Selling a house traditionally by engaging a real estate agent is a time-consuming process. It even involves some investment to give a facelift to the property to attract buyers. Engaging a real estate agent does not relieve sellers of the hassles associated with the selling process. They must be actively involved during the property inspection at different times and during negotiations with various prospective buyers. Although the real estate agent takes the responsibility of marketing the property, the agent cannot ensure a speedy sale of the property in exchange for cash. Most property buyers require bank loans or mortgages to finance the property, which is a time-consuming process, and the average closing time could be between 2-3 months. However, there is no certainty about the time it takes for the deal closure as it depends on multiple factors. An alternative is to engage a house buying company.
Timely Closure And Cash Payment
If you do not have much time to sell your house and would like to get cash in hand almost instantly by offering the home for sale in the condition in which it exists, you must go to a house buying company that buys houses for cash payments. The company is ready to buy the property as is, while fulfilling with the seller’s need to close the deal quickly, in as little as 7 days. The process is so fast that you can choose the timeline for closure that suits you best because the company is ready to comply with it. The company will inspect the house and give a quote, which, once accepted by you, will lead to speedy closure of the deal, as the company has the resources and funds to comply with your need for timely closure and cash payment.
Sell Without Investing Money
Making the property presentable to prospective buyers is the sellers’ responsibility. They must refurbish it to enhance its attraction to fetches a reasonable price. Also, sellers must pay the commission of the real estate agent, which can be a considerable amount depending on the property’s value. Trying to offset these investments could result in pushing up the property cost, which can delay finding a suitable buyer. On the other hand, trying to get quick money from the property could require selling it at a price lower than the market value despite having adding value to the property by renovating it.
The house buying company is ready to buy the property in its present condition regardless of its legalities and liabilities. They take care of such problems because their objective is to quickly acquire the property after due assessment by paying cash while ensuring a hassle-free process for sellers. Cash payment ensures that the deal gets through fast once the seller accepts the company’s offer.
It is a win-win situation because the company gets the property at a price that allows it to maintain a decent profit margin when re-selling it. On the other hand, sellers are happy to get instant cash.
Ideally, companies would get in touch with you who would be more than ready to buy at your price, and as fast as could be expected under the circumstances. Nonetheless, this is not the real world. How you negotiate with companies is normally what separates a successful arrangement from an unsuccessful one. There is a craft in getting what you need while at the same time allowing the company to get what they need. If you are simply haggling over price instead of genuinely negotiating, you may be missing out on a lot of potentially successful arrangements.
Odds of Delay Are Minimized
When homeowners sell their homes in the customary way, there is always the chance that the buyers will be not able to close on the property.
When this occurs, the deal is either postponed or completely abandoned. From here, the parties can explore legal options which can be exorbitant, or they can decide to start over completely.
The fact is, even if a buyer agrees to buy your home, there is always the possibility that they will not be able to close on the property.
We hope you found this blog post on Selling a House to a House Buying Company Creates A Win-Win Situation useful. Be sure to check out our post on Benefits of Cash Offers When Selling Your Home for more great tips!
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