When most people are young and just reaching adulthood, one of their common dreams is to own a home. Though as we age, we realize that this can be a little bit complicated. Unfortunately, many of us end up saddled with homes instead of being happy homeowners. Interest on mortgage shoots up too high to pay, the house starts to need repairs we cannot afford, or we might just be unhappy living there anymore due to a variety of reasons. This is when we try to sell our homes. Though it’s not just as easy as putting a sign up in the front yard. Some homes sit on the market for years, and some never sell. It’s not like those TV shows where dozens flood in to purchase the home as soon as it goes on the market. Some homes are very tough to sell.
This is why a lot of people turn to the services of a house buying company to assist them in selling their homes. House buyers will typically grab up the home, and then the onus to sell for a profit is on them. You, as the former homeowner, no longer have to worry about it. Your home has been sold, and you’re free to do what you want with the money. There are many benefits to going this route. Here are a few of the best ones.
The Benefits of Using a Home-Buying Company
A Much Quicker Sale Process
The first benefit here is the process is much quicker. You don’t even have to list your home on the market. What you will do is simply contact a house buying company. They will come in and assess your property and pay you fair market value for it. They’re not trying to wiggle your home away for a fraction of the price; these companies cut their teeth and make a name by being honest and offering fair value. They’re not like pawn shops that will offer you pennies on the dollar due to your desperation.
No Steep Agent Fees
Another big benefit of using house buyers is that you won’t have to deal with agent fees. Many homeowners are shocked when they finally do sell their home for their asking price, but then thousands of dollars end up in the hands of an agent. Agents tend to take pretty large fees, and many of them will toss in some surprise fees that you had no idea existed. Agents are only looking to profit by acting as the middle-man in the sale of your home. You can skip this step entirely by going with a home buying company.
Save Thousands in Renovations
Most people who are selling their homes figure that they have to make them very appealing to a broad market in order to sell. Traditionally speaking, this is true. If your home does not appeal to buyers, it’s not going to sell, and when it does, you won’t fetch the price you were after. A home buying company is the one that will ultimately flip your home for its own profit. Though when they purchase your home from you, they’re paying fair appraisal value and don’t concern themselves with new fixtures and floors and such. So you can save all of this money and not risk the investment.
No Expensive Staging or Open Houses
Another tried and true method in the traditional selling of a house is to invest a lot of money in staging and marketing your home. People can spend thousands of dollars for other companies to bring in furniture and fake flowers and apple pie-scented candles so that your house feels like home to people who might want to purchase it. Then there’s the huge price tag of listing it on the market and operating open houses. Home buying companies just purchase your home without all of this expensive stuff. Thousands of people spend all of this money and then still don’t get what they wanted for the home, which means they lose a lot in the sale.
By going with the right home buying company, you’re guaranteed to sell that home, and without all of the extra expenses you typically have to invest with the traditional methods of real estate.