Most people understand the basics of working with a real estate agent and the benefits of working with them to sell your house. On the other hand, some sellers might not know what to expect when working with a professional home buyer in Louisville, KY, like FairSquare House Buyers. Sellers can expect a professional homebuyer to provide simple, stress-free transactions. Here are some pros and cons of selling your house to a direct buyer in Louisville.
The Pros and Cons Of Selling Your House To A Direct Buyer in Louisville
Pro – Straightforward Closings
Direct buyers in Louisville, KY typically close faster than traditional home buyers, and usually pay full in cash. At FairSquare House Buyers, we can often close in as little as 7 days! Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. Direct 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. At FairSquare House Buyers, there are NO FEES OR COMMISSIONS AND WE WILL COVER ALL CLOSING COSTS!
Con – Below Market Offers
One of the biggest complaints buyers have about working with direct buyers in Louisville is that the offers are usually below market, but this is for a good reason! The buyer is taking on a huge risk by purchasing your house “as-is”. This means you do not need to worry about making any repairs or updates. This will save you time, money and a lot of headaches. Also, it is important to remember that you won’t spend any money on commissions or holding costs.
Pro – Purchasing Homes “As-Is”
Direct buyers in KY will usually purchase homes “as-is”. FairSquare House Buyers will purchase your home “as-is”! Check out this article on how we purchase homes “as-is”. 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 which makes it a truly as-is transaction.
Pro – Lower Risk Transactions
Selling to a professional home buyer is extremely straight forward. They will layout 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 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. Direct buyers already know the state of the property, and they are willing to take on that risk.
Pro – No Showings
When you decide to use a professional home buyer in Louisville, KY, 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.
Pro – Move Out Time
Direct buyers are in it for the investment. 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 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.
Give us a call or send us a message to learn more about selling your house to a direct buyer in Louisville! 502-417-7467