Whether you’re a homeowner or rental property owner, sometimes situations arise that leave you in the position of having or wanting to sell your house fast. You could be facing a divorce, a sudden illness or injury that saddles you with high medical bills, a job loss, the threat of foreclosure or you may have had a death in the family and find yourself suddenly saddled with an inherited property. Or you could be a landlord who has simply grown tired of the many hassles that come with playing the part.
The first thing on your mind should you find yourself in one of these highly stressful situations is most likely how you should go about trying to sell your house. Do you choose the familiar, more traditional way of selling your home with the help of a real estate agent, or do you think outside of the box and go for a different solution? Here are three huge benefits to going with that different solution by deciding to work with a we buy houses company. Let’s further explore each.
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Selling to a Real Estate Investor is Fast
You’ve heard the saying ‘time is money’, right? Well, you’re in a situation where you don’t have the time and you need the money. According to a recent report by Value Penguin by Lending Tree, the average time to close on a home purchase, for any loan type, is 47 days. That sounds like an enormous amount of time because, quite frankly, it is. If you need to sell your house fast, then working with a we buy houses company is probably a better option for you, as many of their transactions take a week or less. Here’s how they do it:
- They pay with cash which means no dealing with the bank as well as avoidance of the loan application process.
- They typically buy the property in as-is condition. What this means for you is no waiting on inspections and appraisals.
No More Worrying About Keeping up Appearances
One of the most annoying things about selling your property with a real estate agent is getting and keeping the inside and outside (think curb appeal!) ready for the next showing. Constantly having to worry about this chore is not only tedious but it is also quite tiring. Who knows how long you’ll have to keep up this routine? Selling your house to a real estate investor will allow you to ditch the need to keep your house in show-ready shape because as mentioned earlier they typically buy houses in as-is condition.
Make Expensive Repairs a Thing of the Past
As a home ages, the likelihood of an expensive repair like a HVAC system, plumbing, foundation or roof repair increases. This is especially true if you have not been able to provide the regular preventative maintenance necessary to keep your house in top condition. Or if you’re a landlord you may have unfortunately rented to tenants who decided that trashing your investment seemed like a fun idea to try. If you can’t or don’t want to deal with the reality of needing expensive home repairs then working with a we buy houses company can be the answer because again they will usually buy a house in as-is condition and handle any needed repairs.
Sure, you might wind up with more money in your pocket at closing by using a real estate agent, but are a few extra bucks worth all the hassle and expense? Probably not. Remember, you need to sell your house fast. Talk to a real estate investor today.