Is It Better to Sell My House to a Home-Buying Company than On the Market?

If you’ve listed your home on the market and only increasing your DOM, you’ve probably received advice to sell to a professional home buyer instead. We understand how unsettling it is if your house is sitting in the market and nothing is happening. And if there aren’t any occupants on your property, your carrying costs might be so high already.

On the other hand, selling to a professional home buyer is not just an alternative strategy for homes that are not selling on the market. If you want to save resources, you can go ahead and sell right away to a home buying company. Here are other benefits that you can get from selling to a home buyer:

You Can Sell Without All the Fuss

Selling on the market will require you to be familiar with many real estate processes and jargon, especially if you want to sell by FSBO. You can hire a real estate agent, yes, but you’d still need to find the right one as not all top real estate agents are perfect for you. Your agent has to be on your side at all costs, and this means that he/she has to understand your situation, wants, and goals on a deeper level. And, of course, your agent has to be honest and reliable (how can you ensure that?).

Next is you have to think about the best marketing strategy for your home. Who do you want to sell your house to? How much are you going to sell your house for? How are you going to prepare your house for a home viewing? How do you negotiate with your potential buyer so you won’t have so much loss? — These are just a few of the things you’ll need to talk over with your agent, and arriving at the right strategy will need time and effort. If you dislike planning, selling your house on the market may stress you out severely.

You Can Save Time

Time is gold, as they say. Before you list your house on the MLS or market, you have to spend time preparing for the sale. Selling a house doesn’t only include saying yes and creating an ad right after that; it also entails gathering your documents (titles, receipts, correspondences, etc.), letting experts appraise your house, and planning how to make your listing competitive.

On the other hand, if you sell your Georgia home to a professional cash buyer, you won’t have to do all of that. You can sell your house directly without the ads, repairs, clean-ups, and more in less than a month!  Selling to a professional home buyer is great for people who are looking to sell their house fast. For example, if you’ve been asked to relocate for work next week or you need money two days from now to fund a medical emergency, you can rely on home-buying companies to purchase your house quickly because we use cash!

closing times of all-cash purchase versus a financed purchased
Source: Zillow

Professional home buyers include investors who are looking to buy a house and earn from it. No matter where your Georgia house is or what it looks like right now, investors will always find a way to close on a house fast (or risk other investors getting it).

You Can Save Money

If your selling on the market, your agent will list your home on the Georgia Multiple Listing Service (GMLS). As of this writing, it costs about $95-$12,000 to list a house on the GMLS.  That’s on top of your closing costs, repair costs, commission fees, appraisal fees, and other possible buyer contingencies. Repair costs, commission fees, and buyer contingencies may be open for negotiation, but still, you have to spend for it.

On the other hand, professional home buyers offer a very affordable way to sell a house. If you don’t have extra money to pay for a seller’s closing costs, professional home buyers can cover that for you. In addition, you won’t have to pay for a single repair because plenty of home investors are pros at fixing a house themselves!  If you want to ensure peace of mind, you can hire a third-party company to estimate your home’s value. Still, licensed professional home buyers are well-equipped to assess how much your property is worth.

You Can Get a Fair Price

You can rely on professional home buyers to give you a fair price for your house. But beware of scammers and non-experienced home buyers. These are the people who would value your house at a very low price. When choosing a credible home-buying company to sell your home to, you need to consider their reputation, customer reviews, staff qualifications & experience, as well as accreditation. If you want to make sure that the company is not a fraud,  you can ask the Georgia Corporation Division.

You Can Sell Your House As-Is

If you’ve inherited a house or have been living there for so many years, you might’ve collected plenty of items and furniture. Most retail buyers (on-market buyers) would require you to clear your house out before they sign the papers, which can be too time-consuming and expensive. You’ll have to go through each of your stuff, think about where to store them, or think about how to sell them.

In marketing, your agent will most likely ask you to clean and organize your home in preparation for your home show or open house.  In any way, you’ll need to allocate time and effort not to sell your house as-is.

If you want a cheap and hassle-free way to sell your house without losing too much equity, go for a professional home buyer like Spire Property Solutions. We are duly registered with the State of Georgia and accredited by the Better Business Bureau! Call us at (678) 318 – 1801!

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