Need to sell your house fast? In the world of real estate there are two types of companies; traditional real estate investors and wholesale investors. Both say they are real estate investors, but you must be careful who you work with.
Most wholesalers have no intention on buying real estate and more importantly most don’t have the financial resources available to fund the transaction. We’ve all seen the commercials, real estate gurus proclaiming, “you too can be a real estate investor with no money down.” If you haven’t seen the commercials perhaps you’ve seen the signs around town; We Buy Houses Indianapolis or Fast Cash for Your House. This is fundamentally what a wholesaler is. The process is simple. They offer to buy your property, get a purchase agreement signed and then it’s off to the races.
If you read the fine print on a purchase agreement with a wholesaler you will notice that they “reserve the right to market, assign or sell the contract to a third party.” Wholesalers don’t plan to take possession of your house, but rather broker the deal to a traditional real estate investor. With contract in hand, wholesalers market to traditional real estate companies with the financial resources, like Ittenbach Capital, to complete the transaction. It is these traditional real estate companies that take possession of the property. It’s their money that make the transaction possible.
Why does this matter to you? If you need to sell your house fast in Indianapolis for cash, working with a wholesaler could cost you valuable time. If you are facing foreclosure or other financial strain, time is not a luxury you may have. If a wholesaler doesn’t find a buyer then they have the right to walk away from the deal, leaving sellers stranded with no cash in sight.
A large real estate investor, like Ittenbach Capital based in Indianapolis, buys homes for cash. They have the financial resources to offer cash on the spot and is a better solution for sellers as they have greater control of their transactions. They have the experience and expertise to price the property appropriately. Without profit there will not be a sale. Wholesalers often lack the experience necessary to right price a home. If there is little to no room for profit, chances are the sale will fall through and they will back out of the deal.
If you need to sell your house fast in Indianapolis and are considering selling to any self-proclaimed real estate investor, don’t be afraid to ask probing questions that will help you better understand their business model. It’s wise to dive into the nitty-gritty of the buyer’s business before getting too involved to back away. Remember that it’s your house to sell and it’s worth taking the time you need to get it right. With Ittenbach Capital, they are honest, fair and above all else transparent. They will take the time to walk you through the process and build a solution that best fits your needs.