Pros and cons of Decatur’s home buying company
Sales have brought some obvious advantages and disadvantages to a home buying company in Decatur. This is a quick breakdown that helps you determine if this option is suitable for your needs.
Working with a homebuying company in Decatur offers the main benefits of speed and convenience. These companies buy the home as is, which means you don’t need to do any repairs or updates. Sales are usually faster than the average number of days in the average market in Decatur.
The person who sells to a home buying company in Decatur
- Closed soon: Many homebuyers can complete your sales in a week or two, and this is ideal if you need to move quickly. For example, sales through a Decatur agent may take 94 days (average average loan + average number of days (53 days).)
- For Sale Your Home: Skip expensive repairs and sell your property in current condition without any updates or improvements.
- No financing delays: Since buyers pay in cash, you don’t have to worry about contingency or loan approval slows down the process.
- No display or performance: You don’t have to prepare for open houses or private travel, saving time and stress.
Disadvantages of selling a home buying company in Decatur
- Lower sales price: You may receive quotes below market value, meaning you can walk away with less money than you sell with an agent. Most of our homebuying companies use 70% of the rules to determine their products, which means they will give you about 70% of the restoration value of the home, minus their estimated repair costs.
- example: If your Decatur home is worth $330,000 and requires $30,000 in repairs, the offer might look like this: ($330,000×0.70) – $30,000 = $201,000
- In this example, the home company we purchased may offer about $201,000 to your home for about $201,000.
- Limited negotiation rooms: Most home purchase companies are flexible in offering companies on price or conditions to pay or pay for offers.
- Risks of scams: Some companies operate dishonestly, so it is important to be aware of scams and verify the reputation of the company.
- Seller has fewer protection measures: Traditional buyers may have events such as financing and protecting both parties’ financing. Cash sales often give up on these, which can make sellers more exposed.
It is also worth noting that Decatur’s top real estate agent may be able to be more valuable than a cash offer.
For example, after considering potential closing costs, agency committees and market preparation, an agent may help you walk away at $311,850 in the same home listed above.
Your situation is important
The best choice depends on the condition of the home, repair needs and sales goals. If time is prioritized, cash buyers can fit well, but selling with real estate agents may result in higher prices.
It is important to properly review any company you may have a significant deal with for sale (such as for sale).
Homelight recommends that you consult an experienced local broker to better understand the value of your home for sale on the open market. Then, compare your cash quotes. Homelight can connect you with the best performing agents in the market.
You can also use Homelight’s Home Value Estimator to perform initial course estimation in less than two minutes.