Read This Before you Sell your House to a Real Estate Cash House Investor
There is nothing as important as the credibility, dependability, and professionalism when looking for a genuine real estate cash home buyer. Unfortunately, in the midst of all the hard working and genuine cash house buyers is a crop of phony individuals looking to reap where they did not sow. But then again when you do your due diligence, you are sure to find a reliable cash home buyer that you can work with for a smooth real estate transaction.
But first things first, it is important to understand how the fast cash house buying and selling market works. You will first express your interest in selling the house, the real estate investor will inspect the property and then extend a no obligation cash offer to you. This offer is mostly put at 80 percent off the market value of your house at the time of selling. You might be wondering why you are not getting 100% of the exact market rate of your home.
The property investor takes a huge risk on your property considering they are buying it as it is without the need for you to make any renovations. There is also the short processing period that such transactions take, sometimes even closing in less than a week once the process begins. This also presents a risk that should the investor fail to do enough due diligence on the property, and it ends up scandalous, they risk losing their hard-earned cash.
Of course, there is also the cost that comes with renovations, upgrades and time spent on the works to make the property market-worthy. There is the risk the real estate market might crash and have the cost plummet, but there is also the likelihood of making a good profit should everything else go as planned.
And now the question begs, who are these transactions and deals meant for? Most people have been misled to believe cash house real estate investors are for people in distress, e.g., people facing divorce or foreclosure. Truth of the matter is, anyone who is looking to sell their property today, whether in distress or not, should work with genuine property cash investors. This is because the process is often very fast, straightforward and has the least amount of paperwork, especially when compared to dealing with real estate agents. However, you can only get the best out of such deals when you do your due diligence and find a genuine real estate investor.