Imagine being able to sell your home without having to worry about marketing, waiting, or paying expensive commissions or fees. You might not even need to pay closing costs either. These are the advantages of selling your home to a real estate investor. A title company will still be involved to handle the paperwork and make sure the closing happens smoothly. If there are repairs needed, the investor won’t expect you to pay for them. Everything on the property is sold as-is. The investor covers virtually all these extra costs. You don’t pay for anything.
The biggest disadvantage is that you’re selling your home at below market value. In other words, you’re giving a discount to the real estate investor so that they’ll purchase your home quickly. In some situations, you could just wait a few extra months using a real estate agent and receive the full market value of your home. It depends on the condition of your home and your current situation.
The reason to work with a real estate investor is if you must sell your home quickly. If you cannot afford to wait for months to sell your home, then a real estate investor is the best option. Otherwise, if you’re not in a crunch you could potentially make more money by choosing one of the other options and waiting a longer time. Just remember to consider the ongoing expenses of keeping the property as you wait for the right buyer to come along.