Selling to an Investor: Tips to Choose the Buyer for You

| February 28, 2012 | 0 Comments More
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Selling your house can be a significant challenge, even in the best of economic times. When the housing market is in some sort of downturn, it can be especially difficult to find home buyers. But there are plenty of home buyers in Philadelphia and plenty of folks who buy houses in NJ, along with Maryland, Virginia and Washington, DC.   If you want to sell a house fast, one of the best ways to get this done is by selling to an investor. The economic downturn has made it so that many people can’t qualify for a mortgage right now, even if they wanted to purchase and move into a new home. The people who buy houses in Pennsylvania right now are investors, because they still have capital to work with.

Selling to an investor isn’t all peaches and ice cream, though. If you want to sell your house now in Philadelphia, you have to be willing to put in the hard work to find the right investor. You will want to find the perfect person to purchase your home because that will make the process much easier for you. There are some really serious pitfalls that people can fall victim to when they sell a house for cash in Philadelphia. What are those problems? It all starts with not doing your homework when picking out an investor. There are some questions you have to ask of these people when they come to buy your house.

The desire to sell your house now can sometimes force you to make hasty decisions. First and foremost, you need to find out who exactly you are dealing with. One of the major problems that home sellers run into is that they don’t ever get enough information out of the investor that’s looking at their home. Is this person the principal investor or are they just acting as an agent for other investors? These things are very important, because they will ultimately have an impact on the time frame for selling your home and any discussions that you have with the seller.

Likewise, you need to find out exactly where they stand in terms of financing. Many have the cash on hand to make a quick purchase, and that can be especially beneficial if you are looking to sell a house fast. You should understand their position as a local company or if they are a national investment company. The bigger companies will have more red tape when it comes to getting a deal done and there will be more people in on the decision making process. Smaller companies will be able to work more directly with you in order to get a deal done.

When people advertise that “We buy houses in Philadelphia”, you need to know if they are going to work with you to sell the home on your terms. As a home seller, you have a price in mind and you have a time frame in mind. If one buyer does not work out, you have to be able to act quickly to find another potential buyer. You need to ask the hard questions and figure out where you stand with potential investors, because they will have to get on board with your plan if things are going to work. Otherwise, you might be wasting your time and hurting your chances for a successful sale down the road.

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Category: Blog, Selling To An Investor

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