How to sell home directly to investor

[Anonymous]

We have a lot of stressors all at once. We will likely be moving in a few months. My spouse has a new job out of state and has a short term rental and we will house hunt of weekends. We have a townhouse in a community that is popular for rentals and has many selling points for an investor. We would like to basically make a deal with an investor to buy when we are ready-once we find a new home to purchase. We would sell as-is so the investor could paint and remodel however they want. The house itself is in top of the line condition-new roof, relatively new furnace, everything very well maintained. We just don't want to waste time doing things like sanding the wood floors, painting wood floors, re-paint kitchen cabinets, replacing carpeting on steps, fixing closet doors, etc knowing someone will likely want to replace that all or remodel kitchen. We would be moving somewhere things are less expensive so we don't need to try to get the absolute highest price possible.We just want things to move quickly and on our time line because we are also dealing with a very ill elderly family member and children who will need help adjusting to a new location.

Is there a way to advertise directly to investors?

[Anonymous]

I just googled "we buy houses" and many links to sites showed up. Take a look.

[Anonymous]

You don’t need to target them, they’ll find out. Just list it like normal and take an offer without inspection contingencies.

[Anonymous]

Investors tend to pay way under market value. I'd recommend finding a real estate agent who knows your area, then presenting them with your situation. They can handle it -- you can use contract clauses to determine the timing of the sale, and the agent can (if you want) manage all renovations if they believe that will garner a significantly higher sales price.

I had an elderly relative, recentily widowed, in a similar situation with a rental property they had. The agent managed all of it, including renovatinos and preparing for sale. She never stepped foot once in the property during the process, and just had to pay the costs of renovation and she got it back many-fold at closing.

This works well if your house is in a good area with plenty of demand.

[Anonymous]

Anonymous wrote:Investors tend to pay way under market value. I'd recommend finding a real estate agent who knows your area, then presenting them with your situation. They can handle it -- you can use contract clauses to determine the timing of the sale, and the agent can (if you want) manage all renovations if they believe that will garner a significantly higher sales price.

I had an elderly relative, recentily widowed, in a similar situation with a rental property they had. The agent managed all of it, including renovatinos and preparing for sale. She never stepped foot once in the property during the process, and just had to pay the costs of renovation and she got it back many-fold at closing.

This works well if your house is in a good area with plenty of demand.

Great. I will ask around, but any other good ways to figure out who the best and most connected real estate agents are in the area? I don't think our friends will know because we have all lived here a for over 10 years.

That's good to know about the elderly relative because we may have to help our elderly relative sell a rental and we need to agent to do it all.

[Anonymous]

Under market but how under market? You save up to 6 percent selling direct. But you need an attorney to protect yourself. That's less than 1 percent of a million dollar house though.

[Anonymous]

Expect an investor or flipper to pay 25%-30% below market value for the house. If the house really is in good condition like you say, you will probably get the best value just selling it through a realtor. It's really only worth selling to one of those "we buy houses" companies if the house needs a top to bottom rehab. If the kitchens and bathrooms have been updated in the last 10 years, don't sell as-is. Get some return for the money you put into it.

[Anonymous]

Just use an agent and put it on the MLS at a price that takes into account its condition and your desire for a quick sale. You're going to get wildly lowballed by trying to sell offmarket to "investors."

[Anonymous]

Anonymous wrote:Just use an agent and put it on the MLS at a price that takes into account its condition and your desire for a quick sale. You're going to get wildly lowballed by trying to sell offmarket to "investors."

Do this.

[Anonymous]

Anonymous wrote:I just googled "we buy houses" and many links to sites showed up. Take a look.

they would low ball you by 30-40%. Just put it on the market yourself and entertain only serious offers.

[Anonymous]

Just list your house "as is." A private buyer will buy it for more than a real estate developer, and if your best offer is a developer, it will happen that way anyway.

[Anonymous]

Look at tax records and see who owns the rental townhouses in your community. Contact them to see if they want to buyer your townhouse. I do this for buyers and sellers and it works.

Signed: another stupid realtor who doesn't know how to do business