Pros & Cons of selling to an investor in MA

Pros & Cons of selling to an investor in MA
Justin Dion:
If you are watching this, you’re curious about selling your home to an investor, and you want to know about the advantages and the disadvantages are of doing so. But before that, what is an investor versus a traditional buyer? A professional home investor is either an individual or a company that buys residential properties as part of a business or an investment strategy, where a traditional buyer are people like yourself, when you bought your current home. They’re looking to purchase a home to reside in either as a primary home or as a vacation home or a secondary home. What are the pros and cons of selling to an investor versus one of these traditional buyers? Well, let’s start off with the advantages. When selling your home to an investor, you will likely not have to do any prep work or any repairs. With a traditional home sale, you will likely do a lot of preparing before you put your home on the market, from cleaning, to decluttering, to taking listing photos and staging.

In fact, according to Zillow’s research, the average seller spends roughly $6,500 prepping their home for sale. That figure includes hiring professionals for projects like staging, for painting, carpet cleaning, lawn care, gardening, and et cetera. Most investors care more about the financials and less about what your home looks. After all, they’re going to turn around and just quickly resell the home or renovate it anyway, once the deal has gone through. Now, working with a company like ours at Homepoint, we will come to your property and give you an offer right in their spot, and there’s no need to make the house look nice or anything like that. Another advance manage of selling to an investor is that we can buy homes in a relatively quick period, since we are dealing with cash, and we actually deal with loans that are dedicated for homes that need work.

If you have to, or if you want to sell your home and want cash quickly, that can be done. Unlike in a traditional sale, traditional buyer will require a 45-day, on-average escrow period to allow enough time for them inspections, appraisals, mortgage approvals. In a traditional investor like Homepoint, we can close in a little as a month, and sometimes even faster. On top of that, you will likely forego having to pay upwards of 6% of the home sale to a real estate agent as typically, they will not be needed as you already found your buyer. Now, although the process is faster and less complicated, selling your home to an investor isn’t always the best idea, especially if you look at to get top dollar. The only real downside of working with an investor versus the traditional buyer is that the offer you re receive from an investor will almost always be lower than you would receive from a traditional buyer.

An investor will still give you a fair market value, but keep in mind these factors. You won’t pay for prep work, repairs or commissions. The average home seller again, who hires professionals spend on average, $5,000 to $6,000, getting their home ready for sale, including painting, staging, cleaning. When you sell to investors, these steps aren’t required. The offer reflects the needed repairs. If your home is already in disrepair, an investor has factored the cost of needed repairs into their offer. Lastly, the sale can be seamless, stress-free and quickly. If you are looking to get a cash offer today, it’s very simple. You can get a free consultation at selltohomepoint.com, and within about 24 hours, you can get a cash offer for your home.
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