When you work with a professional buyer to sell your home, helping you realize the most money from your sale is an important factor, a bonus of working with us is that you move on with the plans for your future, knowing the exact date you can rely on for the closing. We will look behind the numbers – how we develop our offers when buying houses in Raleigh.
No Commissions or Fees
The high commissions for which traditional real estate agents are known is one of the reasons homeowners want to sell their homes another way. Because they are unaware of the benefits of working with a professional buyer, many home sellers face financial problems when they try to sell their houses independently.
Working with a local professional home buyer like Wake County Home Buyers allows you to know how much money you will gain from the sale right away. You won’t have to calculate any commissions, fees, or closing costs. The only cost you will be responsible for is the real estate taxes. The “excise tax” paid at closing on a $200,000 house is only $400. That’s pretty simple to figure out. If you decide to sell your home to us you would not be responsible for any attorney fees, document prep fees, commissions, overnight fees, etc.
Additionally, the homeowner is responsible for the prorated real estate taxes, insurance, utilities, and mortgage interest on a daily basis. Therefore the longer your home sits on the market the more money it will cost you. When you decide to sell to us, you skip all of the steps required by buyers forced to qualify for financing to purchase your property. We relieve you of the financial burdens of making repairs and legal risks involved with the disclosure in traditional home sales, taking them all onto our shoulders. We will be absorbing all of the expenses such as taxes and have a great deal of money tied up in the property until fully rehabbed and resold. Professional buyers like Wake County Home Buyers must consider their overhead when making an offer when buying houses in Raleigh, including working with the best experts from every walk of the real estate industry, which is essential to our business model.
Comparable sales, known as “comps” in the real estate industry, are based on the recent sales of the nearest and most similar properties in size, features, and condition to your home. This method of determining the fair market price of a standard listing and is an integral part of developing our offers when buying houses in Raleigh. We look for recently sold homes within a quarter to one mile of the house we are buying. We compare similar square footage, style, and the year it was built. We will look for homes that have closed within the last six months, but no longer than one year. If you want more detailed information on how to pull comps for your Raleigh home we have a separate article on the subject
When we meet with sellers to develop our offers when buying houses in Raleigh, there will be an evaluation of the repair costs. Professional buyers like Wake County Home Buyers will explain each expense in detail. Depending on the age and condition of a home, there may be unseen issues that factor into the risks a professional buyer may be taking upon themselves and could affect the offer made as well. These factors will be explained in detail to fully understand the underlying financial risk involved in our buying your home. These repair costs naturally reduce the market value determined previously in the comps presented for your property. These are sometimes referred to as adjustments. We always come up with an “as-is” value and an After Repair Value, or “ARV.”
Time is an important variable when you list your home for sale, and as the saying goes, time is money. The longer a listing lingers on the market, the less the seller will realize for the property. There won’t be a disappointing last-minute call from your agent about your buyer failing to qualify for the loan because we buy homes for cash. Paying cash allows a professional buyer like Wake County Home Buyers the ability to guarantee your closing date, usually within a week, or however long your need to pack. This means you can leave all of your worries about finding a buyer behind. You can carry on with life as usual because there won’t be any need to worry about continually cleaning and changing your schedule around for showings or other appointments. Just keep your wallet in your pocket because you won’t have to pay for a professional inspector, appraiser, or cleaning crew. Working with a professional buyer means you can sell your home while sitting back and relaxing, saving your quality time for your family and friends.
At Wake County Home Buyers, we are happy to answer any questions or concerns about your situation that you may have. Professional buyers from Wake County Home Buyers will walk you step by step through how your home’s value is determined. Once we have reached a mutual agreement on a fair price, you’ll understand just how we develop our offers at Wake County Home Buyers when buying houses in Raleigh! Send us a message or call Wake County Home Buyers at (919) 473-6885 today to learn more about how we can help you sell your home!