
SHOULD I SELL TO AN INVESTOR?
Ohemaa Limbee
Description
Common reasons to sell to an investor While most people sell their home the traditional way, there are a few scenarios where selling to an investor might make the most sense. Inherited home If you’ve inherited a property from a family member and you don’t plan to live in the home, you won’t want it to sit empty for too long. Not only can a vacant home be a target for vandalism, but if you sit on the property in a fast-moving real estate market, you could be on the hook for capital gains taxes. Foreclosure If you’re behind on payments and need to sell quickly, an investor might be a good option. Disrepair If your home requires a lot of updating or repair work to be attractive to traditional buyers, it may be appealing to sell your home as-is to an investor. No financing possible If the home you’re selling doesn’t meet safety or permitting standards, most lenders won’t finance a loan for the property, which can make it hard to sell to a traditional buyer. Need timeline flexibility If you’re selling on a very specific timeline, you usually have more control over the close date with an investor, since they’re not timing a move-in date the same way a traditional buyer is. Currently in escrow If you’re trying to time a sale and a purchase at the same time and your new purchase is contingent on your old home selling, going with an investor offer can speed up the process. Relocating for work Often a job relocation requires a faster-than-average timeline. Selling to an investor can be faster than waiting for the perfect buyer. Divorce Divorce settlements require both parties to divide the assets, and selling fast and splitting proceeds can often be an easier way to go. Tenant occupied Doing repairs, taking listing photos and scheduling showings with tenants living in a house can be complicated, so people owning rental properties often turn to investors when it’s time to sell. Selling your house to an investor Even if your personal situation doesn’t fall under the common reasons listed above, you might benefit f
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SHOULD I SELL TO AN INVESTOR?
Ohemaa Limbee