Let’s face it — Selling your home can be a long, stressful process. First, there’s the cleaning and the staging, then you’ve still got to make all those costly repairs. Once you list your home, the “fun” isn’t over. You’ve got to keep it ready to show at all times and be ready at a moment’s notice when a potential buyer wants to take a look.
And the longer it takes to sell, the more stress you’ll feel.
That’s why it’s no surprise that so many homeowners wonder if they should sell to an investor. After all, selling to an investor can speed up the home sale process. But how much will an investor pay for your house?
Read on to learn about how to find investors to buy your home and decide if selling to an investor is right for you.
What Is a Real Estate Investor?
Investors make their living by buying, rehabbing, managing, renting, and reselling real estate.
Often, they look for properties they can turn into rentals. Some investors buy properties to renovate, then sell for a profit. Others buy to grow equity and hold on to properties until they can cash in on the appreciation.
Is It a Good Idea to Sell to Investors?
Selling your house to an investor offers several advantages.
First, you won’t need to make repairs or upgrades, which can be time-consuming and expensive. You can also pass on staging your home or doing showings. Most investors won’t base their decision on your home’s curb appeal (or lack thereof).
Selling to an investor also means a quicker — and smoother — sale. Big plus: Not waiting around for months for potential buyers to make a decision.
And the cons? Investors aren’t always licensed real estate agents. Because most investors tend to be individuals, not companies, you may have a hard time finding reviews. So it’s hard to know whether or not you can trust them.
How Much Will an Investor Pay for My House?
When asking yourself if you should sell to an investor, you need to know how much they’ll pay and why. Keep in mind that investors tend to recognize when a property offers a good value.
In general, investors buy homes as-is. That means the purchase price may be a bit lower than you’d expect on the market. Remember, you’ll save money by not making repairs or upgrades.
How do Investors Calculate an Offer?
While every investor has their own approach, most do two things:
- Consider sales of comparable homes in the area
- Estimate the time and money needed to make the home ready to sell
Investors don’t have to be licensed professionals. That means they don’t always have access to the same resources — or have the same expertise — as real estate agents.
That said, you may try to negotiate a better price using the following tips:
- Leaving your emotions at the door
- Using data to back up a realistic top price
- Tell a compelling story
Does it Make More Sense to Sell to a Company like HomeGo?
Through selling your home to an investor offers some advantages, selling to a company like HomeGo provides the best of both worlds. HomeGo buys homes quickly, giving you a transparent offer on the spot. Best of all, we’ll buy your home as-is, so you don’t have to worry about (or pay for) repairs.
All HomeGo agents are licensed and work under state-regulated contracts for your protection. Plus, unlike when you’re selling to an individual investor, HomeGo has plenty of reviews and Better Business Bureau accreditation. When you want a quick, easy sale, there’s no better alternative.