More and more homeowners are selling to direct buyers these days.
With the housing market in flux, the average amount of time it takes to sell a home is now 71 days nationwide. People that are dealing with things like foreclosure, divorce, relocation, and major repairs aren't necessarily able to patiently wait out the process.
If you find yourself in a precarious situation and are considering selling to a direct buyer, this post is for you. Today, we're going to give you some pros and cons of selling to a direct buyer. Keep reading and we'll help you understand how this works and whether it's right for your needs.
Pro: They Purchase As-Is
One of the great benefits of selling a home to a direct buyer is that they purchase homes as-is. When your average person is buying a house, part of the negotiation process involves making repairs and renovations, which come out of the seller's pocket.
Direct buyers often have other plans for your home. It could be that they're going to flip the home or renovate it and turn it into a rental. Either way, they're not going to mind if the house needs repairs, even serious ones.
Con: There Are Scammers Out There
A problem that many direct buyers face is mistrust from home sellers. The reputation of cash buyers is often sullied by scammers that try to take advantage of homeowners, like this one in Tampa Bay.
What's important to know, however, is that there are truly reputable companies out there that aim to assist homeowners in alternative situations. At AZ, we've got a 5-star reputation with all of our clients, which you can see on our testimonials page.
Pro: More Money for You
When you sell to a direct buyer, you're foregoing the traditional home selling process, which involves finding a realtor, listing the home, and showing it to interested sellers. Not only is this process time-consuming, but it becomes expensive as well.
You have to pay realtor fees, which are 5% of the sale price. Closing costs are another few thousand dollars and, as we've discussed, you may have to pay for renovations and repairs. With a direct buyer, your cash offer is what you take home at the end of the day.
Con: Offers Aren't Always As High
The real perk of selling to a direct buyer is that it takes the headache out of selling a home. There's a bit of give and take that you have to live with when you go this route.
If you're willing to wait 70 days to sell and deal with all of the logistics, the house could fetch a higher selling price doing things the traditional way. That said, all of our offers are based on the local housing market and the condition of the home. They're fair offers with no strings attached
Is a Direct Buyer Your Best Option?
There are positives and negatives to every home sale. At AZ Home Buyer, we always strive to get you the best possible deal for your home. For us, buying a home doesn't need to be over-complicated, so we make our transaction process fast and easy.
If you want to sell your home quickly, fill out our online form today. We'll get a bit more information about your home and schedule a walkthrough, then send you a cash offer. Should you accept, we'll take care of the paperwork so that, when you're ready, you drop off the keys, sign the documents, and collect your cash.