Selling your house can be quite a stressful ordeal, especially when you’re trying to do it by yourself. It might seem like selling your house directly to a traditional buyer will be a lot easier, but there are quite a few complications that can arise when you’re not working with a home buying business or real estate agent. Here are a few common problems that arise when you’re selling your house directly-to-buyer.
Proper Timing and Moving Out
First of all, when you’re selling your house directly-to-buyer, it can be difficult to have a strict timeline for closing and moving out. Individual buyers often don’t have orderly systems that help them to stick to a timeline with a house sale. More and more delays can come up, pushing back your move-out date. For example, your buyer might be waiting for their bank to approve their mortgage so they can pay for your house. This can be risky since they might back out of your deal if they don’t get the mortgage rate they’re hoping for. Soon, weeks can turn into months and you’ll be delayed moving into your new house.
Spending Money on Repairs
Another common issue that can arise when selling your house directly-to-buyer is the issue of repairs. Some companies, such as cash home buying companies, won’t require you to do any repairs before selling your home. You’ll be able to sell it without inspections, no matter its condition because the company will renovate the house on their own timeline down the road. Repairs can be a lot more difficult when you’re working directly with the buyer. Your buyer can start to get picky with the tiniest details that they want you to inspect, renovate, or repair, and suddenly, you will have spent thousands of dollars on all of their various requests.
Finding a Fair Price
One of the biggest issues that happens when you’re selling your house directly-to-buyer is that the two parties have a difficult time agreeing on a fair price. Your buyer might only agree to your asking price if you also throw in new kitchen appliances, or a fence repair, or a new concrete pour. Or your buyer might keep adding on repairs and inspection fees until you’ve depleted thousands of dollars of your budget. If you’re using the assistance of a real estate agent, then you can expect that tens of thousands of dollars will be coming out of your final sale in commission fees. Ultimately, it can be difficult to settle on a price that seems fair to you, as the homeowner. When you sell your house to a cash home buying business, you’ll get paid 100% of the cash that is offered to you at the beginning.
So, next time you’re trying to figure out how to sell your house, remember these common issues that arise when you’re selling directly-to-buyer. More importantly, remember that many (if not all) of these issues can be resolved by selling your house to a cash home buying company. When you sell your house for cash, you’ll save time and money and be able to move into your new house with a wallet full of cash.
Do you want to avoid these problems by selling to a cash home buying company? Click here to get a cash offer today from Maximum Cash Home Buyers.