Selling to a Real estate Investor in Fort Myers and Alternative Options
Holding onto to a property that you can not make go away (sell)?
Seeking a simple solution to an outdated property?
Can you afford the property sitting unsold?
You have some options…
Look for a real estate investor.
It’s a one on one deal, making cost go down and stress to deflate altogether.
The owner will receive cash based on the agreed value.
Here’s the deal
A real estate investor is someone who buys property with cash or terms in order to fix it up and sell it.
Sometimes they rent the property out for a longer period of time, as well.
Competent Real Estate Investors have the full potential to buy your house fast and remove the stress of selling it yourself.
An investor removes the need for a seller to work with a real estate agent, so the timeline can be quicker.
Also the seller won’t pay for commissions.
An investor can give one security by paying cash for a property.
The property won’t be sitting on the market for a long time. Which is a problem now that the market has turned for the worst.
Finding one isn’t very hard
Try:
- Searching on the internet
- Look for commercials on tv or radio
- Look for signs along the highway in your neighborhood.
What is the difference between a real estate investor and a real estate agent?
An investor is the end buyer of the property, when they find a property they offer cash or terms directly to the owner of the property.
A real estate agent is not someone who actually buys the property. They advertise the property, putting it on the market on behalf of the owner. When wanting to sell a home that hasn’t quite got what it takes to reach full market price, it’s good to look for others outside the real estate agent branch.
There are so many important pieces to the game of a selling a home.
If you stop and look at the choices that are available you might start to see the entire picture of selling to a real estate investor in Fort Myers.
Here’s what you should know…
It costs nothing to hire, because they are the buyer. They usually pay closing costs.
You have other options as a seller, such as when you list it with a realtor, who can help advise on how to repair the property to raise the value to market value.
Here’s the catch….
Listing it on the multiple listing service (MLS) often takes 3 to 12 months for a sale (longer when you account for making the repairs and during a declining market).
If there is anything that comes up during the inspection period, even if you were not aware of the issue, closing can be delayed until repairs are made, canceled completely, or the buyer can negotiate your price down significantly.
Then, there is another six weeks for closing.
If the mortgage company, realtor, or broker screws up the paperwork, the buyer has a change to their financial situation, or anything else changes during the course of the closing process, there is a 3
day waiting period for Truth-in-Lending disclosure, for each occurrence, that you must wait until they can legally close on your property.
Which at that time you’ll have to pay the mortgage, taxes, insurance.
Also at closing, you’ll need to pay both your realtor as well as the buyer’s realtor.
You have a third option…
Renting out the property is another option. Where you will become a landlord and receive money on a monthly basis for the use of your property.
Bottom line…
What real estate investor are looking for are for the properties that need to be sold quicker, have major damage, or had trouble selling.
Find the right investor who has experience in the market, didn’t just get started, and make sure that they provide you with a “Proof of Funds Letter” that shows that they have the funds to close!