The signs on power poles at intersections offer to buy your home for cash. They will do this quickly without hassles. Most drivers drive by without thinking about it. That is, until a problem arises forcing homeowners to sell their homes fast.
There are two types of fast cash home buyers: real estate investors and flippers. Everyone has seen cable TV flip shows, so they know what a flipper is. Real estate investors like cash home buyers in Wichita KS abide by different standards. To which should you sell your house?
Flippers
Those who flip a house are in it for the short term. They buy a property dirt cheap in order to resell it at a high-end price. They then turn to the next flip. Flippers don’t retain the property to rent out, not preferring the hassles of a landlord. Nor do they want to continuously repair the house. They have no long-term plans for the money such as real estate investing.
Real Estate Investors
An investor has a pool of other investors from which he draws the money to buy a property. With the proceeds from the sale of the house, he repays this pool. He also has the option of holding the house. Many times, the house will appreciate in value which brings him more money. Other times the investor will repay the pool with money from renting the house while awaiting the appreciation of the house. This man is in investing for the long term.
Sellers in a hurry to sell, perhaps due to a new job, aren’t necessarily worried about how the house will fare. Selling to an investor like cash home buyers in Wichita KS ensures the homeowner will get the best price possible instead of being offered dirt cheap prices. Closing is often in as little as two to three weeks without the ton of paperwork to which a traditional closing is subject.
For more information visit Kansas Home Guys.
