Many people know what a realtor or real estate agent is and have pre-determined ideas or have experiences about what an agent can do for you, when it comes to selling your property. However, most sellers may not know what to expect when dealing or working with with a cash home buyer in Winston Salem , NC. Sellers can and should expect a cash homebuyer to provide simple, straightforward approach, with stress-free transactions.
Cash or what some would call professional home buyers in Winston Salem , NC can typically close on transactions a lot faster than traditional home buyers, and usually they pay in full in cash. Home purchases today often require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. this becomes very time consuming. The seller can save thousands of dollars in savings when no commissions are paid to the buyer’s and seller’s agent. The usual agent’s commission is 3% per side, so if you sell your home for $300,000, you would have to pay the agent $18,000 from your proceeds at closing! Cash 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. Seller’s may also choose to close from a distance. In this case the title company/closing attorney may provide you (seller) the option to notarize and overnight your closing documents back instead of having to drive to the attorney’s office. These are mail-away closings which is a wonderful thing for out of state owners.
Purchasing Homes As-Is
Cash or professional buyers in NC will typically purchase homes in as-is condition. this makes it easier on the seller because it alleviates the headache of back and forth negotiating with the traditional buyer and bank about who will fix what. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections or appraisals which makes it a truly as-is transaction. Smooth selling (sailing).
Lower Risk Transactions
It is easy selling to a cash or professional home buyer today. This approach (buying with cash) has become very popular due to recent interest rate hikes and the public’s desire to save their hard earned money and then buy with cash rather than use a bank and pay high interest rates over a protracted time period. The cash buyer will lay out 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 (the seller) 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 most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Cash buyers or professional home buyers already know the state of the property, and they are willing to take on that risk.
When you decide to use a cash buyer or professional home buyer in Winston Salem , NC, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Move Out Time
Professional home buyers are in it for the investment and this may also be a property they may want to move his/her family into. If the later is the case, 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 referred to as a post move-out. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest. It is often up to you, the seller.