The term ‘we buy any house’ sounds so relieving, doesn’t it? Well, it really does!
If you wish to sell your home as soon as possible and have no time to go through the traditional lengthy home selling process, ‘we buy any house’ companies can be your savior!
Due to the swift, hassle-free, and convenient method of selling homes that ‘we buy any house’ services facilitate, the concept has gained great popularity in different housing markets.
So, let’s try digging deeper to understand more about the ‘we buy any house’ companies and how they can help you with a smooth and quick sale.
What Are ‘We Buy Any House’ Companies?
The term ‘we buy any house’ is used for companies that buy houses directly for cash or are in the quick home sale industry. Property is purchased directly from homeowners by these companies.
They provide a simplified and streamlined approach to property sales, unlike the traditional property sales which entail real estate agents and perhaps lengthy, drawn-out procedures.
Their main selling points are convenience and speed. Regardless of a property’s condition, they can make quick offers on it and finish the transaction far faster than they might on the open market.
Purchasing properties, often renovating them, and then reselling or renting them out for a profit is the core of their business model. Even if they make the selling process hassle-free, they usually do so in exchange for paying less than the property’s market value.
Why Would You Deal With A ‘We Buy Any House’ Company?
When selling your home, there are several reasons why a ‘we buy any house’ company can be a better option than a traditional real estate agent, who can usually take months to finalize a deal.
Let’s have a look at how dealing with these companies can benefit you.
1. Speedy Process Of Selling
A quick home sale or cash sale can be finished in as little as two weeks or less, which is especially helpful if you need to sell your property quickly for reasons like financial constraints, shifting, or other urgent reasons. While traditional estate agent sales can take several months to complete.
2. Elimination Of Property Chain
A property chain, as defined by the traditional sales process, is a series of interconnected transactions in which the sale of one property is dependent upon the sale of another.
Because of this, they can be a major cause of stress and uncertainty as the sale depends on the transactions of several parties. Unlike this, ‘we buy any house’ companies terminate the need for a property chain.
3. Assurance Of Sale
In a traditional sale, the transaction may collapse for many reasons, including buyer finance difficulties or a change of decision, even after an offer has been accepted.
Due to their readily available money, ‘we buy any house’ companies eliminate the risk of last-minute cancellations, providing homeowners with greater assurance of sale and peace of mind.
4. Helps Save Repair Expenses And Time
A ‘we buy any house’ company will purchase your home “as is.” You can easily escape renovating expenses or repairs.
Additionally, there’s no need to organize the house in anticipation of numerous viewings. This might spare you from the ongoing headache of maintaining a pristine home as well as help save both time and effort.
5. Helps Avoid Estate Agent Fees
A typical commission for estate brokers is a percentage of the transaction price. Dealing with ‘we buy any house’ companies can help you save money by avoiding estate agent fees.
You will directly receive the amount these companies offer, assuring transparency and certainty in the transaction.
How Does The ‘We Buy Any House’ Process Work?
Selling property to a ‘we buy any house’ company is an easy and quick process. The majority of legitimate companies will walk you through the below steps.
- Fill out the online inquiry form found on their website. They will take some time to look into the property after you give them the necessary details. There is no need to come in person for this. Instead, they rely on appraisal software linked to homes similar to yours. They can then assess a property’s true value in the current market in this way.
- Within a day of receiving your information, the company will send you an offer. Typically, a phone call will be made to go over the offer, the timeline, and when you might anticipate receiving the money. At this time, you will also have the opportunity to ask questions.
- Further, upon reaching a mutual understanding, the business will submit a written offer to you. You’ll complete the papers and send them back.
- An independent solicitor will represent you. It will also be covered by them, so there will be no expense to you.
- The company you are selling your home to will also pay for a surveyor to evaluate your property. They will submit a final offer after obtaining a valuation report and legal check.
- The company will confirm the completion date that works for you once again. Finally, there will be funds in your account on the completion date.
The Final Say
Despite all the benefits, the most important step you shouldn’t miss out on if you want to sell your house quickly for cash to a “we buy any house” company is to make sure you’re dealing with a legitimate company. You can do this by ensuring to complete some background checks so you can get a genuine and better deal.
We really hope this blog helps you.
Are you looking to close your deal with lightning speed in just 3 days? If yes, we have got your back!
At Elite Properties, based in New York, we buy your home “as-is,” with no costs or commissions. For your home, you receive the highest cash offer. Not only this but we also pay for all closing and legal fees and most importantly – you can trust us! So, let’s get in touch!