How Do You Sell A House to an Investor?
October 29, 2016
October 29, 2016
Many homeowners have at least a basic understanding of the way traditional home sales work: find a realtor, sign a listing contract, and hope for a buyer. However, many homeowners are surprised to learn how fast and simple it is to sell a house to an investor. Here’s an overview of the process:
Step 1: Contact an experienced real estate investor. If you’re reading this, and you have a house to sell in Northern Virginia or the Washington DC area, your work is done. (Click here to see a list of the communities where 4 Brothers Buy Houses buys homes.) If you live outside our areas, an Internet search can help you find an experienced investor in your area.
Step 2: Request a free, no-obligation quote. Investors gladly offer potential sellers a no-obligation quote, which contains the purchase price the investor is willing to pay for the house. When making quotes, 4 Brothers Buy Houses uses the same information real estate agents use when setting the sales price of the homes they list, which means you get the price your home is actually worth—not the hypothetical price a buyer might or might not be willing to pay.
Step 3: Accept the investor’s offer and sign a contract.If (and only if) you decide to accept the investors’ offer, the investor arranges for preparation and delivery of a home sale contract, deed, and any other required paperwork. Investors don’t ask you to make repairs, give credits against the purchase price, or gamble on approval of a loan.
Step 4: Sign the deed and other required documents. A deedis a document that transfers ownership of a home. To sell a house, the owner has to sign a variety of documents, including a contract of sale and a deed. When you sell to an investor, these documents are prepared for you—but you can hire a lawyer to represent you if you wish. In fact, 4 Brothers Buy Houses encourages sellers to hire a lawyer to review and explain the sales documents.
Step 5: Receive the purchase price . . . in cash! Like many investors, 4 Brothers Buy Houses pays cash for the homes we purchase. Sellers receive the purchase price at closing, which can occur in as little as ten days from the date the seller accepts the offer.No waiting on loan approvals, contingencies, or inspections.
That’s all there is to it! Selling to an investor is fast, simple, and secure—less costly than hiring a real estate agent and far less hassle than “For Sale By Owner.” If you have a house to sell, give 4 Brothers Buy Houses a call today, or click here to receive a quote online!