If you are looking to sell your home, then there are certain types of people looking to make investments in real estate you should do your best to avoid. According to real estate investment experts most buyers looking to make investments in real estate can be placed in one of three categories, dream home searchers, bargain home hunters and those looking for a great home at a fair price.
The first type, dream home searchers are most of the time willing to pay full price for their investments in real estate when they find what they consider to be the perfect home for them. The bargain hunters for investments in real estate thrive on finding the best deal they can possibly get, most likely want to negotiate and are often the types that look for fixer-upper homes. The great home at a fair price buyers are looking for investments in real estate generally don’t want to go full price and usually go through as much a negotiation process as they possibly can. If you have your home priced correctly and it is in great shape, most likely you won’t encounter the bargain hunters looking for investments in real estate, but you are likely to come across the dream home and great deal shoppers that can be broken down into three sub-categories, that can affect your bottom line and that you want to try and avoid if at all possible when it comes to those who are looking for investments in real estate. These three categories are the “zero-percent down shopper”, the “bully buyer” and the “sight-unseen” shopper.
The “zero-percent down buyer”- a lending company may find it difficult to approve a loan on your home, especially if it is setting a high mark selling price for similar homes when there are for investments in real estate buyers wanting to purchase it for little or no money down. This can cause you to lose offers on your home and keep it on the market for a lengthy amount of time. These type of buyers who are looking for investments in real estate are people you definitely want to avoid when they come looking for a deal on a home. Most of these types of buyers have done this before and can be very aggressive to deal with. The next type of buyer you want to avoid is the “bully buyer”. This type of buyer looking for investments in real estate will come in, look at your home and all the while they are making an offer will start listing all the things they think are wrong with your home. They are exceptionally difficult to deal with and can cause you unnecessary stress regarding the inspection process and will drag out closing negotiations and nitpick every part of the buying process. People looking for investments in real estate who try to bully you into selling need to be stopped the minute they start their litany of complaints. These are people who make investments in real estate often as a way to acquire property for resale and not as a place to live.
The third types of people who look for investments in real estate that should be avoided are the sight-unseen buyers. They will look at advertisements or online listings and never actually come and view the house. They are the worst kind of person looking to make investments in real estate. This type of buyer is often someone who for reasons not known to anyone but themselves will do this as a trick to tie your home sale up in negotiations so that it can’t be viewed by serious buyers looking for a good deal on investments in real estate. These types of buyers can often actually be competing realty agents who are attempting to hurt another’s sales. If you have someone trying to purchase your home that refuses to come and view your home in person or send a representative, tell them you only deal face to face with those who are looking for investments in real estate.
While these types of buyers need to be avoided, you can find someone who is truly a buyer that is easy to deal with and who is really interested in purchasing your home as way to make investments in real estate.