Most homeowners will only work with a home investor once in their lives. A lot of the circumstances that lead a homeowner to contact an investor are less than pleasant, and investors already know that.
Great investors want to make the process as easy as possible for these homeowners, who likely have other pressing matters to contend with.
If you’re considering selling your home to an investor, you’ll be surprised to learn how well the process is tailored for you.
Anyone can do it, and it just might be the easiest way to sell your unwanted property with the least amount of hassle possible.
What Makes an Investor Different From Traditional Realtors?
You’ll be subject to a process when you work with any buyer or home sale professional. Working with an investor offers the absolute shortest process with the least amount of steps involved.
Real estate agents, for example, can take several months to help you close a deal.
They’ll need to:
- Stage your home
- Hold open houses
- and handle potential offers
The buyer your agent finds will need to get approved for a home loan.
If that buyer can’t get the approval, the process will need to restart.
Investors directly purchase your home. They don’t need loan approval because they have the cash on hand.
Investors aren’t immediately trying to find someone else to buy it. When you’re working with an investor, there’s no one in the middle.
When you work with an investor:
- You don’t have to pay a commission to anyone
- You don’t have to wait for bank approval
- and you don’t have to list, stage, or show your home.
An investor is both the first and the final step.
When Should You Call a Home Investor?
You should call a home investor as soon as you know that other sale methods aren’t going to work for you.
- If you’re in a massive time crunch and you can’t wait out the lengthy duration of a real estate agent’s contract, you should call an investor immediately.
- If you’ve already waited out a real estate agent’s contract and don’t want to relist, an investor would be happy to take over from there.
- If your house is in such bad condition that selling it isn’t even an option, call an investor.
Investors can be called at any time and for any reason. They’re no strangers to purchasing homes with fire damage, water damage, or even mold damage. If your home needs significant repairs or is subject to code violations, the majority of investors won’t mind.
There are certain factors that homeowners can’t control, and these factors will make it difficult to sell their properties. Things like a declining neighborhood or a rough local market dissuade traditional buyers, but investors are prepared to handle it. Investors will even purchase inherited properties or properties that need to be liquidated.
How Do Home Investors Make an Offer?
Home investors don’t pay full market value for homes, which is one of the reasons they’re able to purchase homes so quickly.
In most markets, it’s rare that homes will sell for their full value anyway – especially homes that need a lot of work or are subject to unusual circumstances. Even the best homes don’t put full value into your pocket after you’ve paid an agent’s commission, fees & closing costs.
The offer investors prepare reflect the circumstances of the property, their costs to complete the sale, and the amount of work they intend to do on your home. The offer you get isn’t deceptive – you aren’t going to encounter any costs on your part, and the investor isn’t going to take any of that money back.
When you’re working with a trustworthy investor, what you see will always be what you get.
How Do I Prepare My Home for an Investor?
You don’t have to prepare your home for a home investor.
On the regular market, your real estate agent or a traditional buyer may require you to repair, paint, or reorganize your home before the sale.
Investors don’t care about any of that.
They have their own plans for the home.
All they want you to do is accept the offer, pack up, and move on to your new location.
It’s rare that an investor will ask a homeowner to do anything in the way of preparation. In fact, they’d rather you didn’t.
There’s no sense in you throwing a new coat of paint onto your kitchen walls if the investor would rather color them a different hue. There’s no work required on your part.
Who Needs to Get Involved?
In most cases, the only people who need to be involved in the process are the homeowner and the investor.
There are no agents or middlemen when the sale is straightforward.
Exceptional circumstances may involve other entities, but this won’t necessarily complicate the process.
You communicate directly with the investor, and if your lender or a probate court has a say in how the way the sale is handled, your investor may be able to help you communicate with those people.
Most investors already have experience dealing with these situations, and they’ll pass that experience on to you.
How Long Does the Process Take?
Once you’ve accepted an investor’s offer, many of them can close in as little as seven days.
Investors are constantly looking for new properties to purchase, and many of them will be able to provide you with an offer in as little as 24 hours.
They pay in cash and you’re the only person they need to consult with.
Most homeowners will find that it takes less than a month to contact an investor, complete the sale, and settle into a new place.
No other sale method offers that kind of convenience.
How Can I Find an Investor Who Will Help Me?
SoCal Home Buyers would be flattered to be chosen to work with you. We’re always available to answer your questions, and we’re prepared to make an offer quickly.
All we need from you are the answers to a few basic questions, and we can begin the sale process as soon as you’ve reviewed and accepted our offer.
It doesn’t matter if your home is in bad shape or you’re going through troubling times – we help homeowners like you every day, and we’ve made it our mission to simplify your life.
Get started by requesting an offer here.
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