People sell their homes to investors for various reasons such as:
- Need for quick cash: In some cases, people may need to sell their home quickly for financial reasons and investors may be able to offer a faster closing process compared to a traditional home sale.
- Avoiding the hassle of traditional home sale: Selling a home through a real estate agent can be time-consuming and expensive. By selling to an investor, the seller can bypass many of these steps and get a cash offer quickly.
- Avoiding costly repairs: Investors often buy homes “as is,” meaning the seller doesn’t have to make any repairs before the sale. This can save the seller time and money.
- Relocating or downsizing: In some cases, people sell their homes to investors because they are relocating or downsizing and want to simplify the process.
- Inheritance or probate: When someone inherits a property, they may choose to sell it to an investor to avoid the hassle and costs associated with managing the property.