There are a lot of things to consider when placing your home for sale. How long will your home be on the market waiting for a qualified buyer? What shape is my home in, and how much will needed repairs cost? Could the buyer potentially sue if they r find something wrong with the house after closing? If I deal with a Realtor, can I afford the commission? Call us at (260) 220-8715 to find out additional questions to ask yourself before deciding to sell.
As-Is Purchases
The first thing you may not know about professional home buyers in IN is that they will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Some transactions are as-is in that they do not require inspections.
Easy Closings
The second thing you may not know about professional home buyers in IN is that most professional home buyers in Fort Wayne, IN typically close faster than traditional home buyers, and usually in pay full in cash. 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. Most times there are thousands of dollars saved by not having to pay commissions to a buyer’s or seller’s agent. The usual commission is 3% per side, so if you sell your home for $200,000, you would have to pay $12,000 in commissions alone! A lot of professional home buyers 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. Out of state? Many professional home buyers provide mail-away closings which is a wonderful thing for out of state owners.
Extended Occupancy
The third thing you may not know about professional home buyers in IN? Professional home buyers are in it for the investment. On the day of closing they are not moving in. Most home buyers will allow a move-out time frame after closing to allow you to relocate at your own pace. With such quick closing time frames, this can extremely helpful for you. Don’t worry about leaving the home spotless when you leave. Simply pack your personal items and furniture you want to keep and leave the rest.
Stress-Free Selling
The next thing you may not know about professional home buyers in IN is that selling a home to a professional is much less stressful! When you decide to use a professional home buyer in Fort Wayne, IN, you will not have to worry about going through a roller coaster of emotions. 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 inspection issues, or running into a realtor or their clients asking you a hundred 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.
Less Risk
The last thing you may not know about professional home buyers in IN is that there is much less risk involved. If you want a nice straight forward transaction, sell to a professional home buyer. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. Legal risks will be minimal. 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 are willing to take on that risk, already know the state of the property.