Selling out a property is sometimes regarded as something incredibly challenging, but with the right tactics, you might just be able to acquire a solid deal in no time.
If you’re in the process of selling your new jersey home, you probably have heard of ‘real estate investors’ also known as professional home buyers. These buyers are in search of a
Sell your NewJersey House, where they then buy fixer-uppers in a quest to sell it later for a profit
The real estate market has drastically changed over the past decade it's quite common for traditional home sellers to come across such investors.
If this is your first experience in selling a home you have probably received a ton of offers made by professional home buyers themselves.
Negotiations and transactions will be a lot different (and possibly easier) than if it were going to be with a traditional home buyer. This means there are also pros and cons with
selling your house to a real estate investor. However, these may depend solely on an individual’s situation. For all the first-time home sellers out there,
This article will go over all the advantages and disadvantages you need to know about selling to professional home buyers
Pros of selling to a real estate investor:
Faster closing
You can expect to close a deal almost instantly. Complete a transaction as soon as within 7 days or whenever you would like. This is because most investors use cash as a preferred payment mode to, allowing the two parties to mutually agree on the proposed sale conditions.
No formalities involved
Why go through the unnecessary hassle of having to create a listing, write a stellar listing description, take professional photos, when you can simply get the fast pass through all of these formalities? With professional home buyers you can speed through this as you do not require any of the above. It’s just you and the investor, no third party involved.
Reduced cost of sales
Hiring a real estate investor would mean added costs for your sale. This may be challenging to put up with especially when you are in a financial crisis. Fortunately, with investors you do not need to involve any realtors or hire any professional photographers and marketers for making your listing stand out. Not to mention, the as/is purchase would also prevent you from repairs and spending more on the sale of the house.
Flexible payment arrangement
Investors often like to offer homeowners multiple payment methods so that they may find one that matches their preferences. For instance, they may offer per-scheduled cash payments, certified funds or more. Choose the one that is a solution to your needs.
Minimized risk
As with other buyers, most of the investors like DNT home buyers, pay in full cash settlements. This eliminates the room for any uncertainty that is associated with traditional home buyers who may be in debt or unable to complete the transaction.
As/Is Purchase
Because the investor is considering your property as a fixer-upper, the little repairs you do to your home would barely matter to them, they will still buy your property as/is. Most investors tend to look up for outdated properties on purpose to add curb appeal and flip them. So no, you don’t really need new fixtures for your bathroom or a more vibrant backsplash for your kitchen to impress the buyers.
Cons of selling to a real estate investor:
You don’t know who is buying your property
Anybody can buy your property and may be unaware of the entity offering to buy A home. Investors do not require a license to buy which can make it incredibly difficult for the seller to know of the buyers true motive. To avoid scam artists, make sure you only trust credible and reliable buyers like DNT home buyers instead.
Delayed closing
If the investor is coincidentally a foreign investor, abiding by their country's laws and facing the tax consequences could result in a delayed closing. This may not be your ideal scenario especially if you’re looking to receive cash ASAP. If you’re in New Jersey opt for local investors like DNT home buyers to help you through this situation.
DNT Home Buyers have years of experience in the real estate sector and are renowned real estate investors in New Jersey. If you’re looking to sell your property sometime soon, do not hesitate to get a cash offer from them, besides, it’s free!
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