The real estate market has been revived by renewed confidence in houses as promising investment vehicles. This is quite telling considering that the market is still recovering from the global economic downturn that affected many economies throughout the United States. Today, you will find more and more people exhibiting a willingness to put their homes on the market.
If you have decided to put up a ‘for sale’ sign on your lawn, you should brace yourself for many offers. These offers are not limited only to individuals but some real estate investment companies as well.
The Rise of the Real Estate Investment Companies
There has been an explosion of real estate investment companies in the market recently in response to the huge number of sellers. They come with a lot of merits.
So what are the merits and demerits of dealing with such companies? Below are the key ones:
i) They buy on an ‘as-is’ basis
In what is considered a buyers’ market, sellers find themselves in an extremely delicate position of justifying themselves. They need to ensure that buyer has no reason to say no to the property. To this end, they must repair all the problems house has in order to appeal to the individual buyer.
However, most real estate investors are not fussy about the condition of the house. Whether the house is run down or in tip-top shape, it doesn’t matter to them in most cases. They will buy just the way it is. This means that as the seller, you don’t need to expend too much energy and resources sprucing up the house.
ii) Real estate investors are very flexible in terms of payment
Individual buyers are bound by certain limitations that real estate investors are not bound by. For instance, individual buyers must wait for mortgage financing to come through before sealing the deal. Real estate investors, on the other hand, have a variety of options for payment at their disposal. They can schedule cash payments, pay upfront, pay your mortgage if your under threat of imminent foreclosure and so on.
iii) Quick turnaround time
As a seller who is intent on selling your house in Jacksonville quickly, you want someone who is experienced and can go through the buying process with speed and ease. Real estate investors will usually handle just about everything to ensure that it moves quickly and smoothly.
i) Some real estate investors might scam you
Because of the increased interest in the real estate investment by sellers, some criminals have infiltrated this arena. They are out to con unsuspecting homeowners by requesting them to sign over their property before payment can be made. Therefore, you must be very careful about whom you are dealing with and vet them thoroughly.
ii) You might not get every last dollar out of your property
Real estate investors seemingly hold all the cards in the buying process. They are aware of how their money will guide the direction of the conversation about selling. Many people will sacrifice a little equity in their property in order to ensure they have a fast sale with a reliable cash buyer. They believe it is worth it to receive a little less but be sure that they can close the deal in the time period they want to. It is important to take time to know whom you’re dealing with and what their business practices are. The Better Business Bureau is a great place to start your research on the company you intend to do business with.
Real estate investors are a great option if you want to sell your house in Jacksonville quickly. However, choose a company with a good reputation to be on the safe side.