To sell your home, you need some time and there are lots of things which have to be done. To many people, the common method of finding a real estate agent to help market their property on the market is not ideal. That is where the “we buy houses” companies come in.
These companies provide the homeowner with an opportunity of easily and quickly selling their property. However, as it is the case with most things in life, there are advantages of selling to a home-buying company, but there are also disadvantages to it as well.
Advantages of Selling to a ‘We Buy Houses’ Firm
1. Fast and Convenient Process
There is one particular benefit of dealing with a “we buy houses” company’—it is fast to sell your house. This is quite different from conventional real estate processes that may require months to sell a house. This speed is especially desirable for homeowners who have particular exigent circumstances for which they require money or need to meet urgent needs at a specific time.
2. No Requirement for Repairs or Remodelings
Often, when the property is sold through an agent, the homeowner will spend time and cash to do repairs or improvements to their home that will suit the growing demand of the purchaser. ”we buy houses” services often acquire houses in their current state, without requiring the need for any repairs or remodeling. This particular advantage will be useful to people who have houses which are not in very good condition.
3. Less Stress and Less Troubles
The process of selling a home used to entail many stages, including preparing the house for sale, advertising, bargaining with clients and other issues of financing. Selling to a home-buying company makes things easier since most of the hassles involved in these tasks are removed.
Disadvantages of Selling to ‘We Buy Houses’ Companies
1. Lower Sale Price
These companies are investors who want to make profit; thus, their offers incorporate costs that would be incurred while renovating as well as reselling. It is not favorable for homeowners who wish to sell their property at the highest possible price.
2. Limited Negotiation Power
Unlike traditional real estate investors, “we buy houses” companies provide a more fixed price for the house without much allowance for haggling. Sellers who are willing to wait for a better price or those who love haggling may consider this as restrictive.
3. Not Ideal for All Situations
If the house is still very good and the owner does not have the immediate need to sell the house, it would be more profitable to get a real estate agent for the property listing. “we buy houses” businesses are usually embraced by people who may be in a quandary of selling their homes especially when they are in a difficult position such as foreclosures, divorce or they have inherited a property that they do not wish to live in. For those not going through such situations, the trade offs might not be worthwhile.
Should You Sell Your House To A We Buy Houses Company?
In the end, it is your goals that serve as guiding factors for making the final decision. Remember before you make your final decision though, to be very aware of the advantages and disadvantages, and you will be good to go.
