I want to use this space today to clear the name of real estate investors who are quite frequently accused of trying to “steal” people’s homes. The funny thing is that most investors, like myself really just want to help people, but there seems to be some disconnect throughout the process based on preconceived notions that home owners have about investors. I hope this post can clear the air in some way.
As a homeowner trying to sell your property, You need to ask yourself one simple question:
HOW MOTIVATED AM I?
That’s it.
The solution an investor provides to a home owner is that we are able to get you CASH for your property in a relatively short amount of time (3 to 4 weeks). This means that if you are in a situation where you absolutely need cash fast and you have decided that selling your property is the best suited option, then this is the perfect job for a real estate investor. No other professional is better suited for this task.
Reason being, most real estate investors have quick access to cash or have an extensive buyer network who are always looking for properties to buy. Our business alone has over 1000 buyers in our network looking for properties in South Florida, and we are just a small family business. If the investor doesn’t buy your property herself, one email blast from that investor to their network can have your house sold within a matter of days. That is the value an investor provides to a homeowner who is motivated.
So you maybe thinking, how much does a real estate investor charge for this wonderful service? There is usually no charge or commission for the service.
However, An investor expects that the homeowner will agree to a slightly discounted price (based on the market value which is not subjective, we can literally see what similar homes are selling for in the area). This is not an unreasonable ask. At the end of the day, this is how we earn a living and provide for our families. This discount is usually necessary to also ensure that there is profit in the deal for other investors as well, which is the MAIN reason we have the ability to acquire cash so quickly. It’s a win/win for everyone, including the home owner.
I can usually tell within the first 5 minutes of interacting with a homeowner how motivated they are. The big give away though is usually the ridiculous asking price at which point I tell that home owner to “have a nice day”, because I realize that my specialized service is not applicable in the situation.
If you have 4 to 6 months to “test” the market, by all means go ahead. I don’t think there is any real estate investor who would advise a homeowner to not attempt to get the highest amount of money for their property if they have the time.
BUT…again…The big question is, how motivated are you to sell?
If you are very motivated (need cash & have no time for whatever reason) and have come to the decision on your own that you want to sell, then chances are your friendly neighborhood real estate investor is the best person to call.