The majority of people are familiar with realtors and have preconceived notions or past experiences with the services they offer to sellers. However, some sellers may not be aware of what to anticipate when working with a professional home buyer in Columbus, Ohio. If you choose to work with a professional home buyer, you can expect a straightforward and hassle-free transaction.
Straightforward Closings
Professional home buyers in Columbus, Ohio typically close faster and pay in full cash, which is different from traditional home buyers who need to go through bank qualifications, mortgage underwriting, and property inspections that may take more time. In addition, sellers can save thousands of dollars in commissions because there are usually no fees paid to buyer’s or seller’s agents. The standard commission is 3% per side, which can result in a commission fee of $18,000 for a home sold at $300,000. Professional home buyers may also offer low transaction fees, if any at all, compared to other closing costs. Moreover, they provide the convenience of mail-away closings, which is particularly helpful for out-of-state sellers.
Purchasing Homes As-Is
When selling your home to professional home buyers in Ohio, you can typically sell it as-is, without worrying about making repairs or incurring unexpected expenses. In some cases, these buyers may even waive inspections, making it a completely as-is transaction.
Lower Risk Transactions
Selling your home to a professional home buyer is a straightforward process. They will clearly explain each step of the process and provide simple, as-is purchase agreements. This reduces your legal risks as you don’t have to worry about buyers discovering undisclosed issues or disliking the property or neighborhood. With traditional real estate contracts, buyers may sue if they believe they didn’t receive all the necessary information or if the facts were misrepresented. Professional home buyers are aware of the property’s condition and are willing to assume that risk.
No Showings
If you choose to work with a professional home buyer in Columbus, Ohio, you can avoid the rollercoaster of emotions that comes with selling a home. You won’t receive frustrating phone calls during dinner asking you to show your home, nor will you have to leave your home spotless every day before work in case there’s a showing. You can also avoid uncomfortable situations like running into a buyer’s agent or their clients, and the potential for buyers to argue with you over furniture.
Move Out Time
Professional home buyers are primarily interested in the investment aspect of the property and do not have plans to move into the home immediately after the closing. Generally, they allow the seller a move-out period after closing, giving them the freedom to move at their own pace. This flexibility is particularly beneficial as the closing time frame is usually swift. Furthermore, the seller may not be required to clean the property before leaving. They can simply pack their belongings and keep the furniture they want while leaving the rest.