investor is hired, typically the investor or one of his agents will come and check out your house. They are going to ask you questions about the house and give a quick appraisal. Sometimes this process can be done over the phone, without having to meet. They often buy houses that need to be sold as quickly as possible. The houses are then repaired, restored, and sold for far more money than they were bought for. That is why most investors try hard to get the lowest price possible when purchasing the house. Selling a house to an investor should not be your first choice. It is only a primary choice if you are in a hurry to sell the house. Sometimes you can get an offer on the house within a couple of days, and you can close the deal within a week. It will almost always be quick and painless. Additionally, you won’t get unexpected fees and commissions.
PROS
• A big perk of selling a property to a real estate investor is that they will buy the house “as is.” If the house is bought in “as-is” condition, you won’t have to do any repairs by yourself. This is particularly attractive in an inherited
home situation where it has been decades since substantial updating, remodeling, or repairs and maintenance have been done.
• The investor is much more likely to buy a house that needs major repairs than the average buyer. The usual buyer wants to move into the house and begin living in it as soon as possible. The investor wants to give it a makeover and sell it for a profit. There are times the investor won’t even have to see the house because he intends on flipping it, so the deal can be made very efficiently. 43
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