Having Second Thoughts About House Buying Companies? Read This
In a situation where you need to dispose of a property as soon as possible, the first move is often to scour the internet for: “companies that buy houses for cash reviews”. This essential research can quickly show what options you have and what people say about these companies.
Choosing the right company won’t be easy, even with positive reviews and recommendations. However, if you need to sell your house fast and move quickly there is no better option. “We Buy Houses” companies often simplify the process by buying your home as-is and closing quickly. This article breaks down the “what”, “how”, and “why” of partnering with such a business.
What are “We Buy Houses” companies, anyway?
These companies are real estate investors that buy houses quickly and easily. They pay in cash without much of the hassle that comes with going the traditional route. They usually cater to buyers who desperately need to get rid of a property as soon as possible.
Traditionally, when you want to sell a house, you have a realtor visit the property and then put it up for sale. Realtors typically recommend repairs and renovations to crank up the value. This can be a costly and time-consuming process, depending on the house’s current condition. Even after all the work you’ve put in, your property may still be on the market for a long time.
This is the kind of nightmare sellers want to avoid, and “We Buy Houses” companies can spare you this experience.
Why should you consider working with such investors?
Sell quickly and easily
The reality is that these companies usually have a pretty simple and hassle-free process when it comes to buying homes.
- They buy properties that have been stagnant on the market, vacant homes, and those that need to be sold quickly for a lot of reasons–bankruptcy, due to a divorce, damage, etc.
- They make an offer, with consideration to the current condition. You don’t need to renovate or upgrade.
- They pay the agreed selling price in cash.
These companies simplify the selling process so you don’t have to deal with the stress of selling through traditional methods. So, if you want to get rid of your house without a fuss, “We Buy Houses” companies are an option for you.
They will buy houses in almost any condition
Houses deteriorate over time, especially if they has been unoccupied for a long time. This is also the case if no regular maintenance and upkeep is done. These poor conditions often scare away potential buyers and make selling the house through traditional means difficult.
In some cases, sellers may be unable to deal with the needed repairs. “We Buy Houses” companies are likely to buy your house regardless of the circumstances. Don’t expect the offer to be high but at least you receive something, even if it’s just for the land the house is built on.
You can sell for pretty much any reason
Perhaps you need cash immediately or you might have inherited a property you don’t want anything to do with. A “We Buy Houses” company can take it off your hands quickly and without much fuss. You’ll have the money you need and rid yourself of a property that you don’t want in the first place.
You won’t have to deal with the nitty-gritty
Selling a house is a laborious process with many steps, if you decide to do it yourself. Some of the steps involved include:
- Choosing a listing agent
- Determining the value of your home
- Readying the home for sale
- Marketing the property
- Staging your home and opening it to potential buyers for viewing
- Receiving purchase offers and negotiating with interested buyers
- Opening an escrow and ordering a title policy
- Scheduling an appointment with an appraiser
- Scheduling a home inspection and cooperating with a buyer’s inspector
- Making any necessary repairs for the buyer’s lender
- Reducing price due to an appraisal issue
- Closing date changes due to buyer’s lender
- Renegotiating at the end
- Paying some of the buyer’s closing costs
- Paying for certifications or inspections as part of the closing process (varies from state to state and neighborhood to neighborhood)
- Delivering seller disclosures
There are many hurdles to overcome before a sale is closed. Companies that buy houses for cash can spare you the stress that comes with these responsibilities. You can choose to take a short cut or take a long way.
You have control of the offer
As a seller, the only decision you have to make is to sell the house or not. When you contact a “We Buy Houses” company for a possible sale, they come in and inspect the place. They then give you an offer right then and there, or after a short time, usually within 24 hours.
You then decide if you will take the offer or not. This is a no-obligation offer, with some companies offering as much as two weeks to leave the table open. They know that selling a house is a major undertaking so they usually give you ample time to decide.
As you can see, “We Buy Houses” companies provide you with the option to sell your home without any hassle. You just need to find a company (like ours!) that has been in operation for a long time, and has a reputation for being reliable and for offering a fair price.