Home ownership looks different than it did for your parents or grandparents. It used to be a couple would buy one home and stay in it for the rest of their lives. It served them before they had kids, while their kids were growing up, and continued serving them even as empty-nesters.
Things have changed. Most first-time home buyers are looking for what’s known as a “starter home.” That term didn’t exist 60 years ago. Today Americans own an average of three homes in their lifetime- one starter home, one home in which they raise their children, and one home to retire in. Of course, many people end up owning more than just three houses because of outside influences like a change in employment.
Another difference between your life and the lives of your parents and grandparents is probably how busy you are. Many families have both spouses working, and often working overtime to make ends meet. Kids don’t just have school, they have soccer and karate and drama club and more homework than we ever did as kids. Maybe your parents are getting older and you find yourself helping them out, or you spend your “free” time on a side hustle. There never seems to be enough time.
The market in Salem, Junction City, and the rest of the Willamette Valley is hot right now, so houses sell a little faster than they used to. But when you lead a busy life, you need to sell fast. Do you have time to find a good agent, list your house, and wait around for a qualified buyer? And what happens when that buyer wants you make repairs to the house? Now you’re spending time looking for a contractor and waiting for the work to be done.
How To Sell Your House To An Investor in Salem
One option that many busy homeowners are turning to is selling to a real estate investor like Willamette Home Buyers to buy your house from you.
These independent investors typically purchase houses or other real estate, make the necessary repairs and upgrades, and then use them to generate income; either as rental units or sell them for a profit. Salem has a few reputable and trusted real estate investors who will help you sell your home quickly.
Selling your house to an investor is relatively simple.
You provide him or her with information about your home and personal situation. The investor will either make you an offer contingent on an inspection, or inspect the home and then make you an offer, taking into account the repairs needed. If the offer works for you, you’ll schedule a closing date, and receive the payment for your house. Most offers include a sizable down payment that you’ll get on the closing date. Many offers are all-cash. And depending on the investor and your specific circumstance, you can schedule closing within 7-14 days if you want to close that fast.
How Fast Can You Sell Your House To Local Investor?
This process is extremely quick compared to more traditional methods, often taking just 7-14 days. If you need to sell your Salem home very quickly, without the hassle of a traditional sale, selling to a Salem real estate investor is a great option.
When you work with a real estate investor… there usually aren’t any fees involved (if an investor makes an offer and then reduces that price with any kind of fees, they may not be trustworthy), as you don’t have to worry about paying an agent commission, and most often, the investor will cover the closing costs.
Real estate investors are in business to make a profit, so they are usually looking to purchase homes at a discount. The offer you get will probably be lower than what your neighbor down the block sold his house for when he listed it with an agent. But don’t forget the money you save by taking that “low” offer:
- No agent commission (usually 6% of the sale price)
- No closing costs (usually-make sure you get this in writing)
- No paying for repairs
- No paying mortgage, taxes, and insurance for several more months while you wait to sell
And those are just the financial considerations. How much is the time and energy you’d put into a traditional sale worth?
The Hidden Costs Of Waiting To Sell Your Salem House
Many people forget about the hidden costs of holding on to a property.
Each extra month that you own the house is an extra payment for your mortgage, insurance, taxes, utilities, and maintenance costs. The faster you sell, the fewer of these payments you make. By getting the house sold quickly you could potentially end up with a larger sum in the long run.
By selling your home to a real estate investor, you’re saving yourself possibly months of headache, and you can quickly move on to your new home. You’ll avoid expensive fees, closing costs, and investors will purchase your home as-is, assuming the costs of repairs that you’d have to pay if you were selling via more traditional means.
If you’re interested in seeing what a fast, fair offer from a reputable investor looks like, fill out the form below.