When you’re thinking of selling your home, you can either choose to go the traditional route – listing the home, working with a real estate agent and then having those people find a buyer for you. For many reasons, this has worked out well for most people, but what if you’re approached with a different type of offer? What if a real estate investor wants to purchase your home? Many people would think that an investor is just trying to low-ball them, but the truth is, if you’re within a specific set of circumstances, an investor might just be your best bet.
What do you need to be aware of if you’re considering using an investor instead of an agent?
The Rise of Tech-Powered Investment Brands
When we talk about investors, we aren’t just talking about individual business owners, we’re also talking about the large tech-powered property companies that have entered the real estate space. These companies have big pockets and tech tools at their disposal to quickly and easily calculate a home’s value and then make an offer. There are investors like this literally buying up entire neighborhoods in a matter of months. So when you think about selling to an investor, remember that there might be a much bigger brand behind the transaction.
Why An Investor Would Want to Buy Your Home
An investor can do many different things with the properties they buy. In some cases, they renovate and remodel the home in order to attract new long-term renters, or they upgrade it and flip it for a profit. Sometimes they might consider selling the house to a bigger investor. Ultimately, investors are business owners who sit down and calculate the value of the home, how they can add to it, and how much they will make when they are done with it.
The Best Candidates for An Investor Transaction
The traditional real estate transaction is the route most people will take, but investors solve very specific problems, and that’s why they continue to get a lot of business. A good investor is going to be there to actually solve a pain point so they aren’t trying to trick you out of your home.
Here are a few reasons you might consider an investor over an agent;
Talk to An Expert
In any big move you make as a consumer, you must have advice so that you can make an informed decision. If you were going to renovate your home, you would start by talking to a trusted contractor who can give you the lay of the land. If you wanted to get a loan on your home equity, you would consult experts like All Reverse Mortgage. If you’re considering selling to an investor, it’s advised that you start by talking to a real estate agent who is in the know about the market. This must be a real estate agent you know would have the best interest at heart, instead of trying to steer you towards paying them a commission.
The right real estate agent will sit down with you, talk through all your options, and help you decide whether an investor is indeed the right way to sell your home. That agent might even be able to refer you to the best investors in the market, and help you come to a good agreement.
Selling your home is a big decision, and often, a stressful one. Investors enter the fray to reduce a lot of that stress and allow you to get the property off your hands faster. Remember to do your research before you proceed so that it’s truly the right kind of transaction for you.