In recent years, house buying companies have slowly but surely risen to prominence, leaving a lot of people wondering how exactly they operate. Today, we’ll be giving you a full comparison of the traditional house selling process and using a house company.
The traditional way of selling a house is very time-consuming. You first have to look for a good agent, who will then put your house in the Multiple Listing Service(MLS). You’ll then get your home inspected and deal with any problems that show up during the inspection. You then have to stage your house for sale, a process that may take months on its own.
Staging is one of the most time-intensive parts of selling a house. It involves arranging and decorating a house in a manner that will appeal to potential clients. Unfortunately for sellers, it comprises of a whole range of activities, such as improving curb appeal, decluttering, depersonalizing, cleaning, etc. Each of this steps will cost you money, or at the very least will take a huge amount of your time.
After that, you market your house to potential buyers and hope that someone will come and view your house. Once you find someone willing to buy your house, you start negotiating with them, a process which may take up to two weeks if you’re dealing with someone very stubborn.
This method is very hit and miss, since there is no guaranteed return on all the sweat and tears you’ll pour into the house. There’s also a chance that even after investing all that money, you only get offers that are under your listing price.
When you use a house buying company, the process becomes fairly straightforward. Give the company a call, and tell them ‘I want to sell my house fast in St. Louis‘. A professional will come and view your home, and you’ll get an offer. The valuation is free, and there are no strings attached to the offer – no obligations at all. At this point, you can still back out without committing to anything.
If you accept the offer, the company will initiate the process of ownership transfer, and you could get your money in as little as two days. Many ‘we buy houses’ companies also cover closing costs, so you don’t have to worry about any hidden payments coming back to bite you in the future.
If you’re in a real hurry to sell your house, there’s simply no question; you should be using a house buying company.
2. Maintenance and repairs
When selling a house the traditional way, there’s a lot to do. You have to check for problems. You have to have every problem fixed. You have to arrange your house and make it presentable. You have to take constant care not to disrupt the arrangement of the house since a buyer could come along at any time. You have to take care of your house’s exterior because buyers make long-lasting judgements from the first impression they get.
All in all, it’s a long, tiring, emotionally draining and costly process. But let’s see what happens when you want to sell to a house buying company.
Once you’ve agreed on the price, you simply pack and leave. Most house buying companies buy houses ‘as is’, which means that you aren’t obliged to do any repairs. Even if you’ve got broken windows and a faulty plumbing system, you can sell to a ‘we buy houses‘ company without much issue.
If you’ve despaired of selling your house, try contacting this type of company. Many companies keep a division that deals solely with renovation, which is why they are even willing to buy houses with structural issues.
When you want to sell your house the traditional way, you need to pay a lot of attention to decluttering. Where do you take your junk? Do you recycle it, donate it, or dispose of it? It adds an extra layer of frustration to an already frustrating experience.
This becomes doubly frustrating if you have lots of stuff and you want to stage your house. To stage, you need to take out most of your junk. But where do you store it? It’s not always possible to rely on the grace of a kindly relative. And if you decided to rent a storage locker, there’s the extra cost to consider. Plus, you’ll also have to consider the time and effort it will take to transfer your belongings to a locker and then to your new house.
When you use a house buying company, you simply pack and leave. You don’t even have to worry about your junk. The company will sort out that all out for you, and will take care of the disposal of those items.
When you’re selling your house traditionally, you can get a huge amount of money. With a little hard work and a little luck, you’ll be laughing all the way to the bank. Unfortunately, the volatility of the real estate market means that you can’t really predict how much money you’ll be getting. You may receive a small fortune, or you may not even get a customer.
When you’re selling to a house buying company, on the other hand, you’ll get an offer below market price. If you want to make the most money out of your house, this may not be the best option for you.
However, since using a house buying company means that you get to avoid a huge number of costs, it may be cheaper to use such a company in the long run. Sit down, do your calculations, and make your decision.
In conclusion, house buying companies are great for times when you need to sell your house ASAP, but you may prefer the traditional way if you’re flipping a house, trying to make the maximum profit, or don’t need to worry about time.
If you’re looking for a house buying company, just look for any advertisements that say ‘we buy houses in St. Louis’ or ‘sell your house for cash’ or even ‘we buy houses fast‘. So, if you want to sell your house fast in St. Louis, you know what to do.