We Buy Houses Omaha and have done for many years so we would like to share some of the pros and cons with you. When looking to sell a house, you will have several options including listing with a real estate agent, FSBO (For Sale By Owner), and selling to we buy houses companies. Given the condition of the housing market nowadays, more and more people are gravitating towards the last option, and for good reasons. However, as with any form of selling a house, it comes with its fair share of downsides.
In this read, we are going to look at reasons to consider we buy houses Omaha companies and also why you may want to reconsider. By weighing the pros and cons, you should be able to make an informed decision.
We Buy Houses Omaha- The Pros
1. Save Time
Selling a home on your own or with the help of a real estate agent can take weeks to get a potential buyer and months to sell, which is not always guaranteed as the buyer might change their mind at the last minute. If you are looking to relocate due to divorce, work, or marital issues, it’s instantly obvious that these options are not so practical.
With a we buy houses company, however, you don’t have to worry about time. That’s because we close property deals in as little as 7 days. You won’t have to deal with numerous parties just to sell the house.
With a we buy houses company, there’s no need to spend time and money on a traditional property listing which calls for spruce-ups, photos, and lengthy discussions with a real estate agent about its condition.
In fact, you do not have to deal with a real estate agent at all. This means no agent fees or commissions, negotiations over aspects like price, repairs, inspections, etc. When you do business with a we buy houses Omaha company, the selling process will be smooth sailing.
3. Sell in Any Condition
Without any shadow of a doubt, selling your house regardless of its condition is one of the best things about we buy houses companies. When you are looking to sell your house fast and with no hassle, the last thing you want is to deal with repairs and clean-ups. We buy houses in as-is condition, a deal that’s perfect when you’re looking to relocate as soon as possible or get rid of inherited property.
4. The Sale Won’t Fall Through
Going back to the simplicity and time point, selling via the traditional means does not guarantee the sale. The average buyer has to take a loan, which calls for inspections, repairs, appraisals, etc. And even if the buyer is approved for a mortgage, they might change their mind at the very last minute. This results in a waste of time and money, not to mention dealing with the stress of the need to sell fast.
With a we buy houses company, you can be certain that the sale won’t fall through. We buy houses in cash and are willing to close the deal in as little as one week.
We Buy Houses Omaha- The Cons
As with everything in this world, selling property to we buy houses Omaha companies comes with several downsides. Some of the noteworthy ones include:
The biggest downside to selling your home to a we buy houses Omaha company is that you can only expect a 75% maximum of the property’s actual value. This reduction in the price offer can be attributed to two things:
Firstly, you do not have a listing agent to handle the sale. This means an industry professional cannot help you sell the house at a fair price. Secondly, you will be paying for the convenience of an easy and quick sale.
2. Nobody is Working on Your Behalf
Also, the fact that you are operating without a real estate agent means there is no one with industry experience to advocate for you. Contracts in the housing market can be complex and so, when working with a we buy houses Omaha company, there are things you need to learn and work out on your own.
Every house-buying firm has one goal in mind- purchase cheap, flip fast and sell at a profit. This means if you are not careful, you might end up in a scam or a bad business deal.
We Buy Houses Companies- Consider or Avoid?
Choosing to sell to a house buying company all boils down to a few factors. How fast do you need to sell? What is the condition of your home? What risks are you willing to take?
If you choose the we buy houses route, it is advisable to consult an appraiser or realtor about the value of your property. Also, it’s wise to consider hiring a lawyer to review any contracts you might be asked to sign.
With the pros and cons, you should be in a position to make an informed decision.