Getting prepared to sell your house and move can be an intensive, strenuous process. Unfortunately, for people who are facing a home sale unexpectedly, the process can seem impossible. Fortunately, there are still options for you. Some companies are able to offer certain homeowners cash on the spot in the purchase of a home in as-is condition.
There are many situations in life that make the sale of your home a necessity, and you now have options to sell your home quickly, for a fair price, without the hassle of cleaning, staging and home repairs. Included here are a few reasons and benefits to selling your home “as-is.”
The average home sale, if everything goes according to plan, will take roughly 30-60 days to close. This time period can be extended if the buyer has a problem with loan qualification, inspections or decides to contest the state of the home. Some buyers will ask that the roof be replaced, or the price dropped before moving in. All of these repairs and edits being made to the contract can eat up your time.
One of the benefits in selling to a company that buys “as-is” is that you can avoid all of the hassle of contract agreements with a home buyer. Most companies are able to close out your sale in 7-10 days and allow you to move on with your life. Many will even allow you to leave any unwanted furniture, garbage or mess on the property for them to clean up.
Avoid Closing Costs
When working with a realtor or doing a “for sale by owner,” you will face an exorbitant 6% closing cost commission on the sale of your house. 6% is a sizable chunk of cash and can greatly damage your take-home amount from the home sale. In working with a company, they will take care of all closing costs themselves, and you will receive the full amount of the home purchase.
No Repairs or Inspections
As any good home buyer knows, it is crucial to get an inspection on your house before you make the purchase. Failing to get an inspection could result in expensive home repairs within your first few years in the home. While inspections benefit home buyers, they can prove to be a great inconvenience to the seller.
Imagine if you are still trying to live in your home, when a variety of home inspectors are tromping through? And if they find issues in the house, you have to deal with them or drop your price in order to sell, creating more paperwork and hassle. By dealing with a home buying company, they are prepared for all of the issues your home may present, and do not bother with home inspections before purchasing.