The Essentials of Homes – 101

Types of Local Real Estate Investors and Why You Should Sell to Them Selling your home to a local investor is a fairly straightforward process. There are four key types of investors – buy and hold, wholesaler, flipper, and the buy/flip/hold investor. Buy-and-Hold Investors In simple terms, this investor type is into rental properties. They may or may not manage their properties personally, but all of them would like to see growth in their real estate portfolio.
Finding Ways To Keep Up With Options
Wholesaler
News For This Month: Sales
This type of investor may hold your property and then sell it to another investor within minutes of the purchase. Flippers You’ve likely seen these investors on reality TV shows. They purchase a really bad-looking but cheap house in the area, repair it and make it look good, and then sell it to gain profit. Buy/Flip/Hold A combination of Buy & Hold and Flipper Investors, this is often where our sweet spot lies. The owner has to let go of a distressed property because of financial difficulties, job relocation, inheritance, divorce or any other issue. The investor buys the distressed property, flips it and turns it into a rental. Plenty of investors combine the three types while others only do one. How much the investor will pay depends on a variety of factors, such as the specifics of your property and the area’s market conditions. If you advertise your property for sale, investors will probably come to you, especially if the right keywords are used in your description, like “needs TLC” or “fixer upper.” Even if you don’t advertise your home for sale, there is still a chance investors may approach you. However, there’s no need to wait for an investor to find you. You can always reach out to those who are in your locality. So why sell your home to an investor? 1. Quick and easy cash Investors generally don’t get a mortgage, and there’s no need for you to anxiously wait for the bank to decide whether or not they will give you a loan. They pay in cash most of the time, and because they mortgage is out of the equation, they can close the deal a lot faster than a standard buyer. For an investor, closing can take as fast as two weeks to thirty days. Taking note of that, you can decide whether or not the fast sale is worth the reduced price you may have to sell your property for. 2. Repairs not needed Unlike buyers looking for their perfect move-in ready dream home, investors won’t require repairs or any other job on your property. They will instead do all the work that might be necessary to restore the home. Of course, you should expect a lower offer, but with the right investor, everything will ultimately even out. There may be more advantages if you sell your home to an investor, but these two are undoubtedly the most significant.