A Certified Investor With Instant Cash Who Buys Homes It has become a preferred alternative for homeowners to sell their homes to private investors because it is the quickest and easiest way to sell and get cash instantly. The real estate market is becoming so slow and credit is clogging up, that is why many of these homeowners are finding it hard to sell their homes to a true buyer. They, therefore, turn to investors who can ante up straight cash for their homes. When you sell your home for cash, it is still quite similar as to when you sell it to a buyer and do the usual transaction or financing. There are advantages though if you receive the cash instantly than when you receive it through bank funding by the buyer. A prime advantage of selling your house for cash is getting the deal closed in just a few days, rather than weeks. Filling in long forms with the lender is no longer necessary, as well as the waiting game for the approval of it. There are now tight restrictions implemented for borrowers who need money down mortgages. Down payment of atleast 20 percent and a decent FICO score are required for the borrower to get the bank’s approval for money down mortgage.
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Due to the unstable economy and high rate of unemployment, a lot of people are avoiding to invest a home from the real estate because they are afraid that they might not be able to keep up with the mortgage if they suddenly get kicked out from their job. A lot of them would not take that risk. The lack of certified home buyers makes it even more difficult for sellers in the real estate market.
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Nowadays, most homes are being purchased by real estate investors. There are not much sources for lending money the usual way and most private investors are abundant enough to pay houses for cash. This process is very helpful also for the portfolios of the private investors. Another benefit that homeowners can get with private investors is that these investors are experts on short sale and foreclosure transactions. Both of these transactions require vast knowledge and the investor should be able to develop relationships with lenders. Documentation and other requirements are needed for short sales and to be able to get through all of it successfully is with a certified real estate investor. Selling the house to a private investor for cash does not require the help from a realtor, which can be a benefit for the seller so that he or she will not have to pay for the commission fees. Legal documents are important when transferring to real estate, therefore, it is essential on your part to understand what is written in those contracts before placing your signature. Alamo City Assets LLC is a local investor from San Antonio who buys houses with cash.