Considering selling to a home investor? What you need to know
Homeowners across the Southwest Valley have received numerous offers from companies looking to purchase their homes. While the offers may be tempting because of the quick cash and closing, the Better Business Bureau has some tips to help sellers understand the difference between selling to a traditional buyer and versus an opportunity investor.
Professional home investors make offers to sellers who are willing to sacrifice profit in exchange for a faster and simpler sale process, according to a BBB release. In recent years, iBuyers — internet companies that use algorithms and proprietary valuation data to make no-obligation, all-cash offers to sellers — have emerged, too.
BBB recommends the following tips to help you find the right kind of buyer for your home and avoid getting scammed.
Think about your time constraints. With traditional…