Benefits of Selling to a Real Estate Investor to Cover Assisted Living Costs
Maybe it's been month or years in the making or maybe it happened in the blink of any eye. Whether it's Mom having had a fall and not being able to come home after rehab or Dad who's been struggling to maintain his independence at home, there comes a point when it is finally time to make a move.
Here are 6 ways selling your house to a real estate investor can benefit you when you need to sell a parents home to cover assisted living costs.
1. Save time - One of the biggest benefits of working with an investor is that they will handle all of the paperwork and logistics for you. This includes dealing with title companies, real estate agents, and closing attorney. This can be a huge weight lifted off of your shoulders as you're already dealing with so much.
2. Get paid in cash- Typically when you sell your home the traditional way you have to wait for bank approval which can take weeks or even months. An investor however can pay you all cash up front so you don't have to wait for bank approval.
3. No expensive repairs- Oftentimes when selling the traditional way, buyers will request that certain repairs be made before they purchase the home such as fixing a leaky roof or updating the kitchen. When selling to an investor they will purchase the home "as is" so you don't have to spend any money on costly repairs.
4. Fast Closing- Traditional sales can often times fall through last minute which can be very frustrating after weeks or months of waiting. An investor however is buying the home for themselves so their offer is much more solidified. This means that once both parties agree on price, the sale will close quickly, usually within 7 days or less.
5. Avoid Foreclosure- If you're in danger of foreclosure, working with an investor may be your best option as they can help you sell your home fast and for cash which will allow you to pay off any outstanding debts and avoid tarnishing your credit score .
6 . Get peace of mind- parting with a family home can be an emotional experience but sometimes it's necessary in order to provide your loved one with the care they need . Selling your home to an experienced real estate investing team like us at Transitions Home Solutions will ensure that everything goes smoothly and that you get the best possible outcome for your situation .
Selling your house doesn't have to be a stressful experience . There are many benefits to working with a real estate investor, especially if you need to sell fast . If you're considering selling a family members house to help cover assisted living costs, we would love to chat with you and see if we can help . Contact us by email or give us a call today at 717-715-0010.