When you’re selling your house in Greenville NC you have a lot of options when it comes to professionals that can help you with the process. Some of these include iBuyers, Real Estate Agents, and Local Home Buyers. There are benefits and drawbacks to each that we’re going to cover in today’s article. For example, if you’re selling your house in a hurry you’re going to want to use a different professional than if you aren’t in a hurry. So let’s dive in!
iBuyers
iBuyers are online companies that buy and sell real estate using a technology platform. They work directly with homeowners and buyers, but it’s more of an “at a distance” relationship. These companies aren’t local and do business on a large scale basis with houses all across America, and sometimes the world. While this is a fully automated way to sell your house in Greenville, sellers often find that they aren’t really being listened to. They have fantastic questions about the process but tend to get “canned” answers to them. when it comes to their individual questions and concerns. That’s not very efficient, especially if you have concerns!
Since iBuyers are looking for properties all over the country in very good condition with minimal or no repairs needed, that also limits you if your property needs a lot of work. If the property needs repairs, they will often offer way less for the house, or require the seller to make the repairs before closing, in order to avoid extra risk. iBuyers are focused on high volume and less profit per unit. Working with an iBuyer is a very cut and dry process; they have standard procedures for acquiring properties and are usually not willing to break the mold. Their approach can be impersonal and can cause you to sacrifice on price.
Using A Real Estate Agent
If you’re not too worried about selling your house in a short period of time, Real Estate Agents can be a great choice. Real Estate Agents are paid based on a percentage of the sale price of your house. On average, Greenville NC real estate agents get a commission of 5% to 6%. That means you’ll pay about $10,800 in commissions if your house sells for $180,000. There are often other fees and costs associated with selling through a standard real estate agent, so be sure to have an in-depth conversation with them about what you’ll be paying for.
It’s also important to note that when using a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes. There are frustrating, middle-of-dinner phone calls asking if you are available to show your house. It will be necessary to leave your house spotless every day before heading to work, just in case there is a showing while you’re gone. Traditional house purchases usually require buyers to qualify with banks, wait for mortgage underwriting, and delay closing until the property inspection is completed, so be sure to take that into consideration when you’re doing your planning.
Local Buyers
Local buyers are different from real estate agents since they typically do not charge commission or transaction fees. If they do charge anything, it is extremely low in comparison. By avoiding a real estate agent when selling your house in Greenville, there will be no commissions paid to a buyer’s or seller’s agent. That means potentially thousands of dollars in savings! Local buyers like Pitt Home Buyers that do not use real estate agents are usually, but not always, investors.
Working with local home buyers in Greenville is like working with iBuyers and Real Estate Agents at the same time. They tend to make all cash offers, and may need some time to inspect the property prior to closing. Whats sets them apart is that they can close quickly, since they don’t have to wait for financing. Real Estate Investors and other Local Home Buyers like Pitt Home Buyers typically have a network of other home buyers, so if your property doesn’t fit their portfolio they can typically connect you with someone that’s a better fit for your situation. Either way, this means very limited waiting time for an offer. Also, when you sell your house in Greenville, NC to house buyers, they will typically close faster than traditional house buyers, and usually pay full in cash.
By selling your house in Greenville, NC to us at Pitt Home Buyers, you will not have to worry about wasting your valuable time or going through a roller coaster of emotions. As local buyers, we have time to stop and listen to your individual needs.