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Pros and cons of home buying companies in Poland

If you are considering selling your property to a home buying company in Poland, then weighing the advantages and disadvantages is crucial. Although these companies offer speed and simplicity, there are trade-offs to keep in mind. Here is a quick overview of the pros and cons:

A person selling to a homebuyer in Poland

  • Quickly close: Most home purchase companies can complete sales in just one or two weeks, which is much faster than the typical process. For comparison, it may take about 80 days to make a sale through local agents in Poland (average days to end the loan + average market (36) in Poland’s average days (36).
  • No repairs or upgrades required: You can skip repairs, refurbish, installments and cleaning. These buyers accept the home in any case.
  • No financing delays: Since the purchase is cash-based, there is a risk of not reaching a deal due to financing issues or unexpected events.
  • Minimum effort: You don’t have to worry about shows, open houses or lengthy negotiations – just offer and quick exit.

Disadvantages of selling to a homebuyer in Poland

  • Lower sales price: When sold to a company that has a home, you may receive a quote below the market value, which means you may be spending less money than using an agent. Our homebuyer companies usually use 70% of the rules – meaning they will provide 70% of the estimated value (ARV) of your home, minus the cost of repair and upgrade.
    • For example: Suppose your Polish home is worth $192,000 and needs to be repaired about $30,000. Use 70% rule: ($192,000×0.70) – $30,000 = $104,400
    • In this case, Polish cash buyers may offer you a home of about $104,400.
  • No negotiations: These companies’ quotes are usually firm and there is little room for negotiation.
  • The potential of scams: It is important to realize that not all cash buyers are well-known; some may try to exploit sellers with unfair quotes or hidden costs in difficult situations.
  • Less Seller Protection: Cash transactions often favor buyers’ favors compared to traditional sales and provide sellers with less legal or contractual security.

It is worth noting that working with top Polish real estate agents may lead to better financial results.

For example, after considering typical sales expenses, such as closing costs, agency committees and market preparation, experienced agents can still help you walk away at $181,440 or above – which is a significant difference.

Curious about what your house is worth?

Get nearly built real estate home price estimates for free from Homelight. Our tools analyze records of recent homes sold near you, the last sale price of your home, and other market trends to provide initial value in less than two minutes.

Your situation is important

The best strategy depends on the condition of your home, any repairs you need, and your overall sales goals. If you need a quick sale, cash offers may be the best option. But if getting the highest selling price is your priority, listing reputable real estate agents in Poland can help you achieve better results.

Regardless of which option you want to consider, it is important to have a thorough research choice before making such a big decision.

At Homelight, we recommend that you have a conversation with experienced local agents. They can give you a realistic estimate of the value of the home market and help you compare it to any cash offer you receive. Homelight can match you with the highest agents in the Polish region if you prefer.

Need a quick estimate? Try Homelight’s Home Value Estimator to get the approximate value of your property in two minutes.

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