How A Real Estate Investor Can Help You!
Selling real estate properties through an investor is the best option when the home is inherited, facing foreclosure, needs repairs, going through probate or needs to sell fast. Opting for this route provides a practical way to save time and money. The traditional selling process is known to have a number of wild cards. Although the objective remains the same, each transaction handled through a real estate investor is unique.
The needs and expectations of homeowners tend to vary. Some sellers demand considerable control and this means a traditional real estate agent is not suitable. Real estate investors, on the other hand, take the seller’s personal circumstances and financial goals into consideration. This is aimed at achieving the best possible deal in a timely fashion. These professionals typically work closely with a number of other investors and buyers, which is highly beneficial to all parties involved.
Unlike traditional real estate agents, they have the capacity to release payments in a matter of days. Investors do not work on commission, which means the seller keeps funds from the transaction. Typically, real estate commission ranges between 5 and 6 percent. In addition, homeowners may be required to pay title fees, escrow fees and for repairs.
In some cases, the realtors demand payment for seller concessions. The seller is asked to contribute towards the mortgage application fees or the costs of closing. Alternatively, the realtor requests down payment assistance, which makes the deal significantly expensive. Some of the curve balls associated with traditional real estate transactions include low appraisals, which have the capacity to cost sellers up to 5 percent.
On the other hand, a real estate investor like KJM Home Solutions buys properties as-is. The company has been operating in this sector for many years. It boasts a network of resources and extensive knowledge of the real estate market.