subject: There Are Two Types Of Buyers Who May Consider Buying Your House [print this page] Whenever I am thinking about selling my home for cash I have to stop and consider that only certain buyers are in a position to pay cash for a property. And, naturally, the trick is to find those people when the time is right. I've been buying and selling homes for many years, and I've been able to sell to a number of cash buyers, so I know something about how it works.
Generally, there are two categories of buyers that I look for when I'm selling my home for cash. The first category is people in the business of buying and selling homes like I do, meaning real estate investors. Some investors aren't purchasing homes to resell immediately, but to keep and lease out on a monthly basis. They are in the business of being landlords more than they are in the business of selling homes. Many investors also have rental property, including me. I have quite an inventory of rental properties at the present time, although it is not my primary business.
My point is this - I know that there are people who invest in real estate to build their personal portfolio, even though they have other jobs and don't consider themselves to be working full-time in the real estate business. It's more of a sideline to these particular investors, but they can be excellent cash customers for my homes for sale. Locating these landlords is not difficult because they usually have For Rent signs on their vacant properties, and you can get their phone number and give them a call to see if they might be interested in your home for sale. That's what I do when I'm selling your house for cash.
The other group of people who are likely to have cash to pay for a home are retirees. Older people who have worked and saved money, and then possibly sold another home that had equity involved when they learn how to sell a house. They are looking for a place to live that will be good for them now, and that won't require them to make monthly mortgage payments. Financial planners and attorneys often work with people who are retiring and making adjustments in their investments and their lifestyle, so that's why I keep in touch with them, too, just as I do the landlords I mentioned earlier.
It's always a good idea to sit down and make a list of possible buyers for your home, and then consider where you are most likely to find the type of buyer you need. When I'm selling my home for cash I know I need a certain type of buyer, and I know where to find those buyers.
by: Leo Kingston
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