
"LOCAL" INVESTORS
As real estate investing becomes more popular, more "local" investors are out looking for properties. Some investors are looking for homes to "flip", while others are looking for rental properties.
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We use our large database of local investors to get you even more options. As with "corporate" investors, there are pros and cons to these offers, which we will help you understand.
QUICK, "AS-IS", CASH OFFERS
If you are in a situation where you need to sell fast, don't want to do any repairs, and just want to move on with life - a "local" investor can be a great option. Some can close in as few as 7 days and will buy your home "as-is" regardless of the condition. You don't even need to clean on the way out!
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But even if your home doesn't need a lot of repairs, we work with many investors looking for "rent-ready" properties. And they'll still buy your home "As-Is" and give you a quick-close cash offer. "Local" investors also don't have many of the restrictive buying criteria that "corporate" investors have. Most truly will buy any house in any condition.
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So what are the Pros and Cons of "Local" Investors? Glad you asked.
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PROS:
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Simple, clear, NET offers - An offer of $200k, means you'll get $200k (unless you still owe on the home). They pay for all closing costs and fees.
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Quick and Easy - Close when you want, sometimes within 7 days.
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Less Stress - Sell your home "As-Is" and you don't have to worry about constant showings
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Flexibility - Need an extra week in the home after you close? That's a lot easier to work out than with a traditional buyer.
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CONS:
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Lower Offers - Investors are looking for discounts, which means they typically offer less than you would get on the market. Sometimes the Net Proceeds aren't substantially different, but they can be.
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Unreliable Buyers - Anyone can technically call themselves a real estate investor, and therefore it's possible to get an offer from someone who really doesn't have the funds needed to buy your home. We combat this by vetting each investor, requiring proof of funds, and often requiring a non-refundable deposit to show they are serious.