Home Buyers are real estate professionals that, usually, live in your city or state. The first person that normally comes to mind when we think of selling our house is a real estate agent, but that’s been changing over the past 10 years. Consumers are smarter than ever and have learned that there’s a trade-off between time and money and that a reputable Home Buyer is another tool to help them bridge that gap. Here’s what makes them stand out among other professionals:
They Close Quickly
When the customer prefers time over money, they look for a reputable Home Buyer. That’s because they are able to close within 30 days, whereas the average time to close when your house is listed on the MLS is 60 to 90 days.
The reason it takes so long is that most of the buyers who buy from the MLS listings are using bank financing, which can take a lot longer.
There’s a lot of red-tape and paperwork required with bank loans, but Home Buyers can circumvent all of that since they pay cash for homes in Greenville.
Local Home Buyers have also developed great relationships with real estate attorneys in the area by bringing them a lot of business and helping them with difficult closings.
Since they work cooperatively on the closings, a strong relationship is developed between them which makes the real estate attorney is more willing to give a home buyer a more favorable closing date.
The attorney knows they’re working with a savvy investor and that the closing has a better chance of completing sooner and without any issues.
This is a big departure from the closings where banks are involved.
The attorney has to do a lot more work since he’s the direct liaison between the buyer, seller, and the bank. Talk about mixed communication!
They Pay Cash For Homes
The concept is simple. The Home Buyer brings cash to the table, which allows a faster closing time.
They can close in as little as 2 weeks.
When sellers need to sell their house fast due to a challenge like a divorce, probate, foreclosure, relocation, or family illness they look to Home Buyers.
They understand that they may not get market value for their property, but it’s worth it to be able to sell it quickly and overcome their challenges.
They Are Real Estate Investors
A Local Home Buyer is a Real Estate Investor.
When they purchase the properties, they always do something different with them. Each property has it’s own unique characteristics and savvy home buyers know how to bring those characteristics to their highest and best use.
Some of those typical projects they do can include:
- Rehab and sell the property
- Rehab and rent the property
- Sell the purchase contract to another investor
All of these create win-win opportunities for both buyers and sellers, and sometimes renters!
If it’s not a win-win opportunity, a reliable home buyer will never take the deal and just move on.
Home Buyers are not here to make low ball offers. They’re here to help you out of your situation and create opportunities for others while doing so!
In conclusion, a home buyer is a real estate professional that you should always keep in mind.
Regardless of whether you do business with them, it’s always a good idea to get a No-Obligation Cash Offer from them so you know what your options are.