Your guide to selling your home to an investor
If you're looking to streamline the selling process and avoid the headache of selling through the conventional real estate market, selling to an investor might be the perfect solution for you.
To start, if you are interesting in learning more about the benefits of selling to an investor, check out our Why Sell to an Investor blog. Now, let’s dive in to everything you need to know about the process!
Step 1: Assess Your Situation
Start by looking at your current situation to understand what options might be the best for you. Are you facing a time-sensitive scenario that requires a quick sale? Do you have a property in need of repairs that you don't want to complete or pay for? Do your multi-family property tenants cause you headaches? Spend time understanding your goals so you can communicate those to the investors you chat with.
Step 2: Find Local Investors
When you’re ready to get the ball rolling, research online to find local investors in your area. The best sources for this are Facebook groups and posts, community forums, or by asking friends and family for recommendations. Be careful when searching for things like “Sell my home Columbia City, Indiana” on Google because a lot of the results that come up will appear to be local companies but are often not. We always recommend starting with local investors since they will understand your area, be able to work with you more closely and quickly, and in general be easier to work with. Marigold Investments is proudly located in Columbia City, Indiana and always has been!
Step 3: Start the Conversation
Once you've identified potential investors, reach out to them for a consultation or fill out their online quote form. This is an opportunity for you to discuss your situation, ask any questions you may have, and gauge whether the investor is the right fit for your needs. Reputable investors will be transparent about the process and provide you with a clear understanding of what to expect.
Have questions about Marigold Investments? Learn more about our process or reach out directly to us through text or call at (260)-255-4885.
Step 4: Property Evaluation
After the initial consultation, the investor will conduct a thorough evaluation of your property. This typically involves an on-site visit. The goal is to assess the condition of the property and determine a fair market value for your home. This is another reason we recommend working with a local investor–you’ll be able to meet them in person and ask any questions you may have.
Step 5: Receive and Review the Offer
Based on the property evaluation, the investor will present you with an offer, typically a cash offer, but this may vary based on your goals and situation. This offer will take into account the current market conditions, the condition of your home, and the investor's willingness to take on any necessary repairs. Take the time to review the offer carefully and ask any additional questions before making a decision.
Step 6: Don’t Be Afraid to Negotiate
If the initial offer isn't quite what you had in mind, don't be afraid to negotiate. Investors are often open to discussions and may adjust their offer based on your feedback. Once both parties reach an agreement, it's time to move forward to the next steps.
Step 7: Closing the Deal
With an agreed-upon offer, the closing process begins. Unlike traditional real estate transactions, the closing with an investor is typically expedited. The investor will work with you to ensure all necessary paperwork is completed, and the transfer of ownership is seamless.
Step 8: Receive Your Payment
The beauty of selling to an investor is the speed of the transaction. Once the paperwork is finalized, you'll receive your payment. Again, this is typically cash but can vary based on the deal created by you and the investor. This quick turnaround is particularly beneficial for homeowners in urgent financial situations or those looking to move on to their next chapter swiftly.