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Real Estate Investors are just as important for sellers as a Real Estate Agent. Below are a few reasons why a property owner should always keep the real estate investor in mind when considering selling .
1. All Cash
What this means is that the offer is a cash offer which removes the wait time of the bank approving a buyer and all the things involved with getting a loan from a bank or mortgage lender (all cash means a check or direct wire to your bank account within hours but no less that 24 hrs from day of closing)
2. AS IS condition
This is self explanatory. An As Is condition property means that whatever condition the home is in during the time of the offer is fine for the end buyer. This means that the owner does not have to concern themselves with rehabbing or remodeling anything in or on the property. The only downside to this is that the cash offer will not be a retail offer but a discounted offer due to the amount it will cost the end buyer to put into the property to bring it up to the current year in value. The plus about that is less stress and worry about how much it will cost the seller to fix anything up in the home.
3. Buyer pays all the closing costs
This is especially nice for a seller who needs as much from the closing as possible minus any mortgage balances or liens or taxes on the property. The end buyer will pick up the tab of the closing costs related to a closing ( closing attorney fees, title fees, marketing fees to a real estate agent ect) The amount for closing costs can run in the thousands so this is more beneficial to the seller. In the same tone this is one of the reasons the end buyer does not ever pay full price for an as is property that needs work.
4. Removes the stress of selling.
Finally, the best part of selling to a real estate investor is the less stress the seller/owner will have to feel during the closing period. There is an offer , seller information sheet sent over by the closing attorney's office, and check or wire issued to seller that day or within 24 hrs from closing.
In conclusion, real estate investors or cash buyers is a benefit to all parties involved. The process is quick and the closing even quicker. Its important in this new real estate atmosphere in 2024 that sellers stay open minded, aopen to considering or even doing business with cash buyers/ real estate investors as much as possible. The process is quick and somewhat easy when selling their property to a cash buyer/investor Here's to the new year and a new mindset on selling or leveraging in non traditional ways!