You may want to sell your home for a variety of reasons. Homeowners may find that they need more or less space than their current home offers; If you are starting a family, you may find that you need more bedrooms; If your children have left the nest and it’s just you and your spouse, you may need fewer rooms; You may be going through a divorce and need to sell so that you can have a fresh start.
Selling through traditional means can be tough if you need money quickly or don’t want to deal with all the hassles. House-flipping companies take your house off your hands quickly, and you get a cash offer instead of waiting for a potential buyer with good credit. Homeowners may ask themselves, “Can I sell my house in Smithfield to an investor?” And if it’s a good idea to do so. It might well be, depending on your current situation.
Less than Market Value?
Although these investors want to make a profit on buying your house, if you still owe a lot on the mortgage, it’s likely that the amount you’ll get quoted will be enough to cover it, but perhaps not a lot more. This can be a little disheartening for some, but if you’re trying to avoid foreclosure or need to sell the house quickly for some other reason, it can be beneficial to just pay off the mortgage and be done with that situation.
If, however, you have the time and energy to wait, you may want to go to a real estate agent instead. They are likely to get you the full market value, depending on the buyer. The problem is that you would have to pay for and arrange to make repairs and keep the house looking its best; you don’t have to do that for an investor.