Investors typically pay between 50 to 70% of what they could get if they sold on the open market. This is because the investor doesn't plan to live in the home, and they are often looking for old or outdated houses to fix and turn around. Real estate agents need a license to operate, but investors don't, and their main goal is to make a profit. Real estate investors offer training and mentoring programs to help you grow your career and profits.
Knowing the 70% rule of real estate investment will give you a rough idea of how much investors could pay. However, if you have time to wait for it to sell the traditional way, 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. Reputable real estate investors can create win-win situations when you feel good selling your home to them.
According to ZipRecruiter, this is the average salary of a real estate investor in each of the 50 states. 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. When considering selling your home to an investor, it's important to remember that they are looking for a profit.
However, 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. Many successful real estate investors can help you understand the value they bring to you and the community.
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