Homeownership has changed tremendously since the 1950’s.
Before, folks were buying a house and then make it their home for the rest of their lives, and then pass it on to family. This isn’t the case anymore. Not, most home buyers start buying homes with the mentality that they can sell it as soon as it is time to switch it up, for whatever life circumstances may happen. Many first-time homebuyers are going into it with the attitude that they’ll sell when it’s time for a change.
In New Jersey, despite the fact that it is slowly shifting, it is still predominantly a buyer’s market. With such a surplus in properties available, that might mean months (or possibly years!) before you get what you want for your house. If that’s the case, then you might want to start looking into some other options, like selling to a real estate investor.
How To Sell Your House To An Investor in New Jersey
This is an option that is often overlooked, simply because it’s a little outside of the box, and most people just don’t quite understand How to Sell Your House to an Investor. But this option is becoming more popular in recent years because it is more convenient than traditional means. In fact, when you find a credible company like Savannah Properties , which helps homeowners get a fair price for their house, more people are finding that it’s a good decision – it just needs to be a credible company.
These professional home buyers usually buy the properties, fix them up, and use them as a source to generate income; either by selling them for profit after the work is done or keeping them as a rental property. New Jerseyhas a number of reputable, trusted investors that can provide a way for you to sell your house much faster once you understand How to Sell Your House to an Investor.
Selling a property to a real estate investor is quite simple.
To begin, you’ll just start with a friendly phone call so that you can give them some basic info about your property as well as your own personal situation so you can discuss what you’d like to accomplish.
Next, you’ll set an appointment for the real estate investor to check out your house so they can determine a fair purchase price. They will take into consideration the repairs that need to be made and then make you an offer. If it’s an offer that your satisfied with, then usually you’ll close within a matter of days (or longer if you need), then receive a check out of escrow for your home!
How Fast Does The Process Take To Sell Your Property To A Real Estate Investor?
Unlike traditional sales, this method of selling your house is actually really fast. With traditional sales it can take several months (even years!) and selling to a real estate investor can take just 10 days.
The great part about how to sell to sell your house to an investor is there are not any fees (if you sell to the right investor) so you won’t be paying any real estate commissions to an agent and a good investor will normally pick up the closing costs, too!
It is true that real estate investors are looking for a discount (that’s the only way it makes sense for them to buy it, because they will need to go in and make all the repairs) they are not doing it to rip you off, they are doing it so that everyone – including you and them – can make some money.
Identifying Hidden Costs Of Selling Your NJ Home Traditionally
Something that not everyone considers when they sell their home traditionally (waiting it out for the right buyer) are the hidden costs when they hold onto a house.
All of the extra months making the mortgage payment, paying for utilities and costs of maintenance really do start to add up quickly. When you decide to sell at a little bit of a discount, there is the possibility that you could actually end up making more money in the long run by saving on the holding costs.
When you sell your property to an investor, that saves you not only the months of holding costs but also save you all the headaches, and gets you into a new home even faster. You will also avoid all the fees, the closing costs, and you won’t have to make any repairs since an investor will buy your property “as-is”.