Selling your home to a Real Estate Investor the Right Way in 2023

Now, here is the total closing cost at closing. Three is this one-it’s what to expect when selling to an investor. In video 1 we talked about what to expect when selling your home with the real estate agent. So, this is 1.3% of the purchase price. The seller is only responsible for their share of their property taxes and HOA fees and these prorations end up being $2,594. The lowest cost at closing for a seller is when you’re selling to an investor. So, let’s review the videos that were in this series. Two is what to expect when you sell as a FSBO.

So it’s a really interesting video: it’s a nice quick synopsis of what we’ve been talking about, and I hope that you find it helpful. Study their websites and eliminate any newcomers from your list. I will see you at the next video, thank you so much for watching. Put together a list of those with good reviews. Make appointments to meet with the investors who appear to be the most transparent and reputable.

If your home is purchased as a future rental investment property, those repair cost savings can translate into a higher offer. They ‘flip’ the contract to another investor for what’s called an ‘assignment fee’. The wholesaler ‘sells’ (assigns) the contract to the bidder offering the highest fee to the wholesaler. After signing a contract with the seller, the wholesaler shops it to other investors (usually rehabbers). To be successful, the wholesaler must assign the contract to another investor before the closing date. Wholesalers or real estate wholesale investors don’t actually buy your property. The typical wholesale investor looks for homeowners willing to sell their distressed properties at a bargain price. If a wholesaler is able to successfully assign the contract to a buyer, they pocket the fee.

And the contract they offer is only meant to steal your personal information. But if the wholesaler can’t find another investor to take over the contract before the closing, the seller could end up with no deal, no money, and a lot of wasted time. For people wanting to get started as real estate investors, the wholesaling of property is appealing. They work well for people with houses in good condition who need to sell quickly. A real estate wholesaler with no money can ‘buy’ any house, transfer the contract to another investor, and collect the assignment fee (if everything goes well). The iBuyer is a newcomer to the real estate market.