What are the pros and cons of selling to an investor?
Are you planning on listing your Austin Texas home for sale in 2019? If so, you most likely will receive an offer from a real estate investor.
Should you accept the offer from the investor or wait for an offer from a traditional home buyer? In this article we will provide you with the pros and cons of selling your home to a real estate investor.
What’s The Difference Between A Traditional Home Buyer And An Investor?
Before we dig into the pros and cons of selling your home to an investor we have to break down the differences between a traditional home buyer and an investor.
Traditional Home Buyer – This buyer will purchase the home and live in it as their primary residence.
Real estate investor – This buyer will be purchasing a home for the purpose of renting it out or fixing up the property then reselling it.
The good news about selling to a traditional home buyer is that these buyers have been pre-qualified for financing and will pay the asking price for your hoe.
Pros And Cons Of Selling To An Investor
Pros – If you have to sell your home quickly, selling to an investor is the way to go because a typical investor will be able to pay you in cash for your home plus offer you a fast closing.
Cons – Since the average investor wants to make a profit, don’t be surprised if an investor offers you an offer for your home for less than what it’s worth. The obvious trade offs are a quick closing and the cash that you will be receiving from the investor for the sale of your home but if you want to sell it for full price then it may be better to wait for an offer from a traditional buyer.
Sell Your Austin Texas Home
Ultimately the decision on selling to an investor versus a traditional home buyer is up to you. To get started with selling your home contact us today by calling (512) 944-7378 or click here to connect with us online.