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Benefits of Using a House Buying Company When Selling Your Home

By Al Twitty | January 15, 2020

People sell their homes for a variety of reasons. Some of them may be thinking of buying a second home, while others may be moving somewhere far away for good. The home selling process is usually not a walk in the park, and some people can’t afford to wait that long for a sale to come through.

good times for Real estate investors
Property investors are often in a much better position to buy the best homes.

This is where house buying companies come in. If you’re looking for a home selling option that involves as little hassle on your part as possible, selling to house buyers may be the best card in your hands.

Why Should You Consider a House Buying Company?

Selling a home typically involves various processes like decluttering, depersonalizing, remodeling, researching the buyers’ market, and staging, just to name a few. These activities may take weeks or even months to finish, so this is only an option for those who have ample time to prepare.

Fortunately, house buying companies are here to help you get this done as soon as possible. Here are some reasons why getting in touch with them is worth considering:

  1. They Buy Your House “As Is”

People who are in the “we buy houses” business are willing to buy properties even if they’re not in the best condition. Hence, if you don’t have extra time or funds for the necessary renovations, you can simply contact house buying companies.

They will come over to your property and give you the fairest price assessment they can make. You’re not required to agree there and then; in fact, you’re encouraged to think about it. The processing will only start once you’ve made up your mind.

  • They Pay You with Cash

House buyers have the cash to pay for your house on the spot. Of course, you don’t have to say yes to them right away just because they have the cash, but this can be a huge deciding factor if getting quick cash is your priority.

  • They Don’t Require Commissions

Those who get more than the fair price for their house are usually able to do so because of the help of real estate agents. However, having a real estate agent usually involves high fees since they earn through commissions.

Though you may be able to sell your house for more, that’s because you also need to spend on other parts of the whole transaction. With house buyers, you won’t need to deal with any of that.

  • They Can Quickly Close Deals

One of the reasons why house sales take long is because of all the paperwork involved. Additionally, sure buyers may also be hard to find. And sometimes, even if you think the deal is already final, there are instances when buyers suddenly pull out. This happens for a lot of reasons, but ultimately, it means that you’ll have to wait all over again.

House buyers take away this hassle by taking care of the payment plus all the paperwork. You no longer have to wait until everything is polished. Once you say yes to their deal, you can be certain that it’s as good as done.

  • They Can Take Care of Foreclosure Issues

Some sellers are forced to resell their homes because they can no longer afford their mortgage payments. In such cases, homeowners may get their properties foreclosed—something that will make a bad mark on their records.

Fortunately, you can get around this by selling your home to house buyers. Aside from getting paid with cash, you completely avoid having a foreclosure in your records. This will allow you to build your life back up with fewer problems and start anew with a clean slate.

The Caveat: It May Not Exactly Be the Best Deal

Although house buying companies can purchase your house quickly, they will never be able to pay you its full market value. This is very much the same as when dealers buy second-hand cars. They need to buy it for a lower price so they can at least resell it for a small profit.

The good thing is, you can get the money without having to worry about fixing it up before the sale. Ultimately, choosing between your selling options is all about your priorities (speed vs. better pricing).

Close Transactions as Quickly as Possible with House Buying Companies

Selling a home generally involves a lot of errands and documentation. Fortunately, you can skip all that stress by selling to trusted house buyers. Because they have the cash to buy your house as soon as you’re ready, you wouldn’t have to wait for months to get this important transaction off your back.

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