Deciding to sell your home to a house buying company can be a better alternative to the traditional route. While most of these companies don’t offer the full market value of your property, the downside is that they offer convenience, no transaction fees, and the peace of mind that the sale won’t suddenly fail at the last minute.
Here are some great reasons for you to sell your home to companies that buy homes instead of selling it locally:
- Avoid last minute withdrawals
When you sell your home to corporate buyers like those of https://www.nexushomebuyers.comYou don’t have to worry about accepting an offer to find out a few weeks later that the buyer has changed his mind or is unable to qualify for a loan.
One of the most stressful aspects of a traditional home sale is the hassle of sales falling when you least expect it. When you work with a credible corporate buyer, you don’t have to worry about them leaving the business once you agree to the sale. Once the check is in your hands, the transaction is finished and completed.
- Avoid contingent liabilities
In traditional house contracts, an offer to buy usually contains several contingent clauses to protect the buyer. These clauses are designed to give a potential home buyer an opportunity to retire in the event there is a problem with the home or if they suddenly change their mind.
Some examples of contingent clauses are the following:
- The offer is only valid if the mortgage has been approved by the bank.
- The offer is only valid if the buyer’s current house is sold within the next 2 months.
- The offer is only good if the home inspection report shows positive results.
While most business buyers still need a home inspection, they also prefer rather shabby homes that they can buy at a discount. In this case, no contingency clause is required. In their offer, not only identified defects, but also unforeseen events are taken into account. They bear every potential risk, which is why they often buy homes that are below their current market prices.
- Sell your home as is
Local sales often mean that you need to identify and fix problems with your home. This is because you will find it difficult to sell a rundown property that requires extensive repairs. Renovation work, thorough cleaning or renovation doesn’t just cost a pretty penny, however. They can also be time consuming.
If you don’t want to pay for repairs, then selling to corporate buyers is the way to go. They buy houses as they are. You won’t be deterred by a damaged home or condition that usually makes it difficult for you to attract conventional home buyers. In fact, many corporate buyers strive for rundown homes that they can buy at a discount so they can later renovate and flip the home.
One thing to keep in mind is that if your home is damaged, you can’t expect to be able to sell it at the same market price as other immaculate homes in your neighborhood. The company’s buyer often sends an inspector to assess the extent of the damage. The repair costs will be deducted from the purchase price.
- Sell quickly
Selling locally means waiting for someone to make an offer and hope that the bank and your brokers are fine. This entire process can take months to years. In contrast, selling to a company buyer is a faster option. Once you accept their offer, you can have the check received within a few days and they will do the rest of the paperwork.
Selling to reliable and trustworthy company buyers like Cream City homebuyers is a good choice if you find yourself in the following situations:
- You need to sell quickly to avoid foreclosure or repossession
- You are planning to move for professional or personal reasons
- You want to start buying a new home as soon as possible
- You want to close the estate and heritage Proceed quickly
- You need the money to pay urgent financial obligations
- Receive the cash payment immediately
Unlike local house sales, where you have to wait for the buyer to get mortgage approval, company buyers can pay for your house right away. Once you have agreed the price, all you have to do is fill out the documents for the transfer of your property. You will then immediately receive the total amount.
Selling your home to house buying companies can be beneficial in certain circumstances. If you want to complete the transaction in record time, this is definitely the best option for you.