Sell your house to an investor with a Hard Money lender.

 

HARD MONEY, PARTNER, BUYER: another way to sell your house quickly bees to an investor with a hard money blender who will finance their deals . a hard many lender has private investors who who lend their money for these kind of deals . while making get the money a lot faster than been a conventional loan type of situation in other words a traditional mortgage there are higher interest rates and been generally higher cost to get this money . 

  
 
    The condition of many properties makes it difficult to sell the house to a buyer getting a conventional loan (a traditional mortgage) and also the short time frame available eliminates the conventional mortgage option.
     
    For the seller of the property, they are in effect getting a cash buyer in this scenario, because they will be cashed out at closing by the investor. The HML's require a first place lien on the property and so the existing financing must be paid off. HML's will also require a Title policy, appraisal and survey. Often the investor will have the right people lined up who can do these jobs quickly, again the time frame to obtain the title insurance policy will be a key factor to being able to close within a few days. Sell house to investor.

 

    Now generally the HML's will only loan up to 70% of the After Repair Value (ARV) of the property. To the seller, this means the most you will probably be able to sell your property for under this scenario is, 70% of the after repair value, minus repairs and closing costs. Sell house to investor.

 

    For example: You have a house that theoretically, would be worth $100,000 in clean, painted, ready for move-in condition. However the house needs $12,000 in repairs (maybe a new roof, new carpet, painting, new fixtures, appliances, cleaning) and their will be $3,000 in closing costs. Under the Hard Money option, it could be sold for only up to $55,000. These are the numbers that most rehab buyers will be looking for to buy a house in poor, or unmarketable condition.