At the start of the year, housing experts were convinced that 2020 was going to be a healthy year for the real estate market. New buyers were expected to be entering the market and interest rates were predicted to remain low. Now that the year is halfway through, the Coronavirus landscape has changed all of that. Sellers and buyers are both more nervous about transactions than just a few months ago. Now selling to a buying company looks pretty enticing.
However, homeowners with limited experience with a buying company are unsure about this option. There are many benefits of selling your home to a buying company. Here are just a few that might make you feel better about the prospect.
One of the most frustrating aspects of selling your home is the time it takes. Once you list your home you never know how long it will take to sell. When you sell to a buying company you can trust your home will sell quickly. Unlike traditional home sales when you have to wait through escrow, buying companies can close fast. One of the top benefits of selling your home to a buying company is that you can practically sell overnight. Many home buying companies offer upfront cash offers that can be in your bank account within 24 hours.
Skip Agent Fees
Paying an agent to sell your home cuts into your profit. When you list a home with an agent you agree to pay them a percentage of the sale. You can sell your home to a buying company without an agent. This means that the profits go straight to you fee-free.
Skip the Fix-It Process
Before selling their home most people spend thousands fixing it up. Between curb appeal, paint jobs, and landscaping it is easy to spend money fixing your home up. When you sell to a home buying company you don’t have to do any of this. One major benefit of selling your home to a buying company is that it doesn’t matter if your home is in perfect shape. You can sell your home as-is and skip the fix-it process.
Avoid a Foreclosure on Your Record
If extra funds are the issue, then a buying company can help you avoid foreclosure. If you are behind on payments may need to get out from under a stifling mortgage payment. Before the bank forecloses you can sell to a buying company and get cash in hand. This will save your credit record and protect you from the trauma of foreclosure.
No Need to Clean or Stage
Since a buying company doesn’t care about the condition of your home, you don’t have to worry about cleaning. In fact, you don’t have to lift a finger to stage or clean your home. Selling to a buying company truly makes selling your home hasslefree.