When a life event drives you to sell your home quickly, you should ideally find a buyer with cash. Paying with cash frees the homeowner from any restrictions that credit cards, checks or other forms of payment might impose. Not all who promote themselves as “cash buyers” have the resources and experience of professional home buyers. Individuals looking to enter the market as a side project cannot guarantee the same level of commitment as professional home buyers. Atlantic Shores Home Buyers is dedicated to ensuring that you receive a reasonable offer in a short window of time– no strings attached. Read on to learn how a professional home buyer can be an easy solution for selling your home.
1. Get a More Reasonable Offer
When all’s said and done, a professional home buyer will always offer a higher price than an inexperienced cash buyer.
The price paid by a professional home buyer may initially seem low. In the long run, however, it is ultimately beneficial. When you sell your home to a professional home buyer, there are no real estate fees, appraisal costs, or inspection report costs. Costs like these generally account for about 8-15% of the transaction. Instead, the seller is entitled to the total amount proposed by the professional home buyer. This makes for a much less confusing and more direct process.
Unprofessional cash buyers, on the other hand, cannot offer the same luxury without any drawbacks. In many cases, they offer a lower price, to account for seller negotiation and other errors. This process can be taxing for the seller, with several phases of negotiation.
2. Professional Home Buyers Give As-Is Offers
Professional home buyers understand the frenzied pace of home sellers who are vacating their homes. Organizing belongings, cleaning and making other living accommodations is extremely time-consuming. In these conditions, we understand that it’s impossible to make repairs and home improvements dictated by the buyer. If your home has deteriorated paint, flooding damage, or a termite-ridden frame, then professional home buyers will still make the offer as-is.
Professional home buyers can afford this luxury because of their existing relationships with insurance companies. These relationships allow them to repair the home with minimal costs.
Unprofessional cash buyers, however, cannot afford this luxury. Instead, they are forced to account for damage within the home by increasing the asking price. An as-is offer gives sellers the freedom they need to move on with their lives.
3. Escrow Fees
Like any other industry, extensive experience leads to establishing the right contacts. This principle applies to home buying, too.
Escrow fees are one of the many costs associated with closing the sale of a house, and are used when the home sale is contingent upon certain factors. In this case, the buyer would deposit the amount into an escrow account held by a designated third party. This would indicate to the seller that the buyer is fully capable of and genuinely interested in purchasing the home. Then, when the conditions have been fulfilled, the third party would pass along the money to the seller. This service does, however, require a hefty fee.
For professional home buyers, there are almost never any escrow fees. This is because their valuable connections prevent the need for such fees.
Cash buyers, on the other hand, will almost always have escrow fees.
4. Cash Buying is Quicker
For cash buyers who attempting to familiarize themselves with the home buying industry, finalizing the price can be difficult. There are many variables to consider when assessing the value of a home — the foundation, the state of the bedrooms and bathrooms, appliances, and more. This process might be overwhelming for those who are new to the industry.
Professional home buyers, however, are experienced in weighing these factors in a short period of time. With a well-staffed and qualified team, Atlantic Shores Home Buyers can help you sell your home for cash on the same day of the site inspection.
5. Skip Out on Hidden Fees
One of the biggest disadvantages of selling your home via a professional realtor is the myriad additional costs. The veiled cost of real estate agent commission, for example, can be a source of great stress for many people. These hidden fees charged by the real estate agent impact the total amount of money you will earn.
When you sell your home to a professional home buyer like Atlantic Shores Home Buyers, we can guarantee that there will be no hidden or unstated costs.
6. Reputation
Cash buyers have no established track record proving their capabilities. At Atlantic Shores Home Buyers, we have proven time and again that we are adept in purchasing homes in a timely manner. Contact us for more information about how you can sell your home promptly and with ease.