Most people know what a realtor is and have pre-determined ideas or have experiences about what they do for you, as a seller. On the other hand, some sellers might be unsure of what type of process to expect when working with a professional home buyer in Statesville, NC. Sellers can expect a professional homebuyer to provide simple, straightforward, uncomplicated transactions, free from many of the stresses normally associated with selling your house.
Professional home buyers in Statesville, NC have the ability to close much faster than traditional home buyers, and usually pay cash in full for your house. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. The usual commission is 3% per side, so if you sell your home for $250,000, you would have to pay $15,000 in commissions alone! Professional home buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners.
Purchasing Homes As-Is
Professional home buyers in NC will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other surprise costs that you were not planning on. Even worse, a buyer planning to live in the house can tie your property up for weeks or even months, and then walk away from the sale if they do not like something in the inspection report- putting you back at “square one” when you thought you had the house sold and done with. There are some companies that do not require inspections, which makes it a truly as-is transaction, and gives you the finality of knowing that your house truly is sold.
Lower Risk Transactions
Selling to a professional home buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. Every step of the transaction will be handled by our attorneys, who will also explain anything that you are not totally clear on, ensuring that you have minimized your exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk. You also know that since it is a cash sale, there will be no surprises months down the road when the buyer is unable to get a loan because underwriting criteria have changed, or the buyer’s credit score has changed (like when they go out and buy a new car weeks before closing- this actually happens).
Save the Headache of Having your Home Shown Again and Again
When you decide to use a professional home buyer in Statesville, NC, you will not have to worry about going through a roller coaster of emotions. It can literally feel like walking on eggshells trying to keep the house perfectly clean at all times, never knowing when a potential buyer will want to see it (especially if you have kids)! There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Move Out Time
Professional home buyers are in it for the investment. They are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest. Everything can be negotiated for convenience- if you are moving out of state, for example, you could even leave most or all of your furniture so you do not have to lug it across the country.