It’s A Seller’s Market, Right?
Let’s say you have a property to sell and all this talk of a “seller’s market” has set your hopes high for getting top dollar for your property. The good news is that we are in a time that favors the seller - interest rates are low, supply is low, and demand is very high. The bad news is that retail buyers still have an expectation of buying a property that is updated, structurally sound, mechanically functioning, will pass an inspection, and appraise correctly for a lender. When a homeowner’s property is in distress or the homeowner is in distress the “seller’s market” will be of no assistance. In a situation, such as this one it is time to call a local Real Estate Investor.
If you are new to this market, let me define for you what a “seller’s market” really is. Google defines it as “an economic situation in which goods or shares are scarce and sellers can keep prices high.” In laymen terms, this would mean that the seller can get the most bang for his buck because the housing market is in high demand for more housing to come available on the market. In this situation, the seller can benefit more than anybody.
The downside is if a home is in some type of disrepair, then it will be hard to
without first making the necessary repairs, which then means you can’t benefit from the retail side of the market quickly, if at all. Instead, the seller must look elsewhere to sell their property. This issue leads us to look at the buyer’s market, which in this case would be a Real Estate Investor. Let’s stop and talk about the investor (buyer’s) side of things for a moment. It is good to understand who they are and what part they play in the buy/sell process.
First off, an investor usually either works on their own time and dime, or they choose to work through local Property companies who find, renovate, and sell the properties. If they choose to work through a Company, then a percentage goes back to the investor and the Company keeps a percentage. This allows them to sell the house fast or it can just be turned over to the Property Management Company to rent out and upkeep.
Selling to investors can be a great way to get out from under a troublesome situation in a hurry, such as bad pipes, broken A/C unit, or foundation issues. If you can’t afford your home, or you need to get out from underneath it in a short amount of time, investors are the best route to take. They are set up to buy and sell the house fast. The positives outweigh the negatives by a lot. It’s just most people don’t know about taking this route and haven’t considered it. That’s our job is to educate you on this process and what is available to all you seller’s out on the market today!
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