Are you looking to sell your house for cash quickly? Working with a professional home buyer may be a great option for you. Professional home buyers can write cash offers for homes often within one day or less with better terms than traditional buyers can offer.
This article discusses why you should work with a professional house buyer in Norfolk VA and the pros and cons of doing so.
What is a professional house buyer?
Professional house buyers purchase homes for cash with favorable terms for sellers. Professional home buyers like Capable Home Buyers can write a cash offer for your home regardless of the condition and put money in your pocket fast.
Professional house buyers differ from traditional house buyers because they don’t purchase homes with traditional methods like mortgages or bridge loans. Professional home buyers have enough money to buy your home for cash and close quickly, while the traditional home-buying process can take months or more.
Professional house buyers may offer less for a home than traditional ones since they pay for it with cash. However, professional home buyers often cover many of the fees associated with selling a home. Traditional home buyers require the buyer and seller to pay high closing costs and fees which can delay the process.
Professional house buyer benefits
There are many benefits that you’ll experience from working with professional house buyers as opposed to traditional buyers, including:
- Cash in your pocket. Professional house buyers can make an offer for your home quickly and immediately put cash in your pocket. Homeowners who need to sell their homes on short notice may find that professional house buyers can close on the sale quickly and transfer the funds to their bank account within days.
- Favorable terms. Unlike a traditional home buyer, professional home buyers often buy homes without inspections and don’t require the homeowner to make many costly repairs before selling.
- You’ll save money. Selling your home to a traditional home buyer means you’ll need to pay closing costs and give the standard 3 percent commission to the buyer’s agent and seller’s agent.
Cons of working with professional house buyers
While working with professional home buyers provides plenty of benefits, it’s certainly not right for everyone. Below are some disadvantages sellers experience when working with a professional house buyer.
- You may not get as much for your home. Since professional home buyers often pay in cash, they typically don’t offer as much for your home as traditional buyers who need a mortgage to buy the home. However, high home prices make it possible for sellers to receive strong cash offers from professional house buyers.
- Reduced price to account for home repairs. Since your home may require repairs for the next owner, professional house buyers may factor that into their offer.
Final thoughts
Working with a professional house buyer is one of the best ways to get cash in your pocket for your home without having to make costly repairs or wait for the buyer to qualify for a mortgage. However, selling your home to a professional buyer isn’t right for everyone.
Are you looking to sell your home for cash? Call a professional house buyer like Capable Home Buyers for the best selling experience in the Norfolk VA area.