When it comes to the real estate agents, most people know what they do and what to expect when working with them if you are a homeowner selling your house. However, when it comes to working with a professional home buyer in Milwaukee, Wisconsin, a lot of people aren’t too sure what that actually means. In short, homeowner can expect straightforward, simple and stress-free transactions when working with a professional home buyer. In our latest blog we will talk about some of the differences between professional home buyers and real estate agents.
It is common from professional home buyers in Milwaukee, Wisconsin to close faster than traditional home buyers, and expect to be payed in full with cash. At the same time, if you want to make a traditional home purchase you will be required to have qualifications from the banks, to spend time on mortgage underwriting, to make some more time for property inspection – all of that without any guarantee that the buyer will end up qualifying! Also, you will make thousands of dollars in savings as professional home buyers normally won’t require any commissions to be payed. The usual commission is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone! Often times, professional home buyers may not charge transaction fees. Even if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners.
Purchasing Homes As-Is
Professional home buyers in Milwaukee Wisconsin will typically purchase homes in whatever condition they are in. For you as a homeowner that is selling your property, this means you do not have to worry about additional maintenance, any repairs or any other unplanned expenses that you might have had before closing. Some companies even won’t require inspections which makes it a truly as-is transaction.
Lower Risk Transactions
If you sell to a professional home buyer expect the process to be extremely straight forward. Professional home buyers will help you out with every step of the process while making it understandable and they usually have shortened, very clear contracts as-is purchase agreements. These contracts will be much shorter and it will be much easier for you to understand what the documents say, so forget about the complicated paperwork. At the same time, you will have less exposure to any kind of legal risks. Professional home buyers will make sure that you don’t have to worry about accidentally misinforming the buyer or forgetting to disclose some information about the home or the neighborhood. Most of the traditional real estate contracts are quite confusing and it’s easy to wrongly comprehend any fact, which might cost you a lawsuit. Professional home buyers know the state your property is in and they are willing to deal with it as it is.
No Annoying Showings
When you decide to use a professional home buyer in Milwaukee, Wisconsin, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Move Out Time
Professional home buyers are in it for the investment. They are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest.
If you’re interested to learn more about professional home buyers, feel free to read more information here.