You always have the option of selling your home as-is, but it can make the selling process more difficult. Normally, buyers are unwilling to make an offer on a home that requires an extensive amount of repair work. However, if you cannot afford to make these repairs on your home, selling to a home buying company could be the perfect solution.
What is a Homebuying Company?
In recent years, the trend of “flipping” homes has become more popular than ever. There are dozens of television shows on popular networks in which people do this very thing. If you’re familiar with the practice, you already know the basics of how a home buying company works. These companies are run by people who are passionate about real estate and making your local community more beautiful and vibrant. Companies like this purchase homes like yours in order to renovate and resell them or convert them into rental properties. Because they renovate each house after purchasing, home buying companies never require you to make any repairs before selling your home. Selling your house as-is to a home buying company could end up saving you thousands of dollars.
Save Money in Other Ways
Home Buying companies help homeowners save money on the entire selling process, not just repairs. When you sell your home to one of these companies, you are essentially working directly with the buyer throughout the whole process. This saves you from needing a real estate agent to be the middleman between the two parties. Instead, you can save the thousands of dollars they would have taken as commission for yourself. Home Buying companies also cover all closing costs themselves. When you sell your home to a home buying company for cash, you never have to pay any sort of fee or commission whatsoever. Every cost is taken care of by the company.
If your home needs repairs, it can drag out the selling process and push back the closing of the sale as well. If you’re in a rush to sell your home, or can’t afford to continue paying your mortgage, this can make the selling process that much more stressful. Once again, home buying companies take active measures to alleviate this stress and make the process more simple. Much of the selling process is streamlined when you sell your home for cash, and the sale can close much more quickly. When you sell to a home buying company, the process is guaranteed to take no longer than 30 days from start to finish. However, many homeowners find that they can sell their homes in as little as a week.
Normally, selling your home without making repairs makes the process much more difficult. You have to invest thousands of extra dollars into repairing a home you’ll no longer own, and extend the timeline of the sale. Make things easier for yourself by selling your home to a home buying company for cash.
Have a house in need of repair in the Spokane area? The Easy Home Buyer can give you a fast cash offer for your home as-is. Click here to get started!