Are you thinking about selling your house in Portland? Have you considered the benefits of selling your home to a trusted and local real estate investor? Whether this is your first time selling a home or you’re a seasoned pro, there are many reasons to work with a local Portland real estate investor.
A trusted Portland real estate investment company is passionate about the local community and wants to not only improve the homes they purchase, but ultimately the neighboring community as well.
Below we’ve outlined the top benefits of selling to an experienced local real estate investor. As you’re planning to sell your house, consider these advantages to determine whether or not this route is right for you and your family.
1. The Cash Offer
The biggest and most obvious benefit to selling your home to a real estate investor is a cash offer. Real estate investors have the ability to pay you cash flat out. If you accept the offer, you’ll receive a check payment on the closing date. It’s as simple as that.
How does this compare to a traditional buyer? While it is possible to receive a cash offer from a typical home buyer, this type of buyer is hard to come by. Most traditional home buyers will be working with a bank to finance the purchase. Plus, there’s always the chance that a traditional buyer will back out last minute and you’ll have to start all over again.
2. A Quick Sell (& Flexible Terms)
When you need to sell your house as fast as possible–whether for financial purposes, because of a move, or another reason–a real estate investor is always the best choice. When a real estate investor comes out to look at your home, they’ll make you an offer within 24 hours. If you accept, you can close the deal (and have cash in hand) in as little as 2-3 days.
A real estate investor is also an excellent choice when you need some flexibility in the purchase. For example, if you need to live in the house for a bit longer. Depending on your situation, you may even be able to negotiate a lease-back agreement with your buyer.
How long does it take to sell a home in Portland? Listing your home with a real estate agent is a time-consuming process. In Portland, it can take up to 2 months to sell a home– and that’s only if the house is in great condition. Houses that need some extra work can sit on the market for much longer.
3. No Commission Fees
In addition to saving time and receiving cash for your home, selling your home to a real estate investor helps you avoid the cost of a real estate agent. Real estate investors don’t bill you any fees. There are no hidden costs.
What sort of fees will you pay when working with a real estate agent? Real estate agents always take either a flat fee or more commonly, a commission based on a percentage of your home’s selling price. Here in Portland, most real estate agents take around 6% commission on your home sale.
Of course, there’s a reason why real estate agents charge a hefty fee– selling a home to a traditional buyer is a lot of work! So even if you decide to sell the home yourself, expect to spend a lot of time doing market research, creating a marketing strategy, reviewing buying candidates, and taking care of legal paperwork.
If you’re looking for a simple, quick, and stress-free home selling process, selling to a real estate investor is the best choice.
4. No Repairs or Remodeling
Another great reason to sell your home to a real estate investor is to avoid the time, cost, and energy of making repairs or updates on your house. A real estate investor will buy your home as-is, in any condition.
Even if your roof is damaged, your kitchen hasn’t been remodeled in decades, and there are big foundational or electrical issues, a real estate investor will be interested.
Additionally, a real estate investor is a great choice when your home’s location is less than ideal. For instance, if it’s located next to a highway or busy street or in a rundown neighborhood. No matter the condition of your home, a real estate investor will be interested and won’t ask you to make expensive repairs before the sale.
How does this compare to listing my home on the market? Getting your home market ready is no simple task– especially if your home needs a lot of TLC. You may find that a real estate agent suggests you replace flooring, put on a fresh coat of paint, or even replace your roof. These repairs are expensive. The worst part is, there’s no guarantee that all this work will result in a significantly higher offer.
5. No Cleaning Costs
When a real estate investor says they’ll buy you home in as-is condition, they really mean it. You won’t have to worry about paying for any deep cleaning like you would normally do for a traditional buyer. You’ll pack up and move your items, and that’s it.
Do I have to clean my house before selling it to a traditional buyer? Yes. A traditional buyer will expect your home to be professionally cleaned and detailed before moving in. And you don’t forget about the costs of having your home professionally staged before you can even list it on the market. More than likely, you’ll have to have you home cleaned more than once.
6. Avoid Foreclosure
Though this last benefit doesn’t apply to everyone, it is worth noting. If your Portland home is at risk of foreclosure, selling it to a real estate buyer can help you avoid this issue. Since real estate investors can purchase your home quickly and in any condition, you’ll immediately have the cash you need to get out of the situation and move on with your life.
A real estate investor may be the best way to get out of a foreclosure situation with your bank.
Sell to a Trusted Portland Real Estate Investor
At Columbia Redevelopment, we are passionate about the Portland real estate market and have years of experience buying homes. We buy homes in any condition for all cash, without any fees or inspections. Additionally, we work hard to improve every home be buy and improve the neighboring community as well.
If you have any questions or are interested in getting a cash offer for your home, feel free to give us a call at (503) 200-8730. We would love to chat with you about the process and answer any questions.