Selling your home to a real estate investor in Hawaii can be a very effective and efficient way to sell your Hawaii property. In this latest post, we’ll go over how it works, what you can expect, and how to determine if it is the right selling method for you!
When someone initially decides to sell a house in Hawaii, their first thought may not be run to a real estate investor. However, the right investor can save a property seller tens of thousands of dollars in addition to all the time that can potentially be saved. Working with a buying team like Oahu Home Buyers can help you avoid the traditional selling costs, save you time on the sale of your property, and give you the peace of mind in knowing that your property is finally sold. Below are a few things you should know about selling your house to a real estate investor in Hawaii…. like us!
Preparing Your Property
The beauty of working with a direct buyer or property investor is that there is usually very little if any prep work that needs to be done before selling a Hawaii home. Most buyers will purchase the property as is, saving you the time and effort of getting it ready for a sale. With a listing, it is important the property be kept clean at all times in case of a last minute showing request from a potential buyer. You’ll want to show your home in the best light for everyone who comes to see it. By selling directly, you won’t have to worry about strangers traipsing through your house or keeping the property in showing-ready condition at all times.
Your Costs
One of the major benefits about working with a direct buyer when selling your Hawaii house is the money you’ll be able to save. We don’t require any agent fees since there aren’t agents – we buy houses directly from you. We’ll still use a local title and escrow company, but we’ll pay your closing costs. We’ll also buy your house “as is”, meaning we won’t ask you to fix up a thing, paint a room, change a light bulb or even sweep a floor.
With a traditional listing, you still may be on the hook for some of the costs even after a buyer has been found. After the appraisal and inspection, you might be required to pay for some more repairs. When the property eventually closes, there are agent commissions, closing fees, and often other costs that have to be paid. When you choose a direct sale, commissions and closing costs go out the door. You’ll be able to keep more money in your pocket when all is said and done.
The Timeframe
When you work directly with a buyer (instead of hiring someone to find you a buyer), the amount of time saved can sometimes be shocking – weeks and months. It is not uncommon for houses to stay on the MLS for months at a time – as I write this post in April 2019, the days on market (DOM) for houses in Hawaii is increasing every month. However, with a direct sale, the process is usually completed in one month or less. We make things easy and efficient so you can sell your house quickly and move on.
A fast sale helps you to avoid continued holding costs for the property – mortgage payments, utilities, insurance, taxes, maintenance, repairs, etc. Instead of selling your house months down the road, selling right away can save you significant money.
Not All Buyers Are The Same
When discussing direct buyers and real estate investors in Hawaii, it’s important to note that not everyone is the same. The points above are true for our team at Oahu Home Buyers, however if you choose to work with another buyer, make sure you find out how their process works from the inside out. Some buyers may require you to repair some items in the house, that you pay for your own closing costs, or that you wait to close until they have found a new buyer for your home within their network. Before you sign anything, make sure you are asking all of the right questions so you know what to expect. When working with our company, you’ll receive a fast closing and at a fair price.
Investors Aren’t Bad Guys
We simply have a passion for real estate and make our living creating solutions or homeowners and fixing up homes that need some TLC. It’s not about making the highest profit we can. It’s about helping Hawaii’s homeowners while restoring and revitalizing homes throughout the islands. The common misconception is that a real estate investor will only be out for himself. However, once you get in touch with Oahu Home Buyers, you’ll quickly find that’s not the case with us. We love real estate and we love the Hawaii area, but we also love helping homeowners get from where they are now to where they truly want to be!