There are a lot of things to consider when placing your home for sale. How long will it stay not on the market before you find a qualified buyer? What is the condition of my house? Will the buyer discover something in the house after the sale and sue me? Can I really afford the fees and commissions if I decided to deal with a realtor? Give us a few minutes to find out about these before you decide to sell.
As-Is Purchases
Reputable home buyers in New Jersey will usually purchase homes in whatever condition it is in. What this means to you as a seller is that you do not have to worry about stressful repairs before closing or any other extra expenses you were not planning on. There are some companies that do not require inspections which makes it easy and convenient for you
Easy Closings
Professional home buyers in New Jersey 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! 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. You can also close when you are out of state by using mail-away closings.
Extended Occupancy
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 very helpful, especially for someone who needs a fast closing timeframe. You also do not have to clean the home when you leave. You can just pack your personal items and furniture you want to keep and leave the rest to us
Stress-Free Selling
When you decide to use a professional home buyer in New Jersey, you will not have to worry about going through a roller coaster of emotions. There are no frustrating phone calls when you are in the middle of something just to ask if you are available for visitation. You don’t have to clean the house for repetitive showings. You don’t have to worry about answering queries from random people – questions that you really shouldn’t answer anyway.
Less Risk
Selling to a professional home buyer is extremely straight forward. They will layout 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 traditional contracts, there is a potential for the buyer to sue you if they thought they didn’t get all of the information that they need, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk.
