HomeVestors Says Investors Must Give a Little Extra to Get a Little More

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Paying full price for a home may actually bring better profits in the long run.

Dallas, TX—HomeVestors has spent the last 15 years buying and selling as is homes. After 50,000 properties and a ton of real estate investors and homeowners, they have learned a lot about the real estate industry. One of the most important things they have learned is sometimes real estate investors have to pay more for a property to get a little more out of it.

Very few homeowners  ever experience the exact same situation. However when they are read to sell, they want out of their home fast. This opens up a lot of opportunities for real estate investors to make offers. The first thought of most real estate investors is to offer the lowest price possible and see if they take it. That is not always the best practice.

There are times when the homes needing to be sold are in perfect condition. They have been updated and need no renovations. They are move-in ready. Offering a low ball offer is sure to anger the homeowner and get the offer thrown out. It does not ensure an acceptance or counteroffer at all.

These move-in ready houses are wonderful for real estate investment properties. The investor has to do nothing to get it ready to rent. This saves a lot of extra money up front. The investor can immediately put it on the market and accept renters, which shortens the amount of time the home sits before it is rented out.

Offering more isn’t always available to the real estate investor if the entire amount is needed upfront. As an alternative to traditional financing, an investor could offer the fills price, but ask for a lease to own, subject-to, or seller financing option. This allows the investor to pay the full amount over time for the property. Since the property is to be rented, chances are the rental rate will provide more than enough to cover the mortgage payment, insurance, and property taxes and still allow for the real estate investor to make a profit each month.  The profit can be saved to pay off the loan faster, spent as salary for the investor, or reinvested in the business.

Full price may seem as extreme as a low ball offer, but over time it can actually pay the real estate investor more.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level  of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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