When you walk across the street or visit another neighborhood; you’ll see signboards. You’ll come across yard signs, and small billboards posted by, “we buy houses company.” You’ll read terms like “sell house fast” or “we buy houses for cash.”
These advertisements are mostly posted by a cash buyer or an investor. As you already know, investors are offering quick ways to purchase your house. Real estate investors are professionals willing to buy your home as-is for a cash price but, an investor doesn’t need a license to buy your home. Unless you do some research, you don’t know who is the actual buyer of the property. When you sell your home for cash, you might be working with a wholesaler or a direct buyer aka rehabber. What’s the difference between working with a rehabber or a wholesaler?
This article will discuss just that.
Who are the Buyers of Your Property?
Your goal is to sell your house. So, you connect with a buyer or a buyer’s representative. If you are working with a rehabber, you have found a direct buyer. The wholesaler will eventually sell your house, but he acts more as a middleman. Like any deal, the wholesaler will charge a small commission which will be paid by the buyer of the property. Both people are concerned about buying your home. They can offer quick closing and an as-is sale.
Selling Your Home to a Property Rehabber
A real estate redeveloper is a cash buyer willing to purchase your home as-is for a cash price. After buying your property, the redeveloper will improve the property. He’ll replace outdated wiring and plumbing structure. The property will be renovated, and after the work is complete, the redeveloper will sell the house in the retail market, for a profit.
Real estate redevelopers offer benefits to the seller. These benefits include an all-cash offer, an as-is sale, and eliminated fees. When you sell to a redeveloper, you don’t pay any commissions or closing costs. It’s going to be a smooth sale of your home because the cash is available and you don’t have to spend time or money repairing the house.
Selling Your Home to a Real Estate Wholesaler
A wholesaler will sell your home to an investor. The wholesaler does the hard work. He finds you, offers you a solution and if you accept his offer, he will draw a contract with you. After that, the wholesaler finds a buyer for your house. More likely, he’ll contact buyers in his list, and an investor will purchase your home as-is.
Investors are interested in working with a wholesaler because it’s time-saving. The wholesaler has done the heavy lifting. He has educated consumers about the process, and if you’re ready to sell the house, the investor has to pay the cash and close the deal. As a seller, that results in a convenient sale of your home, and for the investor, it means a deal is settled quickly.
Selling home to a wholesaler seems a risky option because after all, the wholesaler is not a direct buyer. You can’t sell your house if the wholesaler fails to find a purchaser. On that note, we can say, work with a reputable person. Research their history. Do they have a proven marketing strategy for buying and selling homes?
Working with an experienced professional can be a rewarding experience. Experienced wholesalers have a list of buyers who are ready to buy your house at any moment. So, when you sign the contract with a reputable wholesaler, you can expect to sell your home quickly without any problem. Moreover, experienced wholesalers are also rehabbers. They have experience rehabbing properties, and they can give you a better fair price quote.
If you are looking to sell your home, you can contact CT House Buy LLC. We are a real estate redevelopment firm, helping you find real estate solutions. Please send us a message or give us a call to start your free consultation.