How to Find a Real Cash Investor to Buy Your House
If you’re selling your house and looking for a way to get the deal done fast, you may have thought about selling to a real estate investor and remember, we buy houses in Orlando! No doubt you’ve seen numerous posts and ads from people claiming to buy houses for cash, but what does that really mean?
We want this article to help you to identify a true cash investor and learn how selling to a cash investor can save you time and money compared to other methods of selling your house.
Different Types of Real Estate Investors
There are many real estate investors in the market today, but not all of them are equal.
First, there are individual buyers. If you’re listing your property on a For Sale By Owner (FSBO) site, you’ll receive calls from buyers who state that they pay cash. But seller beware! You could be dealing with someone who will be getting a mortgage to buy your house. These buyers often ask for multiple seller concessions including paying their closing costs or holding a seller carryback second mortgage to get the deal done. This is a time-consuming process because you must wait for their lender’s underwriting cycle. You also risk the deal falling through if the buyer or property doesn’t meet the lender’s guidelines.
Another type of individual you’ll encounter finds deals for or flips properties to other investors. They enter into a contract to buy your property and either assign that contract to another investor. Alternately, they may enter into a contract to sell to the investor. The problem with this type of investor is, they are depending on someone else’s money to buy your house. The final investor will want to appraise or inspect your property and may ultimately cancel the contract weeks or months into the process.
Finally, there are professional full-service cash investors like us here at As Is Now. We are true real estate professionals who focus on buying properties. What sets professional cash buyers apart is that they:• Have their own funding already available in cash before they make an offer on your house.
• Don’t require traditional appraisals because they have their own valuation methods in place.
• Make an immediate offer on your property, within 24 hours and often the same day.
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