Are you in the market to sell your Hampton Roads home, but aren’t currently having any luck when it comes to finding interested buyers? If so, then you might want to consider selling your house as-is to a real estate investor. Many Virginia Beach, Norfolk and Chesapeake homeowners sell their house as is and enjoy numerous benefits as a result. By exploring the advantages of selling as-is, you can ultimately determine whether or not this is the right choice for you.
No Need to Put More Money Into Your Home
One of the biggest advantages of selling your home as-is to an investor is the fact that you won’t have to worry about putting more money into fixing up your home and making it “fit” for sale. When you sell your home the traditional way, you could end up spending hundreds or even thousands of dollars in repairs and maintenance just to get more buyers interested.
When you sell to a real estate investor, they know they’re buying the home as-is and therefore will not require you to make any further improvements on it. That’s their job to take care of.
No Need for an Appraisal or Inspection
Because your real estate investor is buying your home as-is and is paying cash, there is also no need for any kind of an appraisal or home inspection contingency. Unfortunately, this isn’t the case when you choose to sell your home the traditional way. Instead, when you list your home for sale to a traditional buyer, you’ll need to have a thorough inspection done on the home, followed by spending the money on any major repairs needed before the deal will go through.
Even after the inspection is done, your home sale will still be contingent on the appraisal coming back at the right number. If it comes back low, your buyer may not be able to get financing on the home and the entire deal could fall through; it happens all-too-often in today’s real estate market.
When you sell as-is, you never have to worry about waiting on an appraisal or an inspection. As a result, you enjoy a stress-free selling experience with no surprises.
Get an Instant Offer on Your Home
One of the most challenging aspects of selling a home the traditional way is listing your home, holding showings and open houses, and waiting and waiting on an offer to come in. The process can be quite long and drawn-out. If you need to sell your home quickly, your best bet is to sell to a local investor in an as-is state. By doing so, you can actually receive an instant cash offer on your home with no need to go through the stressful process of negotiating.
Not to mention, when you sell your house as-is to an investor, there’s no need for a real estate agent, so you can save that 6-8% commission for yourself.
Close on Your Home Quickly and Easily
Finally, since your real estate transaction will not be contingent on an appraisal or making sure the buyer can obtain financing, you can get your home closed on quickly (sometimes in as little as a week). This means you can get your cash, sell your home, and move on with your life rather than being tied up in a complicated real estate transaction for the next several months or longer.
Overall, there are numerous benefits to selling your Virginia Beach, Norfolk or Chesapeake home as-is to a local investor. Does this sound like something you would be interested in doing with your own home? If so, then we invite you to contact us today to learn more about the process and what we can do for you.