Most of our perception of selling real estate is to contact a real estate agent to put our home on the market for all to see. But unfortunately, we will then wait months to a year in some instances to get our house sold to the right buyer. The other route that a homeowner may try is to sell the house FSBO (for sale by owner). In recent years FSBO has been something that you have seen less of or unsuccessful. Most homeowners think they will put the property online or put a sign in their window stating the home is for sale. In some instances, the homeowner does sell the house, but below market value. When we use a real estate agent to sell our home, you may have to leave your home at random times to allow the agent to show your property. It can be a challenging experience when you have to go home at different hours. What if your agent finds a buyer for your home? Will they be able to get the buyer to the closing table with no problem? Buyers back out of a home sale, leaving you to start the process all over again. Many issues are selling your home using an agent or on your home. It is more common for a homeowner to sell using a cash home buyer in today’s market. Cities like Philadelphia and Baltimore are hot spots to sell to cash home buyers. You can notice signs in each city that say, “we buy houses Philadelphia” or “sell my house fast Baltimore.” What are the advantages of selling to cash home buyers?
1. They are everywhere
There are so many of these we buy houses companies out there in today’s market. So you can shop around offer after offer. Contact one company, have them check out your home, and give you a price. Then have the following company come out and give you an offer. These companies are easy to locate. All you have to do is a quick internet search or most of the time; they are always calling or texting homeowners, bringing the buyers directly to you instead of having an agent bring them.
2. Fast Closing
As we mentioned before, if you decide to sell your home using a real estate agent, this process could take months. Once you list the property for buyers to see you, you have to wait for the right one to offer. When selling to a, we buy houses company; you automatically have a closing date set anywhere from seven to twenty-one days. The dates are set to time to receive a marketable title to the buyer. It means they run a title report on your home using a title company. Checking the ownership for any leans or judgments against the property. Once that is clear, they close in cash on the house.
3. All-cash offer
When you use a real estate agent, you get a buyer brought to you. That buyer has to apply for financing through a lender or mortgagor. In the situation where you sell to we buy houses companies that buyer does not need to use for financing. Nine times out of ten, the cash buyer buying your home pays for the total amount in cash. These buyers make money from real estate, so they always have the funds to distribute when the time comes.
4. No repairs needed sell as-is
You are selling a home using an agent; a buyer may ask for almost an impossible amount of repairs to be made. Some people will do costly repairs that may not add value to the home anyway. When you sell your house to cash home buyers, they will not have you make one single repair to the home. They buy as-is because they plan to be the ones who fix up the home. In most cases, you can leave whatever you want in the house. Sometimes homeowners have a crazy amount of items they have no more use for, instead of paying hundreds periodically thousands to clean a home out. The cash buyers in this situation handle that for you.
5. Getting the most money
Suppose you decide to sell your home on your own instead of using a real estate agent. You could potentially short yourself out of a decent amount of money. Your average homeowner does not entirely understand the real estate market; therefore they turn to agents and cash buyers. Both an agent and cash home buyers understand the valid values of homes. They can base the number they provide you for your home on the numbers of comparable homes selling in your area. Therefore, they will pull exactly accurate sales within remarkably close proximity of your property. If someone was to go too far out looking for sold homes, you could be getting the wrong value.
6. Selling to someone knowledgeable
When selling your home, you do not want to sell to the first person approaching you. Find out if they do business solely in your area. Many cash home buyers focus on buying up real estate in one region. It allows for them to become truly knowledgeable in buying homes. It takes time for a person to entirely understand the actual values of homes in an area. If they have experience buying close to your home, you know you chose the right buyer.
Conclusion
No matter how you decide to sell your home make sure, you do some research. Suppose your to busy and can not find the time to do research. Then ask lots of questions to the person that wants to buy your home. If you live in a good market, you will probably get approached by a few phone calls a month; if you decide to leap and sell, make sure it is someone who can offer you all the mentioned statements we provided you and the sale of your home will go as easy as possible.