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You’ve probably heard of them before – house investors that buy houses cash in Michigan. RCI Homes is one such company.
But what exactly are the benefits of house investors? Why is it becoming such a popular option? There are definitely advantages to house investors and many see it as a better investment of their time to go with one when they want to sell their house fast.
In this article, we’ll look at pros and cons of selling your house to a real estate investor so you can get a full picture of the business and what to expect when dealing with real estate investors.
Being a real estate investor is a fantastic job for those who enjoy networking and are extremely good at real estate sales. But do you know everything there is to know about real estate investors? Have a look at some pros and cons of house investors!
Here are the pros of working with investors that buy houses cash…
Normally, agents will charge certain commissions for using their service. Completely understandable. But house investors don’t and yet they deliver the same service, except faster.
And you won’t have to worry about any of this – unless you wanted to.
By offering a variety of payment options you will be able to sell your house fast regardless of your financial state. Alongside, you will also be able to avoid foreclosure.
‘As Is’ sale means that your house can be sold without providing a warranty or being on the hook for problems with the house. You will be able to save a lot of money as well as time. House investors that buy houses cash do not need a warranty. They are getting a discount on the house and know it needs repairs.
Investors have no hidden real estate fees. This makes it easy to get a good price on your property.
It might be hard to do a background check on the person selling your home, however, you should still be able to check reviews of the house buying company to make sure it is legitimate. A reputable house investor should provide you references and be honest and upfront about their business.
It’s a popular way for scammers to make money off of innocent people. There are some “we buy houses” scams out there (check out our other blog post on that subject!). So how do you make sure your real estate investor is legitimate? Check if they’re registered with the Better Business Bureau. An honest real estate investor will be open to answer any questions you might have about the house selling process.
Due to purchasing your house ‘As Is’, this usually means the value of the house will go down. However, due to so many hidden costs of real estate agents, you will often find that cost-free house investors are actually a better option as you roughly end up with the same amount of money as you’re not going through the usual paperwork process.
Investors that buy houses cash need to buy at a discount so that they can cover the unknown expenses they may incur.
Unless you want to sell your house fast, house selling is often a long process. Give yourself time to make sure things go the way you want them to and that you can sell for the value you want. You will need to be patient – it’s part of the game.
Apart from keeping your house clean at all times, pet-owners will also have to keep an eye on their animals – or better yet, keep them away from the house during a viewing. You really don’t want your dog to run crazy around the house as your potential buyers are looking around. Warning: there will be a lot of time wasters.
When preparing your house for a viewing, you should go beyond just hiring a cleaner or cleaning the property yourself. Sometimes painting the facade, decorating or even keeping the house warmer than usual during the viewing can help speed up the process.
When you list your property, you need to make sure your photos are fantastic. They are the first ‘house viewing’ people will get – so either brush up on your photography skills or hire a professional who will help you take absolutely perfect pictures. Trust us – you’ll be thanking them later.
Everyone thinks they are able to sell the house by themselves. But are you really? Do you know the best ways to put your house on the market? Are you familiar with the tricks of the trade and know the real estate lingo inside out? If yes, good for you. If no, don’t worry – our blog is a fantastic resource with plenty of valuable real estate information that will help you make a right decision.
Give us a call at 810-202-8704 or fill out our form – you will hear back from us with a cash offer in less than a day and you can close it whenever you want. Your house can be sold tomorrow, in a week or even in a few months – it’s up to you.
We’re also here to answer any questions you might have on the house selling process, avoiding foreclosure, selling your house with tenants still in it and much much more. Give us a call at 810-202-8704 and sell your house fast!