Selling your home is stressful. The last thing you want to worry about is the amount of money that you will take home at the end of the process, or the speed of sale. Selling your home to a professional home buyer is an option that you have available to you. This process can lead to you taking home more money than if you tried to sell your home on the open market, and to selling your home fast.
Most of us by now have seen signs advertising “We buy houses cash!” or “Sell a house fast!” around town. You’ve probably wondered if these are scams. While we can’t confirm all of them to be legitimate, we did want to be sure that you know that most of them are most assuredly legitimate. These professionals specialize in buying homes, flipping them for profit or renting them out to other people. This means that they will offer you cash for your home in order to help you sell a house fast.
One of the bonuses to selling this way is that you can sell the home without paying the usual commissions associated with the traditional sales process. When you sell your home on the open market with a real estate agent, you face commissions and fees that you will pay out of the final sales price. Generally, this is around 6% of the final sales price. This can mean that you will have this much less when you finally sell the home.
Another consideration is potential upgrades or repairs that are needed on the home. Repairs can be extensive and expensive. You may not have enough time or money to tackle some more extensive repairs that may be needed on the home. This is where a home buyer can help. They take the current condition of the home into account when they make an offer on the home. They work with you to make sure that you receive the best value for the home. If you had tried to sell a home needing a major update or repair then you would risk losing the sale or much more of the price to entice a buyer to make you an offer. This can also make it so that you miss out on certain kinds of financing that can be accepted on the home. It is easier to simply sell the home to a home buyer.
Another thing you can avoid by selling your home to a home buyer is closing costs. Traditional sales of a home entail closing costs that you will pay from the final price the home sells for that are usually around 2%. This is less money that you will keep and another cost you can choose to avoid by choosing to work with a home buyer. Closing costs entail things like title search, transfer tax, and title insurance. A home buyer will cover these costs for you so you don’t have to worry about anything when you agree to sell the home.
If you’re local to Sioux Falls and need to sell a house fast, give Solid Rock Properties a call! We’ve helped tons of homeowners by buying their homes outright, and we’re ready to help you too!