A fast sale of your house in Raleigh NC to a direct buyer, offers a number of great benefits you won’t receive when listing your house on the Triangle MLS. In this post, we offer 5 ways a fast sale of your house will benefit you from a financial standpoint!
I have written many articles on what it costs to own a house. When we renovate and resell our houses we always factor in a few thousand dollars for holding costs. After holding costs are factored in you have to consider the selling costs as well. Taxes, utilities, cleaning, and staging are just a few of the expenses you’ll face, agent commissions are the single largest expenses. There are also closing costs such as attorney fees, document preparation, etc. The other risk is that by listing your house with a local real estate agent there is no guarantee the home will sell. The average days on market is relatively low in the Triangle NC. We also buy houses in the Greenville area of Pitt County. The average days on market in Pitt County is slightly higher. The point is it could take months to find a buyer and close, ultimately costing you thousands of dollars in the process! Keep reading to find out how a direct sale to Mike Buys Houses will benefit you!
Owning a house costs a lot of money. Monthly costs such as mortgage payment, taxes, insurance, utilities, maintenance, and landscaping. These costs can be more painful if you own a house that you inherited. We know from experience that listing a house for sale takes several months before you get your check. There are showings, offers, and inspections which all have to occur before the bank approves the loan and you go to closing. The amount you spend owning a house can add up to a lot each month. If you are stuck with your property for the next several months, your holding costs can potentially add up to thousands of dollars. This is money you could be spending elsewhere.
Whenever we sell our houses we always have to account for the inspection process. Professional home inspectors are sent to inspect every inch of the house. They are trained to call out every little item they see to avoid liability. Even on newly renovated houses, we see laundry lists of repair items come through. Repairs on your old home can cost an arm and a leg. It can feel counterproductive to spend a fortune on a house that you are trying to get rid of. Plus, repairs are one of those costs get out of hand fast! When you chose to sell to a company that buys houses for cash in Raleigh NC, it will typically be sold as-is. This alleviates you from the stresses of the home inspection and repair process.
Avoid The Hassle
Listing your house with a real estate agent in Raleigh can be very stressful. It is impossible to know when you will find a buyer and what kind of offers you will receive when putting it up on the Triangle MLS. There is a lot of paperwork involved. All the listing agreements, agency disclosures, property disclosures, and all the other documents that come with it.
Once you’re done with all the paperwork from your listing agent, you have to contend with all the paperwork that comes from the buyer’s agent who presents the offer! Sellers who put their house on the Triangle MLS will also have to worry about sales falling through due to lack of financing or other contingencies placed in their potential buyer’s offer. The process can be a gamble and very stressful for those who want to move within a specific timeframe.
A listing provides no guarantees, whereas a direct sale to Mike Buys Houses will allow you to know exactly what you are getting and on what day!
Where Will You Live Next?
If you are selling your primary residence you will need to find another place to live. When your property is caught up in a listing agreement, you may see your dream property come and go. Having your money tied up when it can be better used elsewhere is a difficult situation to be in. When you sell your house quickly to a direct buyer, you will be able to liquidate the property right away, freeing up your money so you can buy your next house! Don’t miss out on a property you really want or on a better investment because you are waiting around for a buyer.
Get Out Of Debt Fast
Maybe you inherited a property or maybe your house has increased in value since you first bought it. For people dealing with unexpected bills or a large debt, a fast and direct sale of their house can provide the funds they need to pay off the debts they owe. This is especially true with the Wake County property re-appraisal that just occurred in 2020. The tax-value has increased on a lot of Wake County Property making it less affordable for those who are on fixed incomes.
We always pay fair prices so you can get the cash you need from your home sale in Raleigh, Durham, Greenville, Chapel Hill, Johnston County NC and surrounding areas!
Selling your house in Raleigh NC doesn’t have to be stressful, time-consuming, or expensive. Some properties and situations are better handled by selling directly as opposed to a traditional listing. Find out which selling method will be best for you before committing to a buyer or an agent!