What are possible pitfalls of using a REAL ESTATE INVESTOR to sell your home?

When using a REAL ESTATE INVESTOR as opposed to a Realtor to sell your home, how is the Agreement of Sale handled? Are they known to give you a FAIR offer or do they want to purchase the property as quickly and cheaply as possible? How do they handled all of the necessary legal procedures is the transferring of the property correctly? Is there a typical closing process and is an attorney required at the closing? Will I have to pay taxes on the money received if the amount is less than 250,000?

Real Estate Investors by nature want to make money in purchasing real estate,so in answer to your question yes they want to purchase the property as cheap as possible.

About the paper work, if you reside in a state where attorneys are used to close real estate transactions then yes you need an attorney, if not then use the normal closing agents authorized in your state. The investor understands the paperwork involved in most all real estate transactions since they don't want any problem in selling the property.

They will normally go to a professional closing agent such as an escrow or title company to handle their closings and complete the transaction.

Most investors will give you a good deal based on the condition of the property, how much money he will have to put into the property to put it in a position to be sold.

Now if you want top dollar for your property, you have the time to sell it, you are not forced to sell the property because of foreclosure or other reason,then an investor is not the best route to go. If you have the time, the house is in good condition to sell and need no major repairs either sell it yourself or go through a real estate agent.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Use a realtor if you want fair market value and a investor only for a quick sell. Call a local real estate agent and ask him this question.