can sometimes be a sticking point in negotiating a deal with a buyer. However, since investors are more willing to take on an existing mortgage, it’s possible to sell your house fast much easier than you anticipated.
When you are eager to sell your home fast due to an illness, job relocation, divorce, or inheritance, you may not have the time or money needed to make one repair after another. While this may hinder you selling your home through a real estate agent, it often works in your favor if you’re willing to sell to investors. Since they are likely buying properties to turn into rentals or to fix and flip, they are used to purchasing properties in need of repairs.