Properties fall into disrepair for a variety of reasons. Sometimes the homeowner just doesn’t have the money to make the repairs. Other times, the family moves out of the house and into a new home before they find a buyer. The longer the property is vacant, the more likely it is to be damaged by vandals, especially if the owners moved far away. A home that was in good condition when the owners moved out could be very difficult to sell if squatters move into it or delinquent kids destroy the interior of the home.
There are options for people who face these unfortunate situations. They could tell their agent to reduce the price and sell the home for a loss. This would allow the homeowner to rid themselves of their problem home but not make much of a profit after the agent’s commission and fees. The other option is to sell Distressed Real Estate to an investor. This is generally the fastest option and involves a lot less stress than working with an agent. Sellers don’t have to worry about open houses or reviewing contracts when they sell to an investor. In fact, the entire process can be completed in just a couple of weeks.
Real estate investors are compassionate and do all they can to help people who own property they don’t want or need. They give homeowners the money they need to get a fresh start. Although they might be able to sell the house for more if they invested in the necessary repairs, homeowners who don’t have the time or money to repair the house can avoid dealing with real estate agents and demanding buyers by working with an investor instead.
Because investors buy with cash rather than a mortgage loan, they aren’t subject to lenders’ underwriting guidelines. This means they can complete the transaction as quickly as they can ensure the title is clear. Sellers won’t have to deal with buyers’ agents, home inspectors or lawyers that could delay the finalization of the deal. The process can begin by simply contacting an investor over the Internet and can close on the sale as soon as one week.