Owning multifamily property can be a source of joy. It also comes with some stress. Are you planning to sell your property to a Lawton investor? You actually have a couple of options when selling your multi-family property. You can choose the help of a realtor, try selling with the owner, or consider selling to an investor. As for the last option, you need to know a few things before you make up your mind. Selling to a real estate investor has a few pros and cons. In this article, we will discuss the top 5 things you need to know before making a decision.
Who is your buyer?
Professional buyers in Lawton are different from traditional buyers in multiple ways. You can expect a quick closing along with a full payment in cash. Let’s say a couple wants to buy your home with traditional mortgage financing. The sale will take time as the couple goes through bank approval, mortgage underwriting, inspection, and the final loan qualification. The deal can be postponed or canceled altogether if the couple is not happy with the inspection results or if they don’t qualify for the loan approval. A professional real estate investor in Lawton won’t complete those steps. Those are completely unnecessary, as you expect to receive cash.
There are also no commissions, which is a saving of thousands of dollars. Let’s say your multi-family home sells for $500,000. You can expect to pay $30k in commissions. You can just skip this cost with the help of a professional investor. Depending on the situation, we can also help you skip transaction costs. If there are any transaction costs, they will be extremely low compared to the commission or closing costs you will pay in a conventional deal.
On top of that, professional real estate investors have a way of navigating complicated situations. They are the perfect solution for out-of-state owners who want to close the deal without leaving their current residence. We will bring the paperwork to you and close it when you want. So even if you’re selling your multi-family property in a different state, that’s okay. We can still help you reach an agreement.
Do you have to prepare? No!
As real estate investors in Oklahoma, we buy houses as-is. Every home suffers from natural wear & tear. Maybe you need to replace the wallpaper, or the water boiler is reaching the end of its service life. It happens, but you don’t have to worry about it. We will buy your home as-is. At DHS Realty Group, we don’t require repairs from your side. We will handle the repairs, updates, or renovations after the purchase. That makes things easier for you. It will be an easy transaction that doesn’t involve costly repairs.
Proper Planning and Extended Occupancy
As a professional investor, we are not looking to start living in the house right away. We are securing the property for investment purposes. So you can expect to have some free time to relocate the tenants or streamline the process. We can allocate some time after the closing. It’s a helpful proposal when you’re stuck in time-sensitive situations. If tenants are currently living in the property, you don’t have to worry about cleaning or updating the property. The tenants can pack their personal items as they choose to leave the property. We will take care of the rest.
Enjoy Confidence
It’s your decision to go with a professional investor in Lawton, Oklahoma. That’s why you don’t have to experience a roller coaster of frustrating emotions. No sudden and disturbing calls from people asking you for a property showing. You don’t have to worry about getting the house clean every day. No more worrying about personal questions or strange looks from the buyer’s agent. It will be a convenient selling transaction.
No-Risk
Working with investors is as simple as it can get. You will be guided through every layer of the process. The contracts are short and simple because of as-is purchase agreements. You don’t have to worry about potential legal risks because the buyer is buying as-is. No more worrying about inspections or future lawsuits about something you didn’t disclose. The investor will accept the risk of acquiring a home as-is. Most investors have enough experience to evaluate a home’s condition without outside involvement.