In 2020, 36,000 U.S. homes sold for cash, a notable increase from the 17,000 homes sold in 2017. This shows more people are opting to sell their houses for cash to real estate investors instead of selling through a real estate agent. Perhaps you also want to sell your house fast for cash, and you’re wondering — should I sell my home to an investor?
In that case, these five benefits of selling your house to a real estate investor should convince you.
1. You Can Close Your House Sale Within Seven Days and Get Cash
After real estate investors view your property and assess its value, you’ll receive a no-obligation cash offer as soonest possible (sometimes within 24 hrs). If you accept the cash offer, you should close the sale within seven days and get your check. It’s that easy.
If you choose to list your house on the local multiple listing service (MLS) via a realtor, you would have to cope with longer closing times depending on your location. For instance, it takes about 50 days to close a house sale in Fort Meyers, Florida.
2. Investors Buy Your Home As-Is
Forget about pre-sale renovations, professional cleaning, or staging furniture to boost your home’s value. Investors will buy your house in its current condition, so you don’t have the extra burden of repair costs.
3. No Closing Costs, Realtor Commission, or Hidden Costs
Investors write you a check for the agreed-upon sale price without deducting the typical 6% realtor commission, closing costs, or other hidden costs.
4. Little to Zero Risk of Your House Sale Falling Through
Cash sales are more reliable than MLS home sales that can collapse on the final closing days due to various reasons like last-minute mortgage denials. In fact, it’s often the seller who may hold off a cash sale. In such a case, real estate investors will allow you to choose your most convenient closing date.
5. Investors Pay Fair Prices While Taking Higher Risks
If your house is distressed, good luck selling it on the market without taking eggs for money. Even realtors keep off a house in poor condition. You may then wonder, how much will investors pay for my house? Well, investors will assess the risk involved and offer you a fair cash offer you would not get from an MLS buyer for your distressed house.
What’s the Downside of Selling to a Real Estate Investor?
- You may get a lower price for your home than what it would fetch in the market.
- You’ll not know the real buyer since some real estate investors act on behalf of other investors. This can be a challenge if you’re emotionally attached to your home, and you would love to know the next owners.
- The closing process may take longer when selling to foreign investors as it’s subject to the investor’s country of origin regulations.
For the most part, selling your house fast for cash to a real estate investor is secure. You only need to ascertain the investor’s credibility, particularly foreign investors, then you can sell your home for cash risk-free.
Dream Home Buyers: The Trusted Cash Buyer in Florida
For Florida homeowners, Dream Home Buyers is their go-to cash buyer for just about every type of house they need to sell.
Whether you need to sell your distressed Florida house fast or you want cash to pay for a personal emergency, you can count on Dream Home Buyers to offer you a fair cash offer.