Selling House To An Investor
With many different ways of selling your house, you may be considering the pros and cons of selling to an investor.
Your top questions when selling property to an investor
✅ How is selling to an investor different from selling to someone else?
Investors are looking at your property as something they intend to make a profit from, whether that’s renovating the home and selling it at a higher price in the future, or using it to rent out and make money that way. They are different from typical buyers like families, who are more interested in homes as a place to live for many years with which they feel a connection.
✅ Are there any ways to make my property more attractive to investors?
Remember that investors are looking at your house or flat as a financial decision, and whether they can make any money from it. Tell them if your asking price is good market value compared to similar properties, or how viable it might be for renting or reselling. Make sure the interior and exterior of your home are in good condition, as this can make it seem more valuable.
✅ Is it better or worse to sell to an investor compared to a private buyer?
Every home sale is unique, and whether it’s better to seek an investor or private buyer will depend on your own needs. Generally, however, investors have the funds to give you a very fast sale although you might need to accept a lower asking price. Private buyers could take longer to buy your home, but if they truly love it then they might be willing to pay more.
✅ What is the average timeline when selling my home to a fast buyer investor?
Fast home buyers like LDN Properties have the resources to make speedy cash purchases of houses and flats, without any delay whilst waiting for getting a mortgage approved. This significantly shortens the sale process and means that these investors can often finalise the purchase of a home – including exchanging contracts – within just a few short weeks.
✅ What assurances do I have with trusting a fast buyer investor with the sale of my home?
An organisation known as The Property Ombudsman (TPO) writes rules for how fast home buyers must conduct business, designed to shield owners against bad practice in the quick buying industry. Check whether a specific fast buyer is a member of TPO, and if they are, then they will adhere to those regulations, which should give you extra peace of mind when selling.
✅ If I sell my home at an auction, is it guaranteed to find a buyer?
No. It’s possible that there might be several property investors at the auction of your home and they want to buy it, but it’s also just as possible that there are no investors or other buyers at the auction who want to purchase your house or flat. If your home does not receive any bids, it will be considered unsold, and you will have to begin again with trying to find a buyer for it.
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