There are a lot of things to consider when placing your home for sale. How long will your home be on the market waiting for a qualified buyer? What shape is my home in currently, and how much will be needed for repairs costs? Will the buyer find something wrong with the house after closing and potentially sue? Can I afford the commission if I deal with a Realtor? Call us at (775) 391-5236 to find out additional questions to ask yourself before deciding to sell.
As-Is Purchases
Professional home buyers in the Reno area, such as Envy Property Solutions, LLC, will usually purchase your home as-is. As a seller, this means you do not have to worry about making any costly repairs or clean up before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.
Easy Closings
Professional home buyers in the Reno area typically close faster than traditional home buyers, most of which can take 45 – 60 days or sometimes longer. They normally will pay for the transaction in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time, apprasials, and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. The usual commission is 3.5% per side, so if you sell your home for $200,000, you would have to pay $14,000 in commissions alone! Most Professional home buyers usually do not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. If you’re an out of state owner, the title company will arrange with you how you’d like to close the tranaction either by snail mail or send out a mobile notory. Which that makes thing much easier on you.
Extended Occupancy
Professional home buyers are in it for the investment. They are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave whatever you don’t want any more, and they will take care of the rest.
Stress-Free Selling
When you decide to use a professional home buyer in the Reno area you will not have to worry about going through a roller coaster of emotions. There are no frustrating, interupting dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. If you have children, you know how hard this can be to keep your home clean. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Less Risk
Selling to a professional home buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. If there is anything in the contract or process you don’t understand, the home buyer will get you the answers. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk.