Real estate companies that buy your home provide homeowners with an efficient and straightforward method for selling their property quickly and conveniently. These investor-backed firms specialize in purchasing homes quickly and renovating them to resell or rent quickly – often within one week! These deals may even skip traditional financing and inspection contingencies altogether! While many of these firms may be legitimate, scams do exist as well so make sure to obtain a valuation from a licensed real estate agent prior to accepting cash offers from these investors.
Redfin and HomeLight are examples of large real estate technology companies that purchase homes for cash in multiple markets, typically at or close to market value and charging service fees similar to what would be charged by real estate agents for commission. With their tight purchasing criteria and quick purchases they provide homeowners with another avenue when selling their house quickly or at market value.
Reputable local real estate investors may offer you the ability to sell your house for even less than its average New York house price. They specialize in buying fixer-upper properties to renovate and resell or rent out for profit; closing usually occurs within weeks after finding them a suitable deal. They can help if you are facing pre-foreclosure, inheriting vacant properties or have other time-sensitive concerns that require speedy sale of your property.
Some real estate investors try to introduce unfair contract terms, like unreasonable due diligence periods or low earnest money deposits that leave you without compensation if a deal falls through. A real estate attorney can help identify such loopholes and ensure you’re getting a fair deal.
If you’re uncertain whether or not a company claiming to buy your home is legitimate, ask for proof of funds or closing statements of previous home purchases from them. If they refuse to provide this information that should raise a red flag. Likewise, don’t sign any contract that doesn’t require wiring your earnest money deposit directly into an escrow account through a trusted title company or attorney.
Real estate investors and companies that “we buy houses” may advertise that they’ll take your home “as is,” but it is important to keep in mind that you will likely not get what your property is actually worth on the open market. A professional local real estate agent will be able to guide you through this process and secure you the highest sale price possible for your home.
Additionally, hiring an experienced New York real estate attorney will protect against fraud, forgery and other legal issues when selling your home to investors. By engaging an attorney from this area you can reduce risk, save both time and money as well as stress by having someone on your side that understands these laws and your specific transaction needs.