The decision to sell your home is never an easy one. You don’t want to rush the process and not get the money you deserve from your investment. On the other hand, you don’t want to put your house up for sale and have it sit there for months or years without any interested buyers. While there may be many options to consider for selling your home, below are some of the top reasons you should consider hiring professional property buyers instead. It may be the perfect option when looking for a quick solution.
1. Sell Home As-Is
One of the best reasons to use a professional property buyer to sell your home is because you don’t have to worry about repairs and can sell your house as-is. When it comes to the repairs needed to sell your home, the costs can quickly add up. In some cases, you may not have the time or money needed to get repairs finished before your house needs to be sold. When you sell to a property buyer, you will not have to worry about fixing your house up and making it sellable.
2. Cash Is King
When you sell to professional property buyers or investors, you will most likely be given the full sale price at once. This will eliminate having to wait for appraisals, loan approval and any other processes involved with selling a home using a real estate agent. Receiving a lump sum of money as your payment for the sale means you will have an easier time paying for your new home or taking care of other responsibilities using the cash.
3. Closing Will Be Faster
When you use professional property buyers to get rid of your home, the closing will always be faster. For homeowners needing to sell their properties quickly or in a shorter amount of time than usual, selling to an investor might be your best chance at getting your home sold. Unlike traditionally selling your home using a realtor, using a property buyer will mean fewer bureaucracies to deal with. You may be able to sell your home and have cash in your bank account within one week.
4. Be Done With A Mortgage
Some people buy a home thinking they will be happy living there for the rest of their lives. Other people feel like they are stuck in a never-ending mortgage payment. If you want to get out of your mortgage loan or are having trouble making your monthly payments, property buyers can offer you cash for your house and get you completely out of your mortgage.
5. Stay In The Home Longer
Selling to a professional property buyer does not always mean you have to move right away. When using a realtor, you may have to move out while your house is getting repaired and the staging is being set up for prospective buyers and viewings. Professional property buyers will often allow you to stay in your home until the sale has been completed. If you need a little more time to find a new residence, some companies will give you a grace period after the sale has been completed to search for a new home.
If you have been put in an awkward situation and need to sell your home quickly, investors can offer more flexibility than traditional real estate agents. An example of an awkward situation is owning the home while tenants are living in it. You may be able to sell the property and allow them to remain living there after the sale has been completed. Divorces and inheritance issues can also be easier to deal with when using a professional property buyer.
7. Save Money On Commissions
When you take the traditional route to sell your home, you often have to pay a lot of money to use a real estate agent. On average, this usually means giving up to 6% of the equity in your home as a commission on the sale. When it comes to investors and professional property buyers, many homeowners make the mistake of thinking they are losing a lot of money by using their services. However, it is important to take into account how much you save by not having to pay fees, get repairs or offer commissions to an agent.
Eric Reyes is a passionate thought leader having been featured in 50 distinguished online and offline platforms. His passion and knowledge in Finance and Business made him a sought after contributor providing valuable insights to his readers. You can find him reading a book and discussing current events in his spare time.