In good times and bad, there are occasions when you need to sell your home quickly. Maybe you’ve been given a 30-day notice to relocate for a job opportunity across the country. Maybe you need to sell your home quickly because you’ve recently lost your job, received bad health news, or experienced a family tragedy and now find yourself in a financial bind.
Regardless of the reason, if you want a quick and painless sale, a flipper or iBuyer can be a good option. Before agreeing to sell your property, it’s crucial to understand the distinctions between these two options, even though they both promise a fast cash offer and easy closing.
The chart below is a valuable tool to visualize the process.
A “flipper” is a real estate investor who buys houses, fixes them up, and then sells them on for a profit. What makes a flipping sale unique is that the sellers often have a home in need of significant repairs but don’t want to or can’t make those fixes themselves. An investor will buy a house in any condition, whether it has a cracked foundation or was recently destroyed by fire.
iBuyers are investors who know a lot about technology and can quickly figure out a property’s fair market value by using algorithms and other software. Once the offer is accepted by the seller, the iBuyer will begin the closing procedure, which can be completed in a matter of weeks. After that, it will be their job to advertise the house and sell it for a profit.
iBuyers are not necessarily searching for a fixer-upper when they buy a home; however, they do want a property that can be purchased and resold quickly. iBuyers operate similar to a real estate wholesaler.
Sellers searching for speedy, all-cash offers have several options in today’s real estate market. The trick is to not rush into anything; instead, think carefully about your alternatives, whether you want to sell a fixer-upper to a house flipper or a turn-key property to someone who has to sell it soon.
Before you sign any contracts with potential investors, it’s important to do a lot of research on them and have a real estate broker or lawyer look them over. If you have real estate you want to sell in northeastern PA and choose us at We Buy Houses in Pennsylvania, you’ll get the best of both worlds. Our licensed agents have the ability to present you with two paths: a cash offer or list the property. We take great pride by offering more than one solution to you, the homeowner. With some options, you can rest assured that you’ll get the best cash offer for your house with the fewest headaches.
What if you have raw land for sale or a lead for it? Learn how to make a profit with raw land. In certain circumstances, empty lots and land can carry a fair amount of value. Of course, the #1 determining factor is always the same: location, location, location! Someone can buy raw land and if the location is desirable, the land value increases and the lucky owner can sometimes pocket a nice profit. Generally speaking, many cash investors do provide cash offers for raw land at times. If you wish to sell land, contact us, fill out the short form, and let us know.