Selling your home is always a big undertaking, and going through the laborious process of getting it ready to sell isn’t always an option. When you’re short on time and need to sell your home quickly, home buyers can be a great option, but it can be hard to know who to trust for a fair deal.
Here’s everything you need to know about choosing reliable home buyers:
- Know your buyer options. There are several types of home buyers out there, all with their own objectives and business strategies. House flippers, for example, look for fixer-uppers they can renovate to earn a profit when they sell homes they buy as-is. Buy-and-hold investors buy homes with the intention of turning them into rental properties. iBuyers boast an ‘instant’ sale to draw people in need of quick sales, often at the expense of getting top dollar for their home. Real estate investment firms can also take a broader approach to home buying and utilize their properties in various ways. Choosing the right buyer for you depends on your home and your circumstances.
- Know the fine print. Home buyers advertise a quick and painless home-buying process, but as the previous point shows, they don’t all operate the same way. It’s important to know the fine print of your home buyer’s agreement so you know what you’re signing up for. Some home buyers require their sellers to pay closing costs or service fees, including home repair costs in some situations. Reliable home buyers will be happy to discuss their payment structure with you and should be transparent about any fees involved.
- Know their reputation. Nothing beats reputation when it comes to finding reliable home buyers. Whatever has brought you to consider home buyers, look for customers with similar stories who were happy with their experience working with a reliable home buyer.
