When your home goes up for sale, you likely envision a happy family or young couple putting in their offer and living happily ever after in your former house. However, individual buyers aren’t the only ones who may make an offer on your property. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that you might receive offers early on from investors too. Firms and individuals often buy residential homes to use as rentals, to resell at a profit or to build up a property portfolio. A regular buyer typically needs to wait for financing. This delay can slow down closing, and you may have to wait longer to finish the deal. Investors often buy in cash and are ready to close immediately, which is a huge perk if you’re looking to sell quickly. However, when you sell to an investor you may not get the best deal. Most investors only buy properties that are below market value, while a buyer might pay your asking price. Check out below to see what sold in Highland Lakes in March 2016:
19808 Irongate Court, Northville: 2 bedrooms, 1.1 bathrooms, 1,280 sq. feet, Sold Price: $132,000
Highland Lakes Home Sold
March 2016
19370 Malvern Court, Northville: 3 bedrooms, 1.1 bathrooms, 1,368 sq. feet, Sold Price: $151,000
Highland Lakes Home Sold
March 2016
Once you have an offer, look over the deal carefully. If you’re struggling to decide who is best to sell to, remember to work with a Realtor. They will point you in the right direction. For more information on Highland Lakes, or similar Northville or Novi neighborhoods such as Lakewoode Parkhomes, Crosswinds West and Country Place, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.