We Buy Houses Any Condition
- June 25, 2021
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Pros of Selling to a House Flipping Company
1. It’s easy.
Selling a home that needs work can be challenging if you want to get the best possible price. With a house flipping company, you avoid the difficulty of trying to sell for a good price. Instead, you sell to a company that will buy your house for the lowest price it can get away with. In exchange for taking a low price, you can quickly free yourself of the burden of owning the home.
If you are in desperation mode, this is oftentimes your best bet. Selling to a real estate investor can get you out from under a problem very quickly. When selling your house fast is a goal, speaking with a we buy houses company can be a solution. Click Here.
2. You only have to make one decision.
Your only decision when selling to a house flipping company is to sell or not to sell. You won’t have to decide what repairs to make or who you want to sell to. You will get an offer and make a single decision. After that, you are free of the home. Most often a house flipping company will be paying cash and there can be a quick closing if this is what you are after.
3. You don’t have to find a real estate agent.
Finding a good real estate agent can take a little bit of effort. You may have to interview several to find someone you are really comfortable with. You also don’t have to worry about disagreeing with your real estate agent once you hire one, which can happen. You are going solo.
4. You don’t have to waste your time going for sale by owner.
Trying to sell your home as a for sale by owner can be extremely challenging, to say the least. While most owners’ goal is to save on paying a real estate commission, it is a lot of work to accomplish this. For sale by owners need to keep in mind the following:
- You need to have some good marketing skills to make sure your home is found online. This is where the vast majority of buyers will be searching for a home.
- The photography on your home needs to be excellent.
- You must make yourself available for showings, which may mean when it is not convenient.
- The buyer needs to be qualified for a mortgage so it will be your job to make sure this is the case. Make sure you understand the difference between pre-qualified vs. pre-approved.
- There will be nobody there to represent you at vital stages of the home selling process such as the buyer’s home inspection.
When you sell to we buy houses company, all of the headaches associated with selling as a for sale by owner are avoided.
5. You can probably sell no matter what shape your home is in.
A home can deteriorate considerably over a long time period, especially if regular maintenance is not conducted and repairs are not made as necessary to keep all components of the house in good working order.
You may have a home that you want to sell that is virtually uninhabitable. But even in this state, there is probably a company that will still buy it. Not for very much money, but someone will still purchase it just to obtain the lot that the house sits on. Companies like We Buy Ugly Houses and others like them thrive on purchasing fixer-uppers.
Cons of Selling to a House Flipping Company
1. You will probably make less on the sale than you would be working with a Realtor.
When you sell your house to a we buy houses company; you’ll net far less money.
When you hire a real estate agent, he or she is working to make you as much money as possible from your sale. The Realtor takes a percentage of the sale price as financial compensation, so they are motivated to fetch the best price.
If a real estate agent believes that he or she can sell your home, there is a good chance that you can make more than you would if you sell to a house flipping company.
In fact, I will go out on a limb as say you are GUARANTEED to get far more money when you list your home with a real estate agent. Selling to a real estate investor will almost always end up netting you less money!
Again you need to keep in mind that house flipping companies are buying your home for one reason – TO MAKE MONEY! They are not going to pay you anywhere close to the actual fair market value of your home.
2. You don’t have the option of improving the home to improve the selling price.
Even homes that are in relatively bad shape can often be improved to attract better quality buyers. In fact, that is probably what the house flipping company is planning on doing with your home.
They will buy it, fix it up, sell it and make a nice profit. When you sell with a real estate agent, you get to make the improvements and reap the rewards.
An outstanding real estate agent will be able to guide you on the best improvements for increasing home value. If you don’t have the money yourself it could be wise to borrow the money from someone else so that you end up putting the additional profit in YOUR pocket!
You can do things to a home that does not cost a lot of money that many owners don’t realize. Here is a how to make your home more appealing when on a budget.
3. You give up control.
A house flipping company is focused on finding sellers who are desperate or just don’t care anymore. If you do care and are not desperate – you just want to sell the house – there is no reason to work with a company that will rob you of all opportunities to get more from your sale.
Working with your Realtor, you can determine exactly what you need to do to get a good price for the home and often make a lot more money at the end of the day. We buy houses companies will be giving you cash for your house. In return, they will expect a significant discount.
4. You wind up working with a company that does not have your best interests in mind.
House flipping companies are not necessarily bad. They fill a niche and are capable of helping homeowners who have no other options. For those with no options, getting paid to get out from under the home is an opportunity worth taking. But if you think that maybe you could get more for the home, a house flipping company is not the partner you want.
A real estate agent is focused on your best interests. Your satisfaction is extremely important because reputation is everything for a Realtor. Your agent will give you insight into the different options available to you and help you every step of the way as you go through the sales process.
As you can see there are many pros and cons of we buy houses flipping companies. What you really need to be concerned about are the scammers!