Home ownership just isn’t what it was in the 1950’s.
In the past, people would buy a home and live there for the rest of their lives, often passing it on to their family. Things have changed. Many first-time homebuyers are going into it with the attitude that they’ll sell when it’s time for a change. If you’re looking to sell your house, you could be frustrated.
No matter what the market conditions are at a given time, you could find yourself waiting months or longer to get a fair price on your home.
How To Sell Your House To An Investor in Nebraska
One option that many homeowners are turning to is selling to a real estate investor like The Sierra Group Home Buyers to buy your house from you.
These independent investors typically purchase homes, repair them, and then use them to generate income; either as rental units or sell them for a profit. Nebraska has numerous reputable and trusted real estate investors who will help get your home sold quickly.
Selling your house to an investor is relatively simple.
You provide him or her with information about your home and personal situation.
The investor will then inspect the home and determine a fair value, taking into account necessary repairs, and make an offer. If the offer works for you, you’ll close, and receive the payment for your house in cash… usually within 7 days if you want to close that fast.
Beware Of Wholesalers
One type of investor to be aware of, and to be very careful of, are what are termed wholesalers.
Wholesalers are individuals or companies that say they can buy your house, but once they have an agreement to purchase, they then just “shop” that agreement and try to find a “real” buyer that actually has the funds to close on your property.
Because they have nothing at risk, they can make offers that may or may not be realistic. And, if they are unable to find a real buyer to sell their agreement to and close on your property, you may be in a difficult position if you really needed or wanted to sell your property.
How To Determine If You Are Working With A Real Home Buyer
You can determine if you are working with a real home buyer by asking a few questions.
One, ask them for a proof of funds. The home buyer should be able to provide a proof of funds to show that they actually have cash or a line of credit to be able to purchase your house.
Two, even if you don’t want to close in a few days, the home buyer should be able to provide an agreement to you to close and purchase your property in just a few days. If they say they have to have 21, 30, or more days to close, they likely don’t actually have the funds to close and buy your property.
Three, ask them if they can close and buy your property, or if they intend to find someone else to assign the contract to.
How Fast Can You Sell Your House To Local Investor?
This process is extremely quick compared to more traditional methods, often taking just 7-10 days or less, if the title and closing company can check title and have the closing paperwork ready sooner.
When you work with a real estate investor… there usually aren’t any fees involved, as you don’t have to worry about paying an agent commission, and most often, the investor will cover the closing costs.
While real estate investors are often looking to purchase homes at a discount, allowing them to fix up the house if it needs repairs… and then sell the home to another home owner.
The Hidden Costs Of Waiting To Sell Your Nebraska House
Many people don’t consider the hidden costs of holding on to a property.
Extra months of mortgage payments, utilities, maintenance costs, and other fees could quickly add up. By selling at a slight discount, you could potentially end up with a larger “NET” amount in the long run.
By selling your home to a real estate investor, you’re saving yourself possible months of headache, and you can quickly move on to your new home. You’ll avoid expensive fees, closing costs, and investors will purchase your house as-is, assuming the costs of repairs that you’d have to pay if you were selling via more traditional means.
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