Many homeowners in and around Reno, NV have sold their homes to professional home buying companies and if you are needing to sell your house fast, this article may be just what you’re looking for. But wait, you may be wondering, “why not just list it with a real estate agent?” Even though that’s what we have been taught to do growing up, selling your house with the help of a realtor isn’t the only option. In fact, selling your house to a professional home-buying company is faster than using a realtor. So, If you ever wondered, “Could I sell my home for cash?” The answer is Yes. Let’s jump in and explore the seven reasons to sell your house for cash in Reno, NV
Reason #1: You are not responsible for making any repairs
Yes, you read that correctly. You don’t have to make any repairs. When you get cash for houses in Reno or the surrounding areas, you do not have to pay to make repairs, or even have to do them yourself. The home buyer will make an offer for your house in its present as-is condition and then they will make any repairs that are needed after they buy your house.
Generally, these companies will hire contractors to do the work at discounted rates due to the large amount of work they need to be done. If you go through a lender, they will require numerous repairs to get the house to meet their requirements and lending criteria. You are not out any money for paying for expensive repairs when you sell your house for cash to a home buying company in the Reno area.
Reason #2: The closing will happen very fast
When you got through a real estate agent, or even if you try to sell a house yourself, the closing can drag on for weeks, months or what feels like forever. That is because when using a Realtor, the buyer has to jump through all the lender’s hoops, get the property appraised, do any requested repairs, and possibly having numerous inspections. If you want to sell fast, you will likely also have to stage the house and be available for showing it to potential buyers. These all take time and add to your stress. Cash buyers do not need all of those things. This saves a lot of time when it comes to getting the house through the process of selling your house for cash.
Reason #3: You don’t have to deal with calls from ads
Selling a house through Craigslist, a newspaper ad or online real estate sites like Zillow or Redfin can be less expensive than an agent. But it can take a lot of your time fielding all the calls. Plus, you’ll have to set up appointments for people to see your house without knowing who they are for sure or whether they have the financial ability to buy your house. This process can consume a lot of your time answering calls and showing your house to potential buyers. Ads can also attract a lot of people who are not qualified buyers who can end up wasting a lot of your time for nothing. It’s not uncommon to have someone make an offer and wait until the week of the closing to inform you they were unable to get a loan to buy the house…which sets you back when trying to sell your house for cash.
Reason #4: You can save realtor fees
Selling through an agent might seem easier, but you will end up paying for it one way or another. Not only will you be out of pocket for repairs and inspections, but most of the time you’ll be charged a hefty fee for them to sell your house for you. Generally, real estate agents charge a 3% commission and as the seller, you will have to pay the buyer’s agent commission as well. Let’s say you sell your house for $360,000, you’ll pay $21,600 in commissions, and that’s not including any of the closing costs that you will have to pay. When you sell your house for cash to a professional home buying company, you won’t have to worry about the fees or commissions, because most investors will cover the closing and escrow fees.
Reason #5: You can close in just a few days
Selling your house for cash can mean you can close in a matter of days rather than months. In some circumstances, if it’s necessary, it can be a done deal in just a week. The reason why the closing can happen so fast is you don’t have to wait on all the loan processes or waiting for someone to qualify for a loan. Many times a potential buyer has trouble qualifying and can tie you up for long periods of time and still not qualify. This can delay closing by weeks at best. By selling your house for cash, you skip this process and close quickly with your money in hand. You can sell your house for cash to avoid foreclosure and extra fees if you have been missing payments. It can also help you avoid past-due taxes.
Reason #6: Avoid contact from the buyer after the house has sold.
This one isn’t thought of often. When you sell a house through any of the traditional means, there are times when the buyer might contact you after the closing due to a problem of some kind that arises with the house. Maybe they found something that needed to be repaired or had a question of some sort. When you sell your house to a professional home buying company such as Envy Property Solutions, LLC, you won’t have to worry about the buyer coming back to you for anything, because they know the risks and are ok with assuming that risk. This removes all the liability from you and you won’t have to worry about anything that might come up.
Reason #7: Sell in stealth mode
You can sell your house fast before anyone even finds out it was up for sale. Sometimes people don’t like to be put in a position to have to answer questions from nosey neighbors, friends or family members when they sell their house. When you sell to a cash buyer, you do not have to advertise or inform anyone about your intentions. And the best part, they won’t know you sold your house for cash until you are moving out. That might just be the peace of mind you need.
For many home sellers in Reno that need a solution fast, working with a direct buyer is the way to go. The MLS is unpredictable and it can be months before the house finally closes. When you work with Envy Property Solutions, LLC, you’ll be able to receive your proceeds in only a few short days!