Selling my home with a Realtor Or A Private Home Buyer
We get asked this question all the time—selling my home with a realtor or with a private home buyer. It’s a good question and we are here to answer this question with what we believe to be the best answer for the homeowner.
Selling your home privately completely eliminates the hassle of traditional sales. Traditional sales using a realtor or real estate agent takes a lot of time, back and forth, open houses, walkthroughs, high commissions and fees. In fact, according to this recently written article, there are 12 suggested steps that you must undergo to sell your house with a realtor. To us, that is a lot of steps, not to mention stress, to take on simply to sell your home.
Reasons to Sell Your Home To A Private Buyer
Private home buyers, like us, take the property exactly as-is. What does that actually mean? It means you do not need to worry about completing any home renovations, repairs, or upgrades. We’ll buy your house in any condition. Yes, any condition.
Just last week, we bought a home with a major hole in the roof. Shingles were gone, the framing was rotted and the hole was about 5 feet in circumference. We bought the house in under 14 days saving the homeowner major dollars in repairs.
With us, you can leave items you don’t want behind thus saving you the time and money you’d have to take on to sell your house.
We Buy Houses For Cash
We are private cash house buyers. But that doesn’t mean we bring a physical bag of cash when we buy your house. We say we “pay cash” because we do not use ‘typical’ financing methods. This is how we are able to buy houses at a rapid pace. We bring private capital to purchase homes, which allows us to offer quick closings with a FIRM and FAIR offer.
Not to mention GUARANTEED closing. This is why “homes for sale by owner” like working with us.The process works much smoother. No appraisal process, no worries of the inspector finding thousands of dollars of much needed repairs, and no bank saying no!
Some people end up inheriting a home but don’t have the means to pay for it, or the time for up-keep and maintenance. Most of these homes haven’t been updated in years, which means they probably need a lot of work to get them up to market value. Big renovations like this can take 6 + months of time and management, and usually well over $100,000 of updates.
The simplest, fastest, and (usually) most profitable way to get out of an inherited property is to sell your home to a private home buyer. As a private home buyer, we have the ability to buy exactly as-is, in whatever era the house was left in—making selling privately the right choice and easiest choice.
Something to Consider When Selling Your Home
With a home in need of renovations, selling on the market can sound really nice, but will have its own set of issues. Buyers will flock to your listing with their dreams of HGTV style renovations & timelines. They will come in strong with bids and you will be overwhelmed with buyers…
This all sounds great, but there is another side of this that no one tells you about. THE Bank! Did you know that 99.9% of ‘traditional’ buyers will need the bank to come in with a home appraisal that matches the offer they have given you? They will also require a home inspection to complete the purchase. All of these could be the demise of your on-market sale.
We’ve seen deals need re-negotiation after the inspector has pointed out that the house is $50,000 under the value that you just paid. The buyer could then come back on you to renegotiate that price, or back out altogether.
Private buyers use private funds to buy your property. What does this mean? No appraisals, no inspections - simply just the price you’ve agreed upon and closed is guaranteed! With a firm offer from a private home buyer you can literally take the money to the bank - you receive the agreed upon amount with no commissions and no fees.
Many realtors will tell you what you want to hear to get your business. This is not true of all realtors, but there are some out there that will do anything to get your business. They will get you under contract, list your home at a price that may be unrealistic, and when you don't get what they promised they will come back and say things like, “The market lets you know the price”, followed by “Let’s do a price reduction”.
If it had been priced correctly from the start, the house should have had no problem selling as there is plenty of data available to price a house accurately.
Private buyers give you a fair and realistic value and convenience that the market will not offer. Private sales are not necessarily right for all sellers, but can definitely be beneficial for many
In Conclusion
Private home buyers have their benefits and so do realtors. As private home buyers, we will buy any house in any condition as they are. That is what we do. As real estate investors, we’re looking for run down properties that we can rehabilitate or turn into an income property. Realtors are looking for listings and sales. We are looking to help you or someone you know get out of tough situations or to simply sell your home fast.
