If you’re sick of your old house and want something new, there are a variety of home-buying companies that can help. These services buy homes directly from sellers, and they offer an alternative to traditional real estate agents or selling your home yourself.
If you own a home and are considering selling it to a home buying company as opposed to listing it as a traditional real estate listing, there are some things you should consider before moving forward with the sale. Here are some things to consider when selling your house to home buying companies, as we buy house Portland.
Decide Why You’re Selling
When you sell a home, you enter into a contract with another party. You might want to sell because you need to relocate, or because you’re short on cash and need to make a quick sale. You may also have some pressing home maintenance issues that you can’t afford to deal with, such as a roof repair or furnace replacement.
If you’re selling because you need a quick sale, a home buying company may be a good option for you, since these companies often close on deals much more quickly than a traditional real estate agent would. If you’re selling because you’re relocating, a home buying company may be able to help you close on another house more quickly.
Assess the Condition of Your Home
In order to sell your house to home buying companies, you’ll need to be honest about the condition of your house. You may want to get a professional home inspection to make sure that you can’t repair or hide any problems.
You should also check the condition of your roof, furnace, and other major appliances, as well as the condition of the wiring and plumbing in the house. If there are any problems that wouldn’t be easy to repair or that would cost a lot of money, you should probably disclose them to the home buying company.
Determine How Much You Want to Sell It
Before you start contacting home buying companies, you should think about how much you want to sell your house for. You may want to do some research to find out the average price per square foot in your neighborhood.
You should also consider how much time and money it would take for you to repair any major issues with your house, and how much those repairs would cost.
Set a Date, Have An Inspection, and Announce the Sale
Lastly, if you decide to sell your house to a home buying company, you can generally set a date for the close of escrow in about 30 days. Some companies may close more quickly, but 30 days is the standard amount of time that most home buying companies need to complete their due diligence process.
You should also have an inspection of your house, just as you would if you were selling your house to a traditional real estate agent. This will help you to avoid any surprises down the road when your deal falls through and you need to take your house off the market again.
