The Process Of Selling
Your Home To An Investor:
The 4 Phase That SellThatHouseNow.com
Uses When We Buy Houses In
The 4 Phases of Selling You Home to Investors
I know you’ve seen the “we buy houses” signs on the corner of the streets, on billboards, and even on cars. So I thought it would be helpful to explain the phases of selling your home to a real estate investor!
Hey! It’s Coleman here with SellThatHouseNow.com
And I’ll be breaking down the 4 Phases of selling to an investor like myself.
Phase One: The Information Phase
The first phase is the information phase. During this time we gather information from you about the property via a phone call or through a web form you fill out on a computer or smartphone.
We are looking to collect information so we can make our best possible offer so we need to know what we are working with. Just like when selling a car, you can’t just say, “Hey, I have a car for sale, make me an offer.” There are certain things we need to know about the property such as size, location, and current condition. And when we obtain these things we’ll know if we need to schedule an appointment to view the home, which leads us to phase 2, inspections.
Phase Two: The Appointment Phase
In phase 2 we set an appointment for a representative to come out and walk the property. During this inspection we are looking for things such as the age and condition of the roof (signs of weathering and granular loss on the shingles are a telltale sign of a roof that is in need of replacing, also rotted or moist wood that can be seen from the attic shows signs of a leak), we’ll take a look at the condenser unit and furnace as well to make sure they are up to code and fully operational, we’ll take a look at the plumbing and fixtures (to make sure there are no leaks from the facets or that the plumbing sewer lines are not backed up) and we’ll take a look at the flooring to get an idea for what needs to be upgraded and to make sure the foundation is solid.
These are just a few things that we look at when at the property to make sure we have a clear picture of what we are getting into. Even though we do buy as-is, we still need to have a good understanding of where the property stands condition-wise so we can make the best offer.
Phase Three: The Offer Phase
Phase 3, is the offer phase. This is when a written no-obligation offer to purchase your property is made. During this time you’ll need to thoroughly review the contract to ensure you agree to all terms and know what is expected of you and what to expect from the buyer. When everyone is in agreement and signs the contract, we get to the final phase which is the close.
Phase Four: The Closing Phase
During the closing phase, we send the contract to the title company to work toward getting the property sold and money into your pocket! In this phase, the title company simply checks the history of the property and the owner to make sure they can sell the home. Then once the attorneys have checked everything out and give us the green light, we schedule a date and time to close and the transfer of the property is completed. Once a clear title has been obtained, the ownership of the property is transferred from you, the seller, to the new buyer and the sale is complete.