Before placing your home for sale, there are numerous factors to take into account. You should consider how long your home will stay on the market waiting for a qualified buyer, the condition of your home, and the cost of necessary repairs. You should also consider whether the buyer could discover any issues with the house after closing and potentially take legal action against you. Additionally, if you decide to work with a Realtor, you should determine whether you can afford their commission. Contact us at 614-504-4360 for more information on other essential questions you should ask yourself before deciding to sell.
In Ohio, professional home buyers typically buy homes in their current condition, meaning that as a seller, you won’t need to concern yourself with any repairs or unexpected expenses before closing. Certain companies even waive the inspection requirement, making the transaction truly as-is.
In Columbus, Ohio professional home buyers tend to close deals more quickly than traditional home buyers and typically pay in full cash. Traditional home purchases often require bank qualifications, mortgage underwriting, and property inspections, which can be time-consuming and uncertain. Additionally, there are typically no commissions paid to buyer or seller agents when working with professional home buyers, resulting in thousands of dollars in savings. On average, commissions can cost 3% per side, which means that selling a $200,000 home could result in $12,000 in commission fees alone. Moreover, professional home buyers may not charge transaction fees, and if they do, they are significantly lower than commission or closing costs. They may also offer mail-away closings, which can be beneficial for out-of-state owners.
Professional home buyers are primarily focused on the investment aspect and do not intend to occupy the property immediately after the closing date. Typically, these buyers allow a move-out period after closing to enable the sellers to relocate at their own pace, which can be particularly beneficial when the closing timeframe is short. Additionally, sellers may not need to worry about cleaning the home before leaving, as they can pack their personal belongings and furniture and leave the rest behind.
By using a professional home buyer in Columbus, Ohio, you can avoid the emotional ups and downs that come with selling a house. You won’t receive unexpected phone calls during meals asking if you’re available to show your home. There’s no need to keep your home spotless every day before work, in case there’s a showing while you’re out. You won’t encounter buyers or their agents asking questions you’re uncomfortable answering. Furthermore, you won’t have to argue with buyers over which furniture you’re taking with you and which items you’re leaving behind.
Selling your property to a professional home buyer is a straightforward process. They will guide you through each step and provide concise, easy-to-understand contracts that are typically simple as-is purchase agreements. Additionally, selling to a professional home buyer can reduce your legal risks. You don’t need to worry about the buyer discovering undisclosed information or having issues with the property or neighborhood. Traditional real estate contracts may expose you to the risk of being sued if the buyer believes they didn’t receive all relevant information or if they feel that facts were misrepresented. However, professional home buyers are already aware of the property’s condition and are willing to assume that risk.