When selling your house it is important to consider all of your options. Is it best to list your house with an agent or sell to a cash buyer? Both area great options for a seller and the answer most likely depends on the condition of your property and what you are trying to get out of the selling process.
If you decide to sell to a cash home buyer, how do you choose the right one? After all, it seems like a dozen “We Buy Houses” companies pop up overnight. So how do you choose?
There are many advantages of selling your house to a companies that buys houses. Selling your house on the market with a real estate agent may be great for homeowners who are looking to receive maximum dollar for their homes and do not mind the longer selling process. Typically these properties are in top notch condition where finding a buyer is easy. That being said, there are some real big advantages of using a “we buy houses” company.
We Buy Houses Companies Pay Cash For Fast Sales
Companies that pay cash for houses can often times expedite the selling process. Many companies that buy houses will pay cash for your property. This allows them to close on the property much faster than someone who was using a bank to finance the purchase. Most companies advertise “cash in as little as 7 days”. Paying cash and eliminating the reliance of bank financing also helps prevent any financing contingencies that are common when dealing with selling your house on the market.
Avoid Paying Realtor Fees or Commissions
Selling your house directly to a company that buys houses can eliminate the need to pay commissions or realtor fees because typically no real estate agent is involved in the selling process. Real estate agent fees and commissions are negotiable and often times will be split between the buyer and seller. Typically a real estate commission will be 6% of the sale price. Selling your house to a company that purchases houses will usually save you whatever portion of the commission you would be responsible for.
Avoid Making Repairs and Sell Your House “As-Is”
One of the biggest advantages of selling your house to a company that buys houses is often times you will not be required to make any repairs to the property before selling. When selling your house the traditional way on the market, the buy will usually complete a home inspection. Depending on what the inspection finds, they buyer then has the option of requiring the seller to fix certain issues with the home. Selling your house direction to a cash for homes company will usually save you from having to make repairs as most purchase property in an as-is condition.
Companies That Buy Houses Offer Easier Sales Process
Selling your house with a real estate agent on the market often times will require multiple showings. If you live in the property, you will need to arrange times when the home will be available for showings, requiring you to leave your house during that time. Depending on the amount of interest in your house, you may have to do this dozens of times. Typically when selling directly to a company that buys houses there will only be the initial appointment, which you will be present for. The showing process can be simplified in a big way.
As we stated earlier, they are an abundance of people out there claiming to pay cash for houses. You have probably seen the yellow signs that say “we buy houses” on every street corner. There is no doubt that selling your house for cash is becoming more and more popular. So how do you know who to trust and how do you determine which company is legit? The answer to that is easy….
Read the Company’s Reviews
Nothing is more telling of a company’s reputation than their customer reviews. This is no different than if you were looking for the best company to come service your air condition. Google search the company name and read their reviews. Are they good? How many do they have? Make sure you read through the reviews and get a feel for if they are genuine and real.
Check Out The Company’s Website
This is one area that typically will give you a fairly good idea if the company is legit or not. Building a good looking, credible website takes time and money. If the company is legit, they have a website. Browse around and check sections of the website such as the “about us” or “our company” pages. Are there photos of real people with biographies that accompany them? Does the website feel spammy? Another thing to consider is if the company is local or not.
Does the Company Have Social Media?
Similar to the idea that building a credible website costs time and money, social media can also give you a fairly good idea on if the cash for houses company is legit or not. Although social media accounts are free, they do take effort and time to build. Are there active posts from the company? Do they have photos of houses they have purchased in the past? If the page looks spammy, that’s a red flag. Also, how many likes and followers do they have? All these are good things to consider when looking at the social media accounts of a company that buys houses.
– Never pay for a cash offer on your house. These should ALWAYS be free.
– Never provide any form of payment or personal documents directly to the company or representative.
– Never “take their word for it”. Always get everything in writing and always sign a contract when doing business.
– Never assume anything with the representative or person you are dealing with. Always read through their contract, even if it looks professional.
We hope you enjoyed our article and found it helpful in helping you choose the right company to sell your house to. If you are in the Omaha market, we would love the opportunity to help you through the process. We would never expect you to work with just anyone, as laid out in this article. We strongly encourage you to look around and check out all of your options. We also strongly encourage you to check out our website, including our “about us” page and “our company” page. We are real people, with rave reviews from our past clients.
Need To Sell Your House in Omaha? (402) 226-8963
We are also available 24 hours a day, 7 days a week to answer any and all of your questions or concerns. You can contact us any time and we will be happy to assist in any way that we can. If you need to sell your house fast or are looking for a legit, trustworthy company that buys houses in Omaha, Nebraska, don’t take our word for it…..Check out our reviews for yourself!