There are so many questions that come to mind when placing your home up for sale. How long will it be on the market? Will the potential buyer be qualified and able to come through financially? What repairs should I make and how much will that cost? Will the buyer find something wrong with my home after closing and could that cause problems later? So many questions to find answers to before selling! But don’t lose heart. There are good answers.
As-Is Purchases
Professional home buyers in Nebraska will usually purchase homes as-is. As a seller, this means you don’t have to worry about making repairs before closing or about any other additional expenses. There are some home-buying companies that don’t require inspections, which makes it a truly “as-is” transaction.
Easy Closings
Professional home buyers can usually close faster than traditional home buyers who need traditional financing. One nice thing about professional home buyers is they can usually pay in cash. In contrast, traditional home purchases often require qualifications from banks, mortgage underwriting time, property inspection time, and the buyer may not end up qualifying in the end. With professional home buyers, there are normally no commissions paid to a buyer’s or seller’s agent, which can mean thousands of dollars in savings. The standard agent commission is 3% per side, so if you sell your home for $200,000, you would have to pay $12,000 in commissions alone. Professional home buyers also may not charge transaction fees; if they do, they will be low in comparison to the commission or closing costs you’d have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out-of-state owners.
Extended Occupancy
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 can be 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.
Stress-Free Selling
When you decide to use a professional home buyer, you shouldn’t 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 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.
Less Risk
Selling to a professional home buyer is pretty straight forward. They will layout every step of the process and usually have shortened, clear contracts that are simple as-is purchase agreements. You will also have lessened 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.