Real estate agents are familiar to most people and they often have preconceived ideas or prior experiences about what they do for you, as a seller. The opposite is also true – some sellers may be unsure of what to expect when they work with a professional home buyer in Savannah, GA. Home sellers can expect a professional homebuyer to make the process simple and stress-free. We have summarized some pros and cons of selling your home to a direct buyer in Savannah.
The Pros and Cons Of Selling Your House To A Direct Buyer in Savannah
Pro – Straightforward Closing Process
A direct buyer in Savannah, GA usually closes more quickly than a traditional buyer and pays in full in cash. It is not uncommon for traditional home purchases to require qualification from banks, mortgage underwriting time, and property inspection time, and the buyer may not qualify in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. Additionally, direct buyers may not charge transaction fees; if they do, the fees are considerably lower than the commission or closing costs you would otherwise have to pay. A great feature of theirs is that they offer mail-away closings for out-of-state owners.
Con – Below Market Offers
The biggest complaint buyers have about working with direct buyers in Savannah is that the offers are typically below market value, but this is for a good reason! Buying your house as-is entails a huge risk, since your home may have more damage than you realize! In addition, you won’t incur any commissions or holding costs.
Pro – Purchasing Homes As-Is
As a rule, direct buyers in GA will purchase homes as-is. As a seller, this means you do not have to deal with repairs prior to closing or any other additional costs. In some cases, there are no inspections required, so the deal is truly as is.
Pro – Lower Risk Transactions
Selling to a professional home buyer is very straightforward. The contracts usually include shortened, very clear and simple as-is purchase agreements that outline every step of the process. Legal risks will also be reduced. This way, you won’t have to worry about the buyer finding something you didn’t disclose or something they don’t like about the home or neighborhood. Most traditional real estate contracts grant the buyer the right to sue if they feel they didn’t get all the information, or if they think the facts were misinterpreted. The direct buyer already knows about the condition of the property, and he or she is willing to take on that risk.
Pro – No Showings
When you choose to work with a professional home buyer in Savannah, GA, you won’t have to worry about going through a roller coaster of emotions. There are no mid-dinner phone calls to ask if your home is available for viewing. The house doesn’t have to be spotless every day before you leave for work, just in case there is a showing while you’re away. So no worries about running into the buyer’s agent or their clients or answering questions you shouldn’t have to answer. You also won’t have to worry about buyers bothering you about what furniture you want and what you don’t.
Pro – Move Out Time
Direct buyers are interested in investing. The day of closing is not the day they intend to move into the property. Many home buyers will allow a move-out period after closing, so you can relocate at your own pace. This is extremely helpful, especially when closing time is so quick. Also, there may not be a need for you to clean the house at the end of your stay. All you need to do is pack your personal items and furniture that you want to keep and leave the rest.