What An Investor-Buyer Looks For In A Quick Sale

There are drastic differences between conventional buyers and investors.

 

The first thing you need to know is that all buyers are different, although the investor always keeps his (or her) mind on the final homeowner.

There are drastic differences between conventional buyers and investors.

The first thing you need to know is that all buyers are different, although the investor always keeps his (or her) mind on the final homeowner.

Location: Like most buyers, an investor usually has a location in mind. Most people want to live and work in a certain area. The same goes for investors. Some are naturals within a specific neighborhood or one side of town over another. They know the schools, the people, the factors that make a place a desirable place to live and those that detract from a resale.

Age: The age of a house matters when renovations are required. Some rehabbers are familiar with the joys of an older home, while some wouldn’t have a clue of how to bring the home up to code. When selling your house, be prepared for some buyers to shy away from home older than the 1960s. Although many older homes are well-built and have “good bones,” they pose problems for non-specialized rehabbers. If you own a fixer-upper, expect some buyers to decline.

Future resells: As you’re looking for a buyer, remember that an investor always keeps an eye on the final homeowner. Will that homeowner find this house desirable if there are other houses in the area that are better? What qualities will make it better? How much will repairs or renovations cost to bring it within range of comparable properties? These are the questions going through an investor’s mind as they are assessing property and deciding what price they can offer you.

A condition of a house: Most investors have some level of tolerance for repairs. They know that a house takes a beating when people live in it, and as time and nature wear on it. Beyond natural degeneration, houses get ruined by fires, storms, vandalism, unwelcome pests like termites, raccoons or fleas, and long-term neglect. Investors have a personal sliding scale of what they can “deal with,” leaving the seller to wonder if their house will ever sell unless time and energy into repairs and upkeep.

Equity in the house: Investors will ask what you owe on the house because the payoff amount bears on the price. If the investor can’t offer an amount that will cover the payoff amount, then you the seller will naturally refuse the offer. ┬áIn fact, the original lender will require the payoff amount at closing, so unless the mortgagee/seller brings money to the table, then a deal’s not going to happen. A deal has to work for everyone, and numbers don’t lie.

I hope I’ve clearly described what factors into an investor’s offer in a quick sale.

Markette Properties has experience buying all kinds of homes in many locations across Texas and even helps negotiate short sales when equity is low, or the seller is underwater on their mortgage.

We can buy your house fast in Texas! Markette Properties presents a unique, simple approach to selling your home! We are real estate investors. We buy houses in Texas just like yours! We are dedicated to the highest professional real estate standards for all of our clients.

Do you want to sell your house fast in Texas for top dollar with the least hassle?

Give us a call! (210) 853-2788 or click the button below.

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Photo Credit Flickr CC: Andrew Writer

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