You’ve decided it’s time to sell. Congratulations on taking the first step. It could be a relatively quick and easy process if you sell your house directly, or it could become a very complicated and stressful process. You keep asking yourself if you should hire an agent to sell your house in Lincoln, Nebraska. Don’t stop there, ask yourself more questions. Do you want to pay large commissions? How long are you willing to wait for the house to receive an offer? How long will it take to close? What sort of repairs will you have to make? How expensive will the repairs be? How does the house look when I leave for work in the morning? Are you available to show your house with 24-hour notice, or less?
Showings
If you decide to sell your house directly to a professional house buyer in Lincoln, Nebraska, you will not have to worry about going through a roller coaster of emotions. Showing your home, the place you and your family lived for some time, is often stressful. And oftentimes scheduling the showings can be difficult too. To start with, if you decide to sell your house directly, there are no frustrating, middle-of-dinner phone calls asking if you are available to show your house. You don’t have to worry about leaving your house spotless every day before heading to work, just in case there is a showing while you’re gone (this does happen). You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Commissions and Fees
Real estate agents are paid based on a percentage of the sale price of your house. This usually means agents want to price your house as high as possible, and not as competitively as possible. This can be a real problem especially if you want or need to sell your mobile home fast, because an overpriced house will just sit on the market for months and months.
If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That means thousands of dollars in savings! The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Real estate investors typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison. We do not charge you anything.
Waiting Time Frame
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? If your house sits on the MLS for a while it will drop in value. Potential buyers will have much more negotiating power and other buyers may think something is wrong with your house.
Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house in Lincoln, Nebraska directly to house buyers, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.
If you decide to work with us, we will give you a cash offer within 72 hours and can close fast, sometimes in as little as one week. If the house isn’t for us, we do know many other professional investors who can help you.
Inspections & Repairs
Professional house buyers in Nebraska will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Repairs can become a huge expense, especially if you have lived there for some time. In many cases, what seemed like a small repair can become bigger and bigger as the root problem gets uncovered. If you work with us, you don’t have to worry about this at all. We will buy your house as is, so you can just take what you need and move on from your mobile home.
There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.
There are a lot of situations to think about when you are ready to sell your house. We can help you decide which avenue would be best for you.