Most people know what a realtor is and have pre-determined ideas or have experiences about what they do for you, as a seller. On the other hand, some sellers may be unfamiliar with the process of working with a professional home buyer in Raleigh, NC. Sellers can expect a professional homebuyer to provide simple, stress-free transactions.
Professional home buyers in Raleigh, NC typically close faster than traditional home buyers, and usually pay full in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, and property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which saves thousands of dollars. The usual commission is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone! Professional home buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would otherwise have to pay. They also offer mail-away closings, which is great for out-of-state owners.
Purchasing Homes As-Is
Professional home buyers in NC typically purchase homes as-is. As a seller, this means you won’t have to worry about repairs before closing or any other unanticipated costs. Some businesses do not require inspections, making it a truly as-is transaction.
Lower Risk Transactions
Selling to a professional home buyer is extremely straightforward. They will outline every step of the process and will typically have shortened, very clear contracts that are simple as-is purchase agreements. You will also be less vulnerable 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 are already aware of the property’s condition and are willing to take that risk.
When you decide to use a professional home buyer in Raleigh, NC, you won’t have to deal with 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 going 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 which you are leaving.
Move Out Time
Professional home buyers are looking to make an investment. They do not intend 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 is 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 personal belongings and furniture you want to keep and leave the rest.