What Happens after You Sell to Cash Homebuyers?

Once a real estate investor purchases your home, they are going to have what’s called an “exit plan.” No definitive list of exit plans exists, but the two most common ones are “fix and flip” and “buy and hold.” Other investment strategies include wholesale assignments, subject to mortgages, and resale’s via lease options. Of course, new construction builders will either “cut a house back to its studs” or just knock it down altogether and rebuild.

Since we buy houses all over Virginia  to fix and flip, that’s what I’ll elaborate on here. From all the TV reality shows over the last decade, flipping is far and away the most well known exit strategy. In fact, according to RealtyTrac’s Q1 2018 U.S. Home Flipping Report , investors flipped 48,457 U.S. single family homes and condos in the first quarter of 2018 ALONE.

When I walk through a property as a cash homebuyer, I’m looking for potential. A home doesn’t have to be pretty at that moment. It just has to have the feeling that, with a little work, it will make wonderful starter home for a young family. Sometimes that means opening up walls, replacing cabinets, and updating appliances. It almost always requires painting the entire house and putting down new flooring. Our goal is always the same: make the house feel new and modern. If we do our job right, we have no problem reselling it at a reasonable price to a new owner who will make the house into their home. The whole process takes between 90 and 120 days.

If you have any further questions about selling your property to Home Investors of America, please consider contacting us through the fast offer form on our website.

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