Selling your house is the most important financial decisions that anyone will make. It is quite a stressful and time-consuming, which is why many homeowners are turning to professional house buyers. These companies specialize in buying homes quickly, without the need for repairs or renovations. In this article, we’ll explore the pros and cons of selling your house to a professional buyer, so you can make an informed decision with help of https://www.webuyhouseshawaii.com/.
Benefits of Selling Your House to Professional Buyer
There are a lot of benefits of selling your house to a professional buyer. Given are a few significant benefits that you must check out:
Professional home buyers can help you close on your sale faster, often within a week’s time. This can be one huge benefit for homeowners who would like to sell fast, just like those who are facing the foreclosure and job relocation. Traditional house sales can take many months to complete that can be quite frustrating for homeowners who would like to go ahead with lives.
No repairs and renovations required
Another biggest benefit of selling your home to professional buyer is you do not have to make any kind of repairs and renovations. The companies are only interested in buying houses in any condition, thus you do not have to worry of fixing up the home before you plan to sell it. This will save you lots of money and time, particularly if your house wants repairs.
Professional home buyers generally pay in cash that will be one significant benefit for the homeowners. The cash offers are quite attractive to the sellers as they aren’t contingent on the financing. It means there is not any risk of sale falling through because of lack of financing. This means you may close on a sale fast, without even waiting for the mortgage approval.
No commissions and fees
The professional home buyers don’t charge any kind of commissions and fees that will save you plenty of dollars. While you are selling the home through traditional estate agent, typically you will pay the commission of 5 to 6% of sale price. This will add up to thousands of dollars, which depends on your home value.
Disadvantages of Selling House to Professional Buyer
Though there are a lot of benefits to selling your home to professional buyer, there’re a few potential downsides that you must check out.
Lower offers: The professional home buyers provide less than market value of the home. It is because they want to make profit on ever sale, and take on risk of buying house in any condition.
Scams & frauds: Unfortunately, there’re a few scams and frauds in professional home buying industry. Certain companies will take benefit of the homeowners who are in the vulnerable position, like those facing foreclosure.