Local Reputable Investors Who Can Offer Cash For Your House

Local real estate investors can be a great partner when selling your house. Real estate investors can offer all-cash and can close on your schedule. Selling with a local investor can also save you thousands on commissions, fees, and repairs. Companies like Acropolis have been helping homeowners for years. Their cash offer also ensures your home always appraises for the price you agree to regardless of its condition!

If you decide to sell with a local real estate investor, make sure said investor is reputable. This means being aware of a few things on top of online reviews.

1) Make sure the investors are local: Often times investors from different areas will try to buy your house. This can be problematic because they do not know your local market well. As a result, these investors will often trap homeowners with a ‘great price’ only to ask for price reductions. This can be particularly problematic for homeowners who need to coordinate their home sale on a specific timeline.

2) Understand the difference between a ‘wholesaler’ vs ‘fix and flipper’: Wholesalers are a type of real estate investor with a notable catch. The process of wholesaling real estate entails acting as a middle man between home owners and actual investors. Wholesalers will buy a house for a lower price and re-sell it to other investors without doing anything to add value the home. This means as a homeowner you make less than selling directly to a ‘fix and flipper’.

NOTE: Fix and flippers can usually offer you more for your house because they invest time and money in adding tangible value to the properties they buy.

Coporate iBuyers

You’ve probably encountered corporate iBuyers. These companies include the likes of Zillow Offers, OpenDoor, Redfin and more. Corporate iBuyers are some combination of wholesalers and fix and flippers. There are pros and cons to corporate iBuyers.

One of the pros is they are large. What this usually means is that they can offer a good price for your home. The cons are that they often include several hidden convenience fees that aren’t obvious until you are deep into the transaction.

Some people have a moral aversion to corporate iBuyers as they play a role in pricing some traditional home buyers out of the market. While this is up for debate it’s something to consider and research.

If your ultimate goal is finding an easy way to get the most money for your house, then iBuyers are a good option! A solid strategy would be to connect with an iBuyer and local fix-and-flipper to weigh multiple offers with the best terms.

FSBO (for sale by owner)

There is no law that says you need a real estate license to put your home up for sale on the open market. Many homeowners decide to go the FSBO route when selling their home. In the perfect scenario, and FSBO listing sells for a great price with no hiccups. In this scenario the homeowner can put more money in their pockets. Unfortunately, its usually not that easy.

FSBO sellers are at higher risk of either underpricing their home putting them at risk of getting low-balled. Alternatively, they might overprice their home risking the house sitting on the open market for a long time. The latter is concerning if you are trying to sell your house fast.

Beyond that, FSBO transactions likely still have to put up with the challenges of repairs, inspections, and price reductions. While all of these can be overcome, its often preferable to opt for a more hassle-free transaction.

Jane