Benefits
Selling to an Investor vs. a Realtor
Investor
- Quick escrow period
- No commision fees
- No showings
- No repairs
- Certainty and convenience
Agent/Realtor
- Pay commission to agents
- Lender required repairs
- Financing fallout due to unqualified Buyers
- Property must appraise
- Buyer can request seller's contribution towards closing costs
- Buyer option period to negotiate repairs-can terminate contract if not satisfied
- Showings all day - every day (including weekends)
- Buyer requests seller to pay OTP
- Buyer requests seller to pay for survey
- Ad Infinitum
Photo by Kostiantyn Li on Unsplash
Common reasons to sell to an investor
- Distressed Property: If you own a distressed property or one that requires significant repairs, selling to an investor can be a practical solution, as they are often willing to take on properties in less-than-ideal condition.
- Avoiding Foreclosure: If you're facing foreclosure or financial distress, selling to an investor can help you avoid the negative consequences of foreclosure and potentially salvage some equity.
- Avoiding Listing Fees and Commissions: Selling to an investor typically involves fewer fees and commissions compared to selling through a real estate agent, allowing you to retain more of the sale proceeds.
- Inherited Property: Inheriting a property can present unforeseen financial challenges and can also come with its own set of complications, particularly if there isn't a clear will or plan in place. TYL will offer assistance on how to avoid the pitfalls associated with an inherited property. They can provide expertise in handling the financial aspect of selling your property by helping individuals and families navigate through the complexities involved.
- Tax Arrearages: By selling to TYL in advance of an auction, depending on the situation, individuals can potentially avoid the stress and financial burden of a tax foreclosure sale. When a property owner falls behind on taxes, it can indeed trigger the process leading to a tax foreclosure auction. This can result in the loss of the property and any equity the owner may have built up.
- Quick Sale: Investors often have the resources and willingness to make fast purchases. If you need to sell your property or asset quickly, selling to an investor can be a viable option.
- Cash Offer: Investors frequently make cash offers, which can be advantageous if you need immediate liquidity or want to avoid the complexities of financing.
- As-Is Sales: Investors typically buy properties or assets in their current condition, without requiring repairs or renovations. This can be appealing if you don't want to invest additional time or money into preparing the property for sale.
- No Contingencies: Investor purchases often come with fewer contingencies compared to traditional sales, reducing the risk of the deal falling through due to financing or inspection issues.