Investors will normally pay around 50 to 70% of what they could get if they sold on the open market. The investor doesn't plan to live in your home, so he or she (or the company) doesn't care if their kitchen has been renovated with a vibrant backsplash or if their toilets are new. In fact, many investors are looking for old or outdated houses so they can fix and turn them around. Although real estate agents need a license to operate, investors don't, and their main goal is, of course, to make a profit.
Many successful real estate investors offer training and mentoring programs, and can guide you in growing your career and profits. Exploring the answers to these questions will help you understand the value real estate investors bring to you and the community and, most importantly, if you, as a home seller, want to consider investors as potential buyers. Real estate agents can put your home on the market and will likely give you more money than you could with an investor, even if they market it as is. But knowing the 70% rule of real estate investment will give you a rough idea of how much investors could pay.
You have time to wait for it to sell the traditional way, so selling to a real estate investor may not be your best option because you're not in a place where selling around 70% makes sense. If the prospect of selling your home seems daunting and arduous, you may want to consider a home buying company, such as an iBuyer, a real estate investor, or a home investor. But if you consider what you save on repairs, real estate commissions, concessions, additional mortgage payments, etc. If your home is underwater or you want to get out of the real estate game altogether but don't want to move, selling your home to an investor might be the way to do it.
Reputable real estate investors can create win-win when you feel good selling your home to them. A common scenario is that someone posing as a foreign or out-of-town buyer (or a real estate agent representing them) contacts the seller and tells them that the investor wants to close immediately. According to ZipRecruiter, this is the average salary of a real estate investor in each of the 50 states. Many real estate investors have built their business models around helping homeowners in this type of situation get out of the house and move on.
Some individual real estate investors, especially those who are new to investing, may be going through financing. Investors are a great way to easily sell your home without having to pay for costly repairs, inspections, closing costs, and many of the other associated costs that can come with selling your home on the open market with a real estate agent.