“While it's a common misconception that investors lowball offers, many provide competitive pricing.”

The Unforeseen Turn in Jane's Life:

As Jane stood in her front yard, staring at the 'For Sale' sign that had been there for what seemed like an eternity, she couldn't help but feel a mixture of frustration and anxiety. The traditional route of selling her home through a real estate agent had brought her nothing but lowball offers and endless negotiations. That's when she heard about an alternative path - selling to a real estate investor. Little did she know, this decision would not only expedite her selling process but also offer benefits she hadn't even considered.

Why Consider a Real Estate Investor (Top 5 Reasons)?

1. Faster Sales Process

One of the most significant advantages of selling to an investor is the speed of the sale. According to data from the National Association of Realtors (NAR), the average time a property spends on the market is approximately 24 days as of 2023.

In contrast, transactions with real estate investors can close in as little as 7-14 days. This is particularly beneficial for those needing to sell quickly due to circumstances like relocation, divorce, or financial distress.

Plus, the longer the property tends to stay on the Multiple Listing Service (MLS), the perceived stigma that there's something wrong with the property begins. This perception costs homeowners thousands of dollars because now buyers believe they can submit lower offers.

2. As-Is Purchase Offers

Traditional home sales often involve costly repairs and renovations to make the property appealing to a broad market. However, real estate investors typically buy properties 'as-is.' This approach can save sellers like Jane substantial amounts of money and time.

A report by HomeLight in 2022 highlighted that the average home seller spends around $21,000 on preparations for a traditional sale.

On top of that, in most cases, homeowners typically do not recoup the entire costs of repairs and renovations. Which begs the question, is it worth putting in the money, time and effort versus selling the property as is?

3. Avoiding Foreclosure

For homeowners facing foreclosure, selling to an investor can be a lifesaver. The U.S. Foreclosure Market Report by ATTOM Data Solutions revealed that there were over 230,000 foreclosure filings in 2023.

Selling to an investor allows homeowners to avoid the long-lasting impact of a foreclosure on their credit score.

If this is a situation you're currently facing, check out our how to avoid foreclosure in Connecticut post. We provide helpful suggestions that may help you in your time of need.

4. No Need for Traditional Listing Hassles

Based on the people we've helped, this is probably one of the top five reasons why homeowners decide not to list with a realtor. A survey by Zillow in 2023 found that 36% of sellers found the process of keeping their home show-ready to be one of the most stressful aspects of selling.

Investors eliminate this hassle, as there's no need for staging, multiple showings, or waiting for buyer mortgage approvals.

5. Competitive Offers

While it's a common misconception that investors lowball offers, many provide competitive pricing. The Real Estate Investing Market Analysis of 2023 indicated that in certain markets, investors were willing to offer near or at market value, especially in high-demand areas.

So don't shy away from contacting a reputable home buyer in your area. You may be pleasantly surprised by the offer you receive. In some cases, you net more from the sale of your property by working with a real estate investor compared the traditional home sales process.

Find out how Green Pear Homes makes its cash offers.

The Bottom Line

When Jane decided to sell her property to a real estate investor, she was pleasantly surprised by the straightforward process and the fair offer she received. This route isn't just a last resort; it's a viable option for many sellers seeking a more efficient and less stressful way to sell their property.

For homeowners considering this option, it's essential to do thorough research and consult with real estate professionals to understand the current market trends and get the best deal for their specific situation.

Remember, every property's situation is unique, and what worked for Jane might not be the perfect solution for everyone. But in the ever-evolving real estate market, it's definitely an option worth exploring.