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There are numerous reasons why a homeowner might want to sell their property “As-Is” . Two of the most commonly stated reasons for selling a house “As-Is” are due to a) money and b) time consumption. Some owners may be financially strapped and unable to make the major repairs required to sell in peak condition. Others consider selling a house “As-Is” to ensure a speedy sale. Even with the assistance of realtors and other professionals, it’s not uncommon for sellers to see their property on the housing market for months at a time. The time wasted on market can be detrimental to a seller’s pockets.
If you seek the advantages of selling your home “As-Is”, finding a dependable and reputable investor is a must. Selling a fixer upper can require too much labor for most homeowners. Thankfully, investors specialize in buying properties that need major renovations. While other potential buyers will nitpick at your home’s flaws, investors welcome them. This allows homeowners to forgo making expensive repairs before the sale, effectively saving money and time. Homeowners don’t have to worry about buyer complaints after closing either. If you’re considering selling a house “As-Is”, finding the right investor for you is essential.
When conducting research on investors, it’s hard not to stumble on “We Buy Houses” advertisements. From the yellow pages to signs planted on the side of busy streets, the popular slogan can be found seemingly everywhere. Investors use this line almost exclusively to advertise their unique ability to buy houses outright, without repairs or making any warranties. If you’re selling a house As-Is, the issue becomes sifting through a vast selection of investors and choosing the best one that will suit your needs.
There are a few key suggestions to keep in mind when choosing to sell your property to an investor. These suggestions will allow homeowners to receive the best price and customer service during the process. Remember, an investor gives cash offers based on fair market estimates by comparing your home to others in the region in similar condition. This requires investors to extensively research the market area and stay up to date on regulations and procedures that will assist in closing. If a potential investor doesn’t seem more knowledgeable about the selling and buying process than you, maybe they’re not a top investor candidate.
Another suggestion to keep in mind when picking out the right investor is location. Much like the small business craze sweeping the nation, localized companies offer major benefits to homeowners needing to sell. Local investors have the advantage of knowing the area better, giving homeowners a more accurate estimate when drawing up the cash offer. They have a better grasp on the local housing market. This insider knowledge is pertinent to receiving a better offer for your fixer upper. Many nationwide companies are notorious for low balling sellers to account for unknowns. Local investors know the terrain and aren’t afraid to trek it with a hesitant homeowner.
Local investors also are typically smaller. Unlike national companies, local companies give the added advantage of working with the same buyer continuously. Choosing a local investor means cutting out the middle man. This allows homeowners to earn more money when they sell, avoid hassles, and work with someone that actually knows their neighborhood. It’s a win-win situation for homeowners and small businesses alike. If there’s a choice, always go with a local investor.
Find out who you are working with when selling a house as is.
Although this may sound like common sense, communicating with the investor directly is another suggestion homeowners should consider. When on the search for the right investor, some sellers may encounter buyers that have no intention in buying the property themselves. Sometimes these potential buyers are in league with a network of investors; other times they’re sole intention is to market it to other buyers. No matter their goal, these kind of investors can be a nuisance to homeowners needing to sell their house As-Is.
Homeowners can avoid this added headache by contacting the potential buyer directly. investors offer one name when acquiring a property. That person is responsible for having the necessary funds available to purchase the property. They’re also the individual who can walk away without consequence if a deal falls through. To keep the worst case scenario from occurring, develop line of communication with the person buying your home. Ask the representative from the house buying company if they’re closing on your property themselves. Have them confirm they’re the actual buyer and not a substitute. When it comes to knowing how to sell a house as is, you want to work directly with the cash home buyer.
One of the most valuable suggestions homeowners should heed when choosing an investor is asking for references and testimonials. If they’re not easily located or readily available online, ask the company’s representative to send a few your way. No, you’re not inconveniencing the representative and it shouldn’t take very long. A professional investor will not object to verifying that their houses under contract close. If they won’t allow potential sellers to contact the closing attorney they use, the investor might have a poor approval rating. If they are unwilling or unable to send an inquiring homeowner references or testimonials, avoid them at all costs. This is a major red flag.
Established investors that treat clients with fairness and respect will have testimonials. Although these are highly biased assessments, the average testimonial will provide a general understanding of the business’s dealings, how transactions were completed, and overall success rate. Don’t be afraid to ask; references and testimonials will provide insight sellers can’t afford to ignore.
Though selling a house As-Is can seem daunting, selling to an investor can save time and money. Working with an investor helps homeowners avoid buyer complaints after closing while receiving the best price for their property. If you’re overwhelmed by the plethora of companies out there, consider location, the direct buyer, and references and testimonials before choosing the investor for you. Remember, not all “We Buy Houses” companies are created equal. Making an informed decision will give you the best house selling results.
Mark Buys Houses has made it very simple to sell your house fast and as is in Greater Atlanta. You can get a cash offer within 24 hours and close as soon as you if feasible for you. Find out how much we can pay for your house by calling us at (404) 921-3590.