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Home » Before You Sell Your Arizona Real Estate
Understanding Real Estate InvestorsHow the internet can work against you.
Beware of companies you find on the internet which state that they can make you a quick offer on your Arizona home. Many of these companies do not actually buy properties; they simply collect your information and try to sell it to every real estate investor in the Phoenix area.
If the investor who buys your information then decides to make an offer on your home, rest assured that the $500.00 (approx.) referral fee will not come out of their pockets; it will be reflected in the offer they make for your property.
Working with a company who deals specifically within Maricopa County can save you both time and money.
Nationwide Investing Firms... what you should know.
Understand that working with large real estate investor firms like "We Buy Ugly Houses" may not be your best option.
These big advertising giants may have deep pockets, but the big investor firms who pay for all of that advertising need to recoup that money somewhere! It shouldn't be a surprise that "You" the customer gets to pay for it.
Although, a larger firm may seem like a good idea in that they may be able to help you faster or better than a smaller real estate investment firm; that simply is not the case.
Not only does a smaller investment team work faster, but often times you will get offers well above the "We Buy Ugly Houses" people. The money that stays in your pocket isn't used for the next nationwide promotional campaign nor is it used to pay transaction or franchise fees; its money you get to keep!
As a matter of fact, we would like all of our customers to contact the competition before us. Although the process may seem long and drawn out working with other real estate investors we are certain you will feel much better about selling your house to us.
Not every home can or will be purchased by an investor.
In the era of overzealous lending institutions allowing home owners to leverage up to 125% of the properties actual value it becomes impossible for real estate investors to assist a home owner that needs to sell their property.
In some cases, more conservative real estate investors will purchase a home up to 100% of the current market value, and let time work for them; this however is a very rare instance which most home owners needing to sell quickly will rarely encounter.
Real Estate Investors are not all alike.
To someone who has never known a real estate investor it may come as a bit of a shock to find out that all real estate investors don't approach real estate the same way. There are many different approaches to investing in real estate I will list and briefly describe but a few of the more common investment strategies.
- The Buy and Hold Investor
» This type of investor is less interested in buying a property at a discount as their intention is to hold the property for a number of years and let both tenants and appreciation make their investment worth while.
- The Buy and Sell Investor
» This type of investor is usually a real estate agent. The investor identifies a property which is being sold for less than the current market value, the investor will then purchase the property and possibly rent it until the real estate market begins to peak; at which time the investor will sell the property for a higher than normal selling price. This investor relies on expert knowledge of the area, and their ability to time the real estate market.
- The 'House Flippers'
» This type of investor is only interested in distressed properties. By distressed I mean, either the property is in need of serious clean up and repairs or the property owner is in a financial hardship and must sell their home due to bankruptcy, divorce, death or legal problems related to their financial situation. Legal problems can come in many forms from past due HOA fees, to unpaid liens against the property; many of which will instigate the pre-foreclosure process. In Arizona the foreclosure process can take as little as 90 days from the date the notification has been sent. Many house flippers will assume the risk and debt associated with these properties, hoping to renovate the property and then sell it for a profit. Although, this process is risky, the "House Flipping Investor" minimizes his risk buy making offers on the property well below the current market values for the neighborhood.
While I mention a few of the types of investment strategies, I am not insinuating an investor only works within the realm of buying or selling houses in one way. Many experienced investors make the determination to buy or sell differently based on many factors.
Before You Sell Your Arizona Home Resources
Your Home Options | Real Estate Investors | Home Buying Process | Foreclosure Assistance | Common Seller Questions | F.A.Q.
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