as soon as possible. The investor wants to give it a makeover and sell it for a profit or turn it into a rental. 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. • Another benefit to selling to an investor is a more dependable and quicker closing. This is counterbalanced by the fact that the deal can fall apart if the buyer suddenly runs out of money. When the more traditional buyer backs out of the agreement, the seller can be left with nothing except for the house, which he still needs to sell. Many months can be wasted while you maintain paying insurance, taxes, a mortgage and maintenance. A cash closing will prevent this from happening. By selling the house “as-is”, you will be able to leave all the unwanted stuff in the house and the investor will buy the whole package.
CONS
• The main con is what you are going to receive for your house. Investors profit from reselling the property. For them to succeed in this, they will always try to buy the house for the lowest price possible (usually 60-70% of after repair value. So, if the home needs $50,000 in repairs and will sell for $200,000 after it's repaired, they will offer 60-70% of the $150,000, or $90,000-$105,000). Investors will never give you full market value for your home. • It’s not suggested to sell to an investor unless you are in a dire situation.
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