You would have likely come along with signs posted at the side of the road saying things like “We buy houses Spartanburg SC” or “We Buy Ugly Homes”. So what’s the deal? Are these offers scams or they are for real? As with most things, some may be scams, but some are legitimate and can be a valid alternative depending on your situation. However, at what cost? In most cases, you may end up giving away about 15% of your equity in exchange for the convenience of a quick sale with little work on your part.
Keep in mind we are talking about cash home buyers that buy directly from the seller with no Realtors involved. The deal is usually with the intention of buying them at the lowest possible price so they can resell, rent or rehab them at a profit.
Many people out there want to sell their house for cash but do not know the right approach to accomplish it. For this reason, we will be discussing why going with a professional cash homebuyer is the right choice to make when looking to sell your home. Let’s explore more.
Why You Need To Choose A Professional Homebuyer
You do not pay any commissions when you sell your house for cash. However, when you work with an agent, they will most likely charge you between 5-6% of the sales price for commission. If you are not careful, that commission may strictly add up to the amount you will get for the house. If you decide to go with a homebuyer, you will sell your houses directly for cash without any third party. Thus, you stand a higher chance of getting the best value for your home.
No Need For A Home Inspection
When selling your home directly to a professional home buyer, you do not need an inspection. Inspections only occur when it is necessary, and except for exceptional circumstances. For instance, if the house is a fixer-upper.
All in all, you do not need to stress yourself trying to identify what is wrong with the house when you are dealing with a cash home buyer.
You Sell Your House In As-Is Condition: No repairs
There Are No Contingencies
When a contingency occurs, it simply means a stipulation or requirement that the buyer must meet. Otherwise, they will purchase another property. In a typical market situation, a good home sale needs to contain at least three contingencies. These contingencies include:
When you are going with a home buyer, you are sure that they are not people that will nag you and disturb you about not getting your fittings right. If most of the items are not working on the property, they will still buy the property from you anyways.