If you are torn between selling your house through a real estate agent or to a house buying company, you should be familiar with the advantages and disadvantages of both methods. While people mostly know what dealing with real estate agents entails, the majority of them are not quite familiar with house buying companies and their practices. For this reason, we will talk about them in greater detail and why you should consider doing business with them.
Needs and requirements
The choice between real estate agents and house buying companies should be solely dependent on your needs and requirements. If you have a house in perfect shape and if you are not pressed for money, you should probably go with an agent. However, if you are hard pressed for cash, or if you do not have the time or money to properly promote your house, dealing with a house buying company.
Remember, time is money
If you want to sell your house as quickly as possible, within a day or two, there are many benefits to doing business with a house buying company. Since it is more than obvious that your time is extremely valuable to you, just keep in mind the most important benefit of selling your house to a house buying company, and that is that it will most certainly buy it, usually within 24 hours.
All of us have heard countless of times that time is money. And in the real estate world, this could not be any truer. Even if you do not calculate the value of your personal time that is required to promote and sell your house, simply owning a house can be quite expensive. The utilities, taxes, insurance, maintenance, and repairs can easily eat thousands upon thousands of your hard earned dollars, over the period of months, which is usually how much it takes to conventionally sell a house. By dealing with a house buying company, you will save your precious time and make sure all those dollars stay in your pocket.
The frustrations of promoting and selling a house
In addition to making a fast sale, another benefit of doing business with a house buying company is that you will avoid all the frustrations that go along with promoting and selling a house.
When selling your house in a conventional manner, you will need to take care of some tasks. Some of the most important ones include staging your house, doing all kinds of repairs, keeping it in show-ready condition and more. You will also have to leave your house on short notice while it is being shown, deal with extensive real estate contracts, deal with window shoppers, picky buyers, as well as rowdy neighbors. With a house buying company, none of this will bother you.
Cash or no cash
Here, you have a seemingly simple choice. If you are short on money, would you rather have a $300.000 house or $300.000 in cash, or in the bank? It is highly likely that you would prefer the second option. Keep in mind that selling your house through a real estate agent will probably leave you with no more than $280.000. And that does not include any repair and maintenance jobs. Take into consideration the cost negotiations and the closing costs, and you will probably sell the house for no more than $260.000. With a house buying company, you will get your house’s worth, quickly and easily.