If you’ve decided to sell your house, you are probably trying to determine what your best option is. Should you go the traditional route of listing with a realtor? In your research you’ve probably come across a growing trend of people selling directly to investors or “cash buyers”. In this post we’ll discuss the advantages and disadvantages of selling to an investor and how to determine whether they are legit!
Disadvantage and Advantages Of Selling To An Investor Over Listing With a Real Estate Agent
In Ontario and in today’s market especially, you have various options when it comes to selling. You might try to sell your house yourself (for sale by owner). Some people are lucky enough to find a buyer that way, however many are not so fortunate as exposure to the property is very limited. The two most popular alternatives tend to be either listing your property on the MLS through a real estate agent or selling directly to a real estate investor.
There are advantages and disadvantages to both. When thinking of selling to an investor, usually referred to as a “cash house buyer” in Toronto, there is one key disadvantage to consider.
When you list with a real estate agent, the agent has usually passed an exam and has gone through various steps and applications to receive their license. In addition they have paid some hefty fees to various brokerage and licensing organizations.
On the other hand, anyone can be an investor without any formal training or certifications. Someone can just say they’re an investor and put up some we buy houses signs in their area or advertise for free on kijiji. This can definitely be a disadvantage to house sellers like you who might be looking for help in your situation but end up working with someone who has no experience or even worse may be operating a scam.
Fortunately, there ARE investors out there who have the skills, experience and most importantly the integrity to help you in your situation, no matter how complicated it is.
Here’s How To Find A Legitimate Cash House Buyer
Start by looking for the investor’s website. Do they have one? What information is on there? See if they have a contact us or about us page to learn more about them. Do they give you lots of information? Do they have testimonials on their website or google reviews?
Next give their office a call and have a discussion with them. Ask how long they have been investing in real estate? Do they sound like they know what they’re talking about? Are they helpful? Ask them to explain their process and how the transaction would work. A reliable investor should not be pushy and should give a no obligation offer (in writing!).
With just these two steps, you can learn a lot about an investor, whether they have experience and whether they can actually help you. While anyone can be an investor, there are many great real estate investors out there who have your best interests at heart and who will work hard to help you.
Consider our company, for example: you are welcome to click around our site and learn more about us. We are an open book and always happy to help. Feel free to get in touch with us to ask our team questions before you decide.
When it comes down to selling your house through an agent or to an investor, selling to an investor is faster and easier… as long as you find the right investor! We’re happy to talk to you before you make any decision! We want to get to know you and earn the right to buy your house.