Are you hesitating to sell your home because you don’t want to list with an agent? Are you worried that the “we-buy-houses-companies” that advertise their services are untrustworthy? Would you rather not deal with paperwork, marketing, legal issues, showings, and all other hassles of listing for yourself? And do business with someone you can trust? Read on to learn about your options.
A direct sale, where you sell directly to a buyer, without hiring an agent to find a buyer on your behalf, will allow you can bypass all the hurdles and hassles of the traditional home sale. You can skip the showings, inspections, appraisals, contingencies, fees, and repair negotiations.
When you sell directly, a local, and professional buyer will purchase your home as it is, no fees, no appraisal and pay all closing costs save the real estate taxes.
If you feel that a direct sale is the best method to sell your home, it is essential to vet all these companies before signing an agreement. Do your homework first to ensure that you are working with a local and reputable company.
The following are five signs you can trust your buyer when selling your house directly in Raleigh.
1. Offers in Writing
Offers need to be in writing for several reasons. A verbal offer, while a good starting point, does not represent a firm commitment. A verbal offer is fine if you just want to see if you’re in the same ball-park as far as price is concerned. But if you decide to move forward you need to reduce the offer to writing as soon as possible. Also, You need to review the terms of the offer. If the buyer says it is an as-is offer, with no repairs or cleaning, and the closing will be next week, the agreement needs to be consistent.
2. Read The Fine Print
The fine print will contain the terms of the offer. All cash offers are not equal. If it is an as-is offer it needs to say that in writing. Don’t assume that you will not be required to make repairs. There are many iBuyers that have entered the market who are notorious for making hundreds of offers with the attention of backing out of a large percentage of them. This is usually done via repair & inspection contingencies.
As a standard practice at Wake County Home Buyers, all of our offers say the following:
Property to be taken as-is. The seller will do no repairs. No cleaning is necessary.Wake County Home Buyers
The offer needs to come with some form of deposit. Whether it be in the form of earnest money or due diligence money. The deposit amount is usually listed under the purchase price, which should be on the first page.
Does the offer contain an ‘assignment-clause?’ If yes, the offer may read:
XYZ, LLC or assigns
While there is nothing wrong with an offer that contains this clause, you should question it. It implies that the person you are doing business with is not the end buyer. It also means the offer will most likely contain ‘escape clauses’ so it should be read over carefully.
A written offer will define how the closing costs will be split between buyer and seller. Also, it will list any contingencies.
3. Simple Is Better
The standard Offer To Purchase and Contract that is currently being used by agents is 14 pages without counting the addenda. We know because we sell many of the houses we buy after we renovate them. These agreements are tricky and are regularly updated, which means they keep growing in length and complexity.
Keeping the transaction straightforward with no hidden fees or surprises awaiting you at closing is a good sign that you can trust your buyer when selling your house directly in Raleigh. A direct buyer should make an offer you both feel to be fair. So how does it all work? Like those at Wake County Home Buyers, a professional buyer will present and compare the numbers for listing your home with a traditional real estate agent or selling directly. Every figure should be explained in detail so that you can make an objective comparison. An upstanding direct buyer considers your financial and personal situation to help you determine which sales method is better.
When a company comes highly reviewed by their clients, this is proof that you can trust your buyer when selling your house directly in Raleigh. Reviews need to be in writing on a trustworthy source such as Google Reviews, Better Business Bureau, and Facebook. Simply writing an anonymous review such as “XYZ company was great to work with.” — Jane S. isn’t good enough. There should be a link back to Google Reviews, BBB, or Facebook. This way you can see the profile of the person that wrote the review.
5. Experienced Professionals
Another signal you can trust your buyer when selling your house directly in Raleigh is that they have been in business successfully for many years. Also, you need to verify their experience by their web presence. Longevity serves to prove their financial ability to back the cash offer they are making and pay off your mortgage without delay. It’s also a good practice to ask for proof of funds at the time the offer is presented in writing. You will not need to deal with inexperienced buyers who tie up your house awaiting financing approval.
6. Local Buyers
Working with a professional buyer who lives in Raleigh indicates your buyer Is reliable when selling your house directly in Raleigh. While helping neighbors solve financial or personal problems one home at a time, the work of professional buyers also improves Raleigh communities and the overall lifestyle for all residents. Direct buyers like those at Wake County Home Buyers do not see you as just another number. They care deeply about the individuals and families in their community and are proud of the work they do.
If you are looking for all the signs that you can trust your buyer when selling your house directly in Raleigh, Wake County Home Buyers invites you to check the reviews for yourself. You will find that Wake County Home Buyers is all of the things sellers and buyers are looking for and more. At Wake County Home Buyers, our direct buyers put it in writing using a simple contract. You do not even need to clean up, Wake County Home Buyers will take care of everything, just pack what you want and leave the rest to us! Send us a message or call Wake County Home Buyers at (919) 473-6885.