Most of the time we think about selling our houses we tend to think of buyers like ourselves, families and the like. It is probably the case that these are the majority of buyers out there, but it’s certainly not all of them. Ever since the economic meltdown a few years back companies and private investors have been buying up properties, fixing them up, and turning them for nice profits. Likewise, real estate agents have been offering those we buy your home incentive programs to entice more sellers, and thus more buyers. At times I feel this is looked upon more negatively than a owner occupied home, but I think the thinking should change, and I will explain why.
Today’s economy is no doubt a global one, just about every Fortune 500 company has a global footprint in the market. Because of this, companies are always looking to relocate employees to different locations, and sometimes different countries altogether. While this gives their employees great experience, it also leaves them burdened with selling their home in a hurry. Turning to a real estate company, or a company that invests in real estate, can help you turn your house overly quickly and without hassle.
Unfortunately, many homeowners are simply trying to get out of their house because they are underwater on a mortgage, or perhaps finding it more difficult to keep up with the monthly mortgage payment. Foreclosure and bankruptcy are the least desirable option for any homeowner in dire financial straits. However, most people find themselves with few options when they simply don’t have the cash. Negotiating on a fair sales price, or a short sale with an private investor may be easier than an overly eager deal seeking potential buyer. You may not get the large check you envisioned all those years ago when you first bought your home, but you also won’t be stuck with an expensive mortgage, high interest rate, and ruined credit.
Lastly, many homes have fallen into disrepair over the past few years. Either due to a lack of attention by the homeowner, or the lack of cash to finance improvements. An out of date home in serious need of repair can be attractive to an investor or agent with the handy skills to fix it up at a low cost. I personally do not have these skills, as such I am hoping that I can sell my home before any major costly repairs spring up.