Selling Your Home to a Real Estate Investor
You only have to drive around your town for a little while to come upon “we buy houses cash” or “We Buy Ugly Houses” type signs plastered all around on telephone poles or street signs. The signs let you know that there is a company out there that will buy your home, no matter what state it’s in. These are investors who are looking to flip your house for a profit. Housing flipping has become a lucrative business model for a number of real estate investors.
Unfortunately, while these companies do fill a need for certain sellers, they are not always the best solution for homeowners who want to sell. If you are considering using such a company, it is worth your time to learn a little more about your options. You may find that you can get a better price by working with a local real estate agent.
Keep in mind that we buy houses flipping companies are after one thing – buying your home for dirt cheap! They will often offer you anywhere from 50-70 percent of the actual value depending on how desperate you are to sell. By definition, house flipping is where a real estate investor purchases a property for less than its value, makes any necessary repairs and updates, and then sells the home for a profit typically within a short period of time.
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