Are you contemplating selling your house to one of those "we buy houses" companies? For some home owners it is a good option. If you have never worked with one before, or had a friend that has used one, you may be wondering just how do those companies work. Keep reading to learn some insights as to how these companies work.
How Do We Buy Houses Companies Work?
Usually when someone is considering selling a property to one of these companies they can't sell the traditional way with a realtor. Maybe the home is in disrepair, ugly, or some other circumstance. Now maybe an agent has told you that you need to make these repairs before they will list it, or you don't have the money to make repairs. Selling your property without an agent can be a very time consuming process, and a real headache. Selling to one of these companies can help ease some of this pain and speed the process of selling your property on your own (check out our article "Can You Sell Your House Without An Agent? " to learn more about selling without using a realtor).
So what is the process involved in selling to one of these companies?
In today's times in rare that someone visits an office. It's a lot easier to go online and fill out an online form or simply pickup the phone and call, eliminating the need of you having to drive all over town.
After the company has looked at your property and done their due diligence they will then usually make you an offer on your home. It's important to note that no matter what company you are using you can either accept or reject that offer.
How Do They Arrive At Their Price?
There are a few things that are taken into consideration when they make you an offer on your property. Here is a great explanation of how most legitimate companies arrive at their offer price:
A good we buy houses company will be concerned with the selling of your house being a win-win situation for both themselves and you. The media and some realtors like to paint the picture that all we buy houses companies are bad and trying to rip you off. They are a company, and they are interested in making a profit. As we have noted before, using this type of company isn't for everybody. They primarily help home owners that need to sell and there is some kind of problem with the house. If your house is in tip top condition and you have a couple of months to wait on a buyer, then this type of company is not for you. You'd get much more money going through an agent.
It's Not Just Ugly Houses That They Buy
Some people mistakenly think that these companies only buy houses that are ugly on the outside, when in fact they can help in a lot of other situations as well:
Those are just a few of the reasons, and there are a lot more why you might want to consider using one of these companies.
Lastly, here is a video that explains a little more as well:
Summing It Up
Selling to one of these companies isn't for everyone. However if your property has serious issues, or you have some other sort of problem, these companies can be a life saver.
It's important to remember that they are a company, they do this to put food on the table of their employees, just like any other company. And a good we buy houses company will look out for your best interest.
If you have a house in Lithia Springs, or any part of Metro Atlanta, and it's in disrepair or you are facing a situation that you need to sell quickly and you are looking for a we buy houses company, we would like the opportunity to make you an offer on your property. You can visit our website, or call us any time at 770-756-8680.
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