The few buyers who do come to your house spend every minute of their visit poking into nooks and crannies and criticizing your beloved house. And after all that, they might even just walk away. A simple Internet search will reveal horror stories about clients who tie up houses for weeks, then reject the deal at the last minute.
However, house sellers today have a variety of options. If you want to sell your house, you could go the traditional way by hiring an estate agent, try selling the house yourself, try negotiating with your financing company, or you could decide to use a house buying company.
A house buying company is essentially a company that buys and sells houses to make a profit. It’s basically a company that flips houses. Due to their unique nature, selling your house with house buying companies is a considerably smoother process than the traditional route of hiring a real estate agent.
If you’re ever looking for companies that buy houses in Riverside, look for any advertisements saying ‘we buy houses in Riverside’ or ‘we buy houses fast Riverside’. If you’re trying to sell your house fast in Temecula, look for companies advertising ‘we buy houses in Temecula’.
But what exactly are the advantages of using a house buying company?
If you look at a lot of advertisements for house buying companies, you’ll notice that they always talk about speed. This is because house buying companies are famous for closing deals as fast as possible. If you need to sell your house as fast as possible, visit a house buying company and you might even end up getting your money by the end of the day.
This is possible because ‘we buy houses’ companies operate as individual cash buyers. When you work with them, you don’t have to go through the process of listing and preparing your house – the company simply buys the house as an individual.
Keep in mind that cash buying companies do not offer listing or agent services. They will not help you to find a buyer for your house – they’ll buy it themselves.
2. No preparation required
Another reason why house buying companies are known for their speed is that they usually buy houses ‘as is’. When you’re selling to a house buying company, you don’t have to spend weeks, or even months, preparing the house for sale.
If you’ve sold a house before, you probably know that staging is a key part of the house-selling process. You may have to put in weeks, if not months, of effort into preparing the house. You might also end up spending a small fortune to upgrade dated parts of the house, repaint walls, and change furniture arrangements.
Even if you do manage to get through this process without spending a dime, there’s still effort and time to consider. You’re not going to finish staging your house in a day, or even in a week.
A house buying company will buy your house, no matter how good or bad it looks. Even if your house has severe structural issues, they’ll probably buy it. Many such companies even have a division that caters specifically to renovation.
3. No worries about maintenance and repair
If you’re selling your house the traditional way, you’ll also have to look for even the tiniest problems in the house and have them fixed. From cracked tiles to leaky roofs, you’ll have to pay for each and every problem to be fixed. Many agents will recommend that you replace your plumbing or heating systems even if they don’t have any problems, just in case.
Remember that if you’ve gone the traditional route, you’re spending all that money without a guarantee that you’ll get any return on your investments. There’s always the possibility that after spending all that on your house, you won’t get any buyers.
When you’re selling to a house buying company, however, you don’t have to worry about any of that. Since most companies buy houses ‘as is’ you won’t have to invest any time or money into preparing the house for sale.
Many companies also offer to take care of your junk, further reducing your workload. If you’re dealing with such a company, you won’t have to worry about disposing of your unneeded belongings. The company will deal with them for you.
4. You don’t have to worry about time
Spring has traditionally been the best time to sell your house. Everything looks brighter, the weather is amazing, flowers are in bloom – all these events conspire to make your house look breathtaking, even if that’s not how you would usually describe it.
But what do you do when you need to sell your house urgently in winter? The weather is dull and dreary, snow’s covering all the pathways, and everything looks dark and gloomy. You’ll be lucky if you get a potential buyer to look at your house, let alone actually buy it.
Luckily for you, however, house buying companies usually operate throughout the year, and a phone call will be enough to get them considering your place. It’s considerably faster than dealing with the vagaries of the market or negotiating with a real estate agent.
Depending on your personal situation, using a house-buying company may or may not be the most viable option. If you’re in a real hurry to sell and you don’t want to spend lots of effort and money on preparing your house, set your sights on a house buying company.
On the other hand, if you want to make the most money out of your house, are willing to take the risk of not getting buyers, and are willing to put in the time and effort into preparing the house for sale, a house buying company may not be the best choice for you.
Remember to do your research. Find out which option is better for you, and go with it. Try not to be swayed by the opinion of the majority – make your own decision.
Selling Your House? Avoid These Mistakes – http://www.investopedia.com/articles/mortgages-real-estate/08/home-seller-mistakes-selling-house.asp
Real Estate Investing – https://en.wikipedia.org/wiki/Real_estate_investing
Tips For Working As A Real Estate Agent – http://www.investopedia.com/articles/professionals/043013/tips-working-real-estate-agent.asp