If you’re planning on putting your home on the market, you should know that it often takes several months for these transactions to come to a close. Moreover, there’s always the potential of having financed deals fall through. If a buyer is unable to get the funding that he or she needs, you’ll have to start marketing your home all over again. Worst of all, a property that’s been taken off the market only to be put back on, often becomes unfairly stigmatized. For these and many other reasons, you may want to think about working with short sale home buyers instead.
The Benefits Of Working With Short Sale Home Buyers
Working with these investors is actually the surest way to expedite the sale of your home. That’s because they’re either independently qualified to buy your property outright, or they have guaranteed funding via a short-term lending company. Irrespective of where the monies come from, you won’t have to worry about having your buyer unexpectedly back out of the deal due to last minute surprises.
Inspections May Not Be Necessary
Many investors that specialize in short sales are willing to bypass the incredibly stringent inspections that the average buyer’s lender requires. As such, you won’t have to worry about passing this review, nor will you have to make any repairs or upgrades in order to comply with a lender’s demands following inspection. Not only does this speed things up, but it also limits your pre-sale spending as well.
These Buyers Will Take Your Home Exactly As It Is
The greatest benefit in working with these professionals is the ability to offload your house in its current condition. If you’ve been living in your home for quite a while and have not made any recent upgrades, you may find that it’s a bit behind the general market standards and most buyers’ expectations. Rather than spending money you either don’t have or don’t want to part with, you can simply work with investors who will make you an offer based upon your home’s potential, rather than its current condition.
Get Things Moving Fast
Most people are surprised by just how fast these transactions can truly be. If you’re a motivated seller, these buyers can make you an offer and get things turned around in just over a week. If you need more of an opportunity to mull things over, you can take all the time you need to consider the numbers that have been presented. When selling your home in this fashion, the entire process can be as flexible and timely as you need it to be.