When it comes to selling a home, homeowners often assume that hiring a Surprise real estate agent is the only option available to them. However, there is an alternative worth considering – working with a direct investor buyer, an individual or company that purchases homes directly from the homeowner without the need for a real estate agent. Although unconventional, working with a direct investor buyer can be a better option than hiring a real estate agent in certain situations.
Despite the potential benefits of working with a direct buyer, there are a few misconceptions that homeowners have about this option. In this article, we will debunk six of the most common misconceptions about working with a direct buyer to help you build a portfolio in Surprise.
Misconception #1:
Direct buyers only buy homes that are in perfect condition.
Many homeowners believe that direct buyers are only interested in purchasing homes that are in perfect condition. However, reputable local direct investor buyers often buy homes in any condition – some even specialize in purchasing homes that require minor refreshing to significant repairs or updates.
Misconception #2:
Working with a direct buyer is less secure than working with a real estate agent.
Some homeowners think that working with a direct buyer is less secure than working with a real estate agent. However, reputable local direct buyers are trustworthy, legit, very experienced and working with them can be more secure than working with a real estate agent as there are no middlemen involved in the transaction.
Misconception #3:
Direct investor buyers only offer lowball offers.
Another common misconception about direct buyers is that they only offer lowball offers. While some direct buyers may offer lower than expected offers, reputable direct buyers typically offer fair market value for a home, leaving the home seller with even more than what a real estate agent could get, as they can avoid the commission and fees associated with hiring an agent among other costs.
Misconception #4:
Direct buyers are only interested in purchasing homes that are worth a lot of money.
Homeowners sometimes assume that direct buyers are only interested in purchasing high-end homes worth a significant amount of money. However, reputable direct buyers are typically interested in purchasing homes of all values, from starter homes to luxury homes. For direct buyers, the potential for profit on the investment is worth more than the value of the home.
Misconception #5:
Direct buyers are not interested in working with homeowners who are facing foreclosure.
Many homeowners facing foreclosure assume that direct buyers wouldn’t want to work with them. However, reputable direct buyers are often willing to work with homeowners facing foreclosure and even help them out of a tricky financial situation before it turns bad. Working with a reputable direct buyer can be a good option for homeowners facing foreclosure as it can help them avoid the negative consequences of a foreclosure on their credit report.
Misconception #6:
Working with a direct buyer is a complicated process.
Finally, some homeowners assume that working with a direct buyer is a complicated process. However, working with a reputable direct buyer if more often than not a straightforward, simple and fast process. The direct buyer will typically make an offer on the home based on its current condition and market value. If the homeowner accepts the offer, the sale can typically be completed within a matter of 1 to 3 weeks. A direct buyer may also be more flexible with the home seller allowing a rent back situation allowing the home seller to stay in the home for a temporary period of time depending upon their circumstances.
Why Working With a Direct Buyer Can Be Better Than Hiring a Real Estate Agent
Now that we have cleared up some common misconceptions about working with a direct buyer, let’s explore why it can be a better option than hiring a real estate agent in certain situations.
Firstly, working with a direct buyer can be faster and more efficient than hiring a real estate agent. There is no need to list the home on the market, schedule showings, or wait for potential buyers to make an offer. The direct buyer will typically make an offer on the home within a few days, and the sale can usually be completed within a few weeks.
Secondly, working with a direct buyer can be more cost-effective than hiring a real estate agent. There are typically no commissions or fees associated with working with a direct buyer, which means that the homeowner can keep more of the proceeds from the sale of their home.
Additionally, a regular buyer typically needs to wait for financing. This delay can slow down closing, and you may have to wait longer to finish the deal. Investors often buy in cash and are ready to close immediately, which is a huge perk if you’re looking to sell quickly.
Also many investor buyers are willing to offer flexible arrangements. For example, an investor might be willing to take over your mortgage, which is great if you’re underwater and struggling to find a buyer. Most investors buy a property “as is”: If you haven’t kept up with home repairs or if your kitchen needs an upgrade, this is an attractive option.
Lastly, working with a direct buyer can be a good option for homeowners who need to sell their home quickly for any reason. A reputable direct buyer can help homeowners avoid the negative consequences of a foreclosure on their credit report and can provide a fast and easy solution for those who need to sell their home quickly.
Usually, investors identify properties through their own research. However, you can increase your chances by contacting a real estate agent who works with investors and can reach out to these firms to promote your property.
Once you have an offer, look over the deal carefully. If the investor put in a low offer on a home you just listed, taking the deal might not make sense. But if your home has been on the market for months with no nibbles, working with an investor may make sense.
Working with a reputable direct buyer can be an excellent alternative to hiring a real estate agent when selling a home. By dispelling some of the common misconceptions about working with a direct buyer, homeowners can make an informed decision about the best way to sell their property. If you have a house you need to sell, Fresh Start Homes AZ can help you find the best option for your situation. Reach out to us today to learn more! (928) 421-2678 and (928) 239-7573