While driving around your city, you may have come upon the little signs that say, “we buy houses”, “sell your house fast”, or something along those lines. Typically, you’ll find these signs staples to telephone poles or stuck in the ground at busy intersections. The message is simple. There is a company that wants to buy your home regardless of the condition it is in. Often, these are simply investors looking to buy your house, fix it up, and flip it for a profit. According to Danny Johnson of Danny Buys Houses (https://dannybuyshouses.com), though it nothing new, flipping houses has always been a profitable business.
It’s important to keep in mind that these companies can certainly help a specific sect of homeowners, it’s not the best solution for everyone. If the thought of contacting one of these companies has crossed your mind, it’s more than worth your time to learn more about them. You most likely will get a better price working with a real estate agent, but there are reasons that homeowners continue to contact these companies.
Remember that these companies have one goal; they are in it for the money and want to make as big of a profit as possible. Because of this, they are likely going to try to buy your house for as little as possible. You may find that their offer is a little on the low side, but there is often room for negotiation. At the end of the day, you have every right to decline their offer. Also remember, though, these companies often will have to put money back into their investment if they hope to sell the house at a higher price than where they purchased.
When selling your home, you always want to get the best price available; however, if your home needs repairs, that will likely be difficult. Working with a company that flips houses, you don’t have to deal with the repairs yourself. The trade-off is that you can sell your home quickly without making the repairs, but you will have to be willing to accept a lower price.
If you are truly desperate and in need of selling a home, this could be the best solution for you. When dealing with a house flipping company, you only have one decision to make. It’s as easy as accepting or declining an offer.
When dealing with a house flipping company, you will most likely be paid in cash or by check. This allows them to close on your home quickly.
Working with a house flipping company also means you don’t have to go through the hassle of finding a good real estate agent. Most real estate agents are professional, but ultimately, you want to find one you are comfortable with. You want to make sure your agent has your best interests in mind. This usually isn’t the most difficult thing to do because your agent will have his or her best interests in mind, too. When your house sells higher, his or her commission check will also be higher.
Selling your home through an agent can also make your life hectic. Your home needs to be repaired, decluttered, and clean. Then you must allow your agent to parade potential buyers through your home. Your feeling of privacy will absolutely be invaded. At the end of the day, it’s not up to you when your house will sell. It could be days or months before someone makes an offer and you accept. To get an idea of what you’re in for, check out this article on getting your home ready for sale within 30 days.
There are certainly pros and cons to both sides of the aisle. Whether you want to sell through traditional means with a real estate agent or you want to work with a house flipping company, there are many things you need to take into consideration. If your goal is to sell your home as quickly as possible, you’ll want to deal with a house flipper. If you want to get the most money out of the house, you’ll need to fix it up and work with a real estate agent.