Selling your home can be a long and grueling process. It’s not uncommon for the average home to sit on the market for months or even years at a time. If you’re not currently living on the property you’re selling, the longer it sits on the market untouched, the more it will depreciate in value. This is why it’s crucial to consider working with a quick home buying agency to turn your unused land into fast cash.
What is a Home Buying Agency?
You can view this website now to learn more, but generally, a home buying agency is a company that offers cash for your property no matter its condition. Unlike a realtor who will help to find buyers for the property, the home buying agency is the buyer and will take possession of your home or land upon your agreement with their offer. Home buying agencies are becoming incredibly popular nowadays because of the fact that they can make an offer in a matter of days and you can receive the cash within a week.
Benefits of These Companies
A major benefit to home buying agencies is the speed in which your home sells. Because the typical house sits on the market for months, the agency will buyout your home in a matter of a couple days and you can move onto your next house with the money that you need. Also, home buying agencies take homes in all conditions, so it’s an ideal option for owners selling properties that are in deplorable condition or homes that need a ton of work.
What to Expect
One of the main disadvantages to a home buying agency is that they won’t often offer you the full list price of your property. Let’s say that you’re asking for $200,000 to sell your home with a typical realtor. The home buying agency may offer only half of that amount or even a little less. The benefit here is that you’re getting your home sold quickly and without hassle. You will also find that the majority of agencies pay for all the closing costs involved with the sale of the land, so this can save you a lot of money in the long run as opposed to working with your local real estate firm.
Realtor vs Home Buying Agents
Realtors look for potential buyers to purchase your home for the full list price. This doesn’t necessarily mean that you’ll get an offer that you want and it could take months or even years before a viable offer comes through. Home buying agencies won’t give you the full list value of your property, but they’ll take your home no matter its condition and you’ll still get a reasonable amount of money to do with what you need. It is totally up to you who you choose to work with when selling your home, but consider the pros and cons of both these agencies.