All the processes involved in selling a home can be confusing and costly, especially considering there are no guarantees your home will sell until the deal is closed. Have you ever tried dealing with a prospective buyer for months, and at the last minute, he backed out of an offer due to personal reasons? While this is unfortunate on your part, there’s really nothing you can do about others’ situations.
We get how it can be quite a letdown to have spent time, money, and energy working with prospective buyers, only for them to back out of a pending deal. This is why plenty of homeowners sell directly to professional home buyers. With professional home buyers, there’s no more going through the market, answering inquiries, showing your home to different prospective buyers, and waiting for a long, long time to sell your house.
However, when working with professional home buyers, it’s essential to understand that not all companies are the same. In this article, we give you four (4) questions you can ask your prospective home buying company.
We’ll cover why it’s important to ask local home buyers about their experience level, how long they’ve been in the business, how many deals they’ve done, and any other factors they can share about their company.
At the end of this article, you’ll be more confident in selling to a professional home buyer, making your entire home selling process simpler, more straightforward, and quicker!
How Long Have You Been in Business?
Being in business for a long time means a company has built an outstanding reputation. This means they’re already financially stable and trustworthy — two (2) essential factors when choosing a company.
The company you sell to must have the financial capability to buy your home for cash or get approved for a mortgage. While professional home buyers are primarily budget-ready investors, there are still people who conduct scams, telling you the payment is there even if it’s not. Disreputable companies may offer a quick and fantastic solution to your needs, only to become a nightmare.
So how do you legitimately check how long the company has been in business? Go to the Georgia Corporations Division or check their website. Legal businesses are duly registered with the State of Georgia, and so should a reliable, professional home buyer.
What Is Your Level of Experience?
When you interview a prospective home buyer, you should assess their level of experience. This is because you’d want a company that knows the processes well and a company that will not leave you with any more headaches.
You should ask them to explain the process to you, how they can buy your home fast considering your situation, and your respective roles and responsibilities during the entire home selling process.
A well-experienced local home buyer should be able to lay out the steps of the process, provide alternative solutions if your situation doesn’t permit their standard procedure, and be willing to answer any of your questions clearly and concisely.
Knowing they’ve got experience in the process and there won’t be any unforeseen missteps along the way will bring you peace of mind.
How Many Deals Have You Been Involved With?
Practice makes perfect, and home buyers are no exception to this. The more deals they’ve been involved in, the more you can be sure that the company will do everything possible to buy your house as conveniently for you.
With plenty of buyers and other professional competition, getting a home seller is not always easy as it seems. If a home buying company has been through many successful transactions, you can be sure they know what they’re doing. This means they’re well versed with the industry the state laws and have a reputation that’s well applauded and trusted.
So, when you screen a homebuyer, it would help you to ask them about their previous experiences, their biggest problems with home sellers, how they overcame them, and what they did to buy their previous homes fast.
Some home buyers, like Spire, make things easier for you by showcasing their projects online. This way, you can get a sense of what we deal with and hear first-hand how we help people’s lives.
What Do You Consider When Buying Property?
You can tell a scammer from the way they talk to you. Some go for overarching sales talk, while others only give general statements. Sometimes, when someone overuses the sentence “everything is okay” and “we have it under control,” things are usually not as okay.
You’d want a company that is truthful to you, a company that can tell you that buying your fixer-upper may take a few weeks since they have to conduct a thorough appraisal, and a company that can disclose to you every little detail about your sale.
When you ask your prospective professional home buyer, these are the things that they should be able to mention (at least):
- Verifying your title
- Checking the property’s tax history
- Your home’s size and condition
- The striking features of your home
- State of your local comps
- Current market values and trends in your area
- Existing physical issues in your home
- Who they’re working with (e.g. lawyers, contractors, etc.)
- Ask you about previous repair and renovation works done in the home
- Ask you what you plan to do with the stuff in the house and when you want to vacate
Save yourself the headache of selling your home on the market by selling directly to us at Spire Home Buyers. We’re more than just a professional home-buying company; our goal is always to help homeowners with their property issues once and for all.
Call us today at (678) 318 – 1801, and let’s talk!