As a homeowner in Eugene, you may have considered working with an investor to buy or sell your property. However, there are many misconceptions surrounding this process that may be holding you back from pursuing this option. In this blog, we will address homeowners’ common misconceptions about working with an investor and show you how it can be a lucrative and simple option to sell real estate.
Misconception #1: Investors Are Only Interested in Distressed Properties
Homeowners often believe that investors are only interested in buying properties or homes that are in poor condition or are located in distressed neighborhoods. While this may be true for some investors, it is not the case for all. In fact, a lot investors are interested in buying properties that are in good condition and located in desirable neighborhoods. These investors are often looking for properties that they can buy to make and hold onto to turn them into rental properties or they may choose to flip the property for a profit. Many are willing to pay great prices for these homes, since they require less work than a distressed property, while still offering you the simplicity of a direct sale.
Misconception #2: Investors Only Want a Quick Profit
Another common misconception is that investors are only interested in making a quick profit and are not concerned with the homeowner’s best interests. While it is true that investors are running a business and are looking to make money on the purchase of a property, many investors are also interested in building long-term relationships with their clients. This means that they will often work with homeowners to find a solution that benefits both parties and ensures a successful transaction. A direct buyer should listen to what a seller needs, this often goes beyond the money from the transaction, it can be meeting a specific timeline or assistance making the move to their next home.
Misconception #3: Working With An Investor Means You Will Get a Lowball Offer
Many homeowners believe that working with an investor means that they will have to sell their home for less than its market value. While it is true that investors are looking to make a profit, they also understand the value of a property and will often pay a fair price based on market conditions. In some cases, working with an investor may even result in more money in the pocket of the seller faster because they won’t be paying fees, commissions, closing costs, or doing any repairs on the home. A reliable investor will be transparent on how they came to their offer and be able to show what a seller would be paying out if they chose to go on market.
Misconception #4: Investors Only Buy Homes
Some homeowners believe that investors are only interested in buying properties and are not interested in helping sellers during their sale or transition. However, many investors offer a range of services, including working to find the seller a new place to live within their budget, assisting with hiring movers and connecting their clients with other people in the community that can help them make their next move.
Misconception #5: Working with an Investor is Complicated
Many homeowners believe that working with an investor is complicated and risky. While there are risks associated with any real estate transaction, working with an investor can actually simplify the process greatly and take a lot off of the sellers’ plate. Investors often have the resources and expertise to handle all aspects of the transaction, including creating and navigating needed documents, pointing clients in the direction of other services that they may need, taking the burden of repairs and prepping their home out of the sale, and being able to answer any questions that may arise. Not to mention, when selling your property directly to an investor, they are purchasing it in cash and guaranteeing the sale. You won’t be stuck in long contracts and have the potential of constant negotiations and concessions. If anything, selling directly to a real estate investor is much easier and faster than selling traditionally.
Benefits of Working With a Real Estate Investor
Besides the previously mentioned benefits of selling to an investor, there are several other pluses to working with a direct buyer that homeowners may not be aware of.
Another benefit of working with an investor is the flexibility that it offers. Investors are often willing to work with homeowners to find a solution that works for both parties. For example, an investor may be willing to purchase a property and allow the homeowner to rent it back for a period of time. This can be especially beneficial for homeowners who need to sell their property but are not yet ready to move. When this option is needed, Property Bridge only holds the money needed to cover the monthly expenses associated with the property, we do not make a profit from the seller renting back. The terms of a rent back are always set and agreed upon together prior to signing any contract and written clearly in all documentation.
In addition to the benefits listed above, working with an investor can also be a great option for homeowners who are looking to avoid the traditional real estate transaction process. This process can be time-consuming, expensive, and stressful. By working with an investor, homeowners can bypass many of the challenges associated with the traditional real estate process and sell their property quickly and easily, such as repairs, staging, showings, and repeated negotiations.
Of course, it is important for homeowners to do their research and choose a reputable investor to work with. There are many investors out there who are looking to take advantage of homeowners, so it is important to choose an investor who has a proven track record of success and is willing to work with you to find a solution that meets your needs.
Working with an investor can be a lucrative and simple way to buy or sell your home in Eugene. By dispelling these common misconceptions, Property Bridge hopes to help homeowners make an informed decision about whether working with an investor is right for them. If you are interested in exploring this option further, we encourage you to reach out to our team to learn more. (541) 833-0304