Are you considering selling your house to an investor in Portland?
Selling a house to a Portland investor can be a great and convenient way to sell your home, but not for everybody. If your house fits the criteria of someone who would be a good fit for an investor house sale in Portland, you’re in luck. Portland investor sales are ten times simpler to do than a traditional sale.
To know if it’s a good fit for you then you must first consider the benefits and determine whether they are worth it or not. Here are the benefits you would receive by selling your house to an Investor for cash:
No repairs, fixes, or improvements required.
Investors don’t require bank financing to buy your home because they are making the purchase with their own personal cash. Banks, which are common for traditional home sales, have all sorts of rules, regulations and standards for houses they give loans on. For example, all the systems in the house have to be functioning normally. There can’t be any leaks, dry rot, foundation damage, etc..
For that reason, if your house has any issues that you simply don’t want to spend the time and money on, selling to an investor in Portland would be an easy way to bypass that. The reason being is they can close with their own cash regardless of any issues with the house. For example, at Rubix Properties, we are licensed, bonded, and insured General Contractors licensed with Oregon’s Construction Contractors Board. That is how we are able to make the renovations and repairs after we buy the house in order to add value.
You can pick your own closing date.
With a traditional home sale, your closing date is relying on the buyer’s bank and getting through all of their processes. You have no control over it. Banks can take 30-60 days before giving final approval and that is the best-case scenario. It can take much longer if they require improvements to be made to the house before they loan the money on it. This adds more cost and time. When you sell to an investor in Portland then you can simply let him or her know the date you wish to close and they can make it happen.
No Commissions or fees.
This is one of the primary advantages. An investor is not a real estate agent, so there are no real estate commissions and fees that you would need to pay. Fees usually equate to about 6% of the sale price of your home. As an example, if you sell your house for $400,000 in a traditional sale then you have to pay 6% to the realtors involved in the transaction, this comes out to $24,000 for a $400k house. Selling your house to an investor for $400,000 means you get to actually keep the full $400,000 to yourself without paying commissions and fees to real estate agents.
Cleaning out your house won’t be necessary.
Investors have work crews and dump trucks so they are able to salvage, recycle and dispose of any items left behind in the house. You basically take whatever you wish to keep and leave behind the rest. There is no limit to how much stuff you can leave behind. Speaking from our own experience, we have purchased houses that required five separate 40-yard dumpsters to empty out, and that is completely okay! It’s an investor’s job to do the work in return for your business so they should be happy to do so.
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Above are just a few of the most important things to consider when deciding to sell your house to an investor. If the investor you are working with does not provide these benefits to you then what is the point? Make sure you are being offered all of these services when you choose an investor to sell to. Our company likes to take it a step further and offer FREE COMPLIMENTARY MOVING SERVICE to folks who do business with us.