Most people know what a realtor is and have pre-determined ideas or have experiences about what they do for you, as a seller. On the other hand, some sellers might not know what to expect when working with a professional home buyer in San Antonio, Texas. Sellers can expect a professional homebuyer to provide simple, stress-free transactions. They should have a team of professionals that they typically work with and know the ins and outs of your transaction.
Straightforward Closings
Professional home buyers in San Antonio, Texas typically close faster than traditional home buyers, and usually in pay full in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time 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% per side, so if you sell your home for $200,000, you would have to pay $12,000 in commissions alone! This does not include all the additional closing costs that you will still have to pay with a traditional sale.
Professional home buyers also may 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. They also provide mail-away and at-home closings which is a wonderful thing for out-of-state owners or those who have trouble traveling.
Selling Your Home As-Is
Professional home buyers in Texas will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Legitimate home buying companies do not require inspections or appraisals which makes it a truly as-is transaction.
Not all home buying companies are the same. You should do your research and find someone with great reviews, years of experience, and not someone new who is posing as a professional home buyer.
Lower Risk
Selling to a professional home buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. 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, they are buying the property as-is, and they are willing to take on that risk.
You also lower the risk of your buyer backing out. Traditional homebuyers back out all the time… A professional home buyer is not going to get cold feet or have trouble with their financing or just plain change their mind and leave you hanging in the end. Again, this is why if you are going to choose a home buying company, do your research and choose a quality home buyer to work with.
Skip The Showings
When you decide to use a professional home buyer in San Antonio, Texas, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-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. 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 the price, the repairs that need to be done, over which furniture you are taking, or any of the other frustrating things that can come along with a traditional sale.
Moving Out
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 the personal items and furniture you want to keep and leave the rest.