If you were to sell your home today, what would you consider doing first?
The majority of people would probably find a reliable real estate agent to help find a buyer for the property.
This is the common means of selling a home; however, as the economy declines properties take longer to sell and many individuals are turning to property investors instead.
This article will discuss the various benefits and disadvantages to using we buy houses St Louis City investors.
What Are The Different Pros To Using A Property Investor?
• Safe Method Of Raising Money
A property investor is also known as a cash home buyer and will complete the purchase of a property at short notice. This is beneficial to any person who needs to sell their home quickly.
The reasons for a person having to sell their home quickly are numerous, but the basic cause is a need to raise quick cash. It is possible to raise money by contacting a bank or lender, but selling a property is the safest method.
You may be asking how selling one’s home is the safest method of raising capital. The fact of the matter is that depending on banks or lenders for funding can be dangerous, particularly if you are already facing debt.
If you have debt, a third-party may not be willing to lend you money because of possible bad credit. Furthermore, if you do obtain a loan and are unable to repay the debt you will be adding further debt to the existing cash problems.
• Cash On Hand Sale
If you find yourself buried too deep in debt to opt for a bank or lender, selling to a property investor may be the only option. The we buy houses St Louis City investors are beneficial in that they offer cash on hand purchase.
By having cash on hand you can pay off any debts quickly, which is unlike real estate agents where you would need to wait for the money to be transferred to your bank account over a period of time.
• No Commission Fees
Another pro to using a we buy houses St Louis City property investor is the absence of a real estate agent. This is helpful because you as the seller will save thousands of dollars on agent commission fees.
It should also be noted that the property investors will pay any unwanted or unnecessary fees attached to the property transfer. This will increase the amount received for the property.
• Buying Properties In Any Condition
One of the greatest advantages to using a we buy houses investor service is the fact that these buyers purchase homes in any condition. This is particularly beneficial for individuals selling dilapidated properties.
The individual will receive a reasonable amount for a property that is not in good condition. If a person approaches a real estate agent with this home, it is likely that they will not receive any offer whatsoever.
What Are The Different Cons To Using A Property Investor?
• No Fair Valuation
One criticism to using this type of service is that you will not receive a fair valuation of the property.
In a market saturated with sellers and too few buyers, the buyer has the advantage of dictating the price and the only way to sell the property is by dropping the house’s price.
Investors are aware of this reality; therefore, they will make offers that are not necessarily according to the home’s true value.
Final Words On The Matter
Selling a property can be a complicated procedure, but there are methods that can make the transaction slightly simpler. The information above will help you decide whether or not to use the services of property investors in St Louis City.