When it comes to selling a house, we know that there is a surplus of options available to homeowners. From listing with a real estate agent, going to solo route with a “for sale by owner” or possibly selling to a real estate investment company. These are all valuable options to consider, but sometimes knowing which is the right option might come with a little back and forth before you make your decision.
In this article we will go over the last option listed above. If you have found that maybe you’re leaning towards selling a house to a real estate investment company so that you won’t have to deal with the traditional home selling process then here are a few things to expect.
Recently, more and more homeowners seem to be finding it wiser to sell their property to real estate investment company. Texas has many reputable and trustworthy real estate investors such as “Millennial Home Solutions” who could purchase your property for a price that best represents its value, or help you sell your property. Essentially, real estate investors are independent investors who purchase homes, repair them and then use them to generate income. This is typically done by leasing them as rental units or selling them for profit.
The Selling Process
The process for selling a house to a real estate investment company is also relatively simple. All you need to do is provide them with information about your home and situation. The investor will then do a proper evaluation of your property and determine a fair value that factors any necessary repair costs. If this proposal closely matches the expectations of the seller, then the property is as good as sold within as little as 14 days.
How Quick Is It?
This process is comparatively very fast, usually lasting between 14-21 days, and that’s not even the best part. While working with real estate investors, you do not need to worry about paying any fees or commissions. The investment company will typically cover the closing costs and standard fees!
Important To Know
It is important to note that the primary objective of investors is to make a profit. More often than not they will seek to buy houses at a discount in order to increase their margin of profit while selling. At face value, this may seem like a rip-off, but when you take into account the extra mortgage payments, utilities, and maintenance costs, then selling at a slight discount now may actually ensure you save more money in the long run.
Real estate investors also present the advantage of flat closing. There are no negotiations in “as is” sales (transactions wherein investors buy your property as it is and assume all necessary costs), so once a price is agreed upon the deal can be closed quickly. By selling your home to a real estate investor, you’re saving yourself from possible months of bills.
If you are interested in selling your house in Texas, give our team a call! We will find the perfect solution for you! Send us a message or give us a call at (281) 640-0447.