Many people know that the usual way to sell a house is to call your uncle the real estate agent. Selling your house in Virginia Beach, Virginia is done the same way as it is throughout the country, so f course, you could call an agent. However, what savvy people know it that there is a different way to sell your house, which could be much simpler and more beneficial depending on your circumstances. If you need to sell your Virginia Beach house, see below the Pros and Cons of selling to a professional direct buyer and how that defers from selling through an agent.
Pro – Purchasing Homes As-Is
Direct buyers in Virginia, like Coastal Edge Homebuyers, will buy your house as-is and this is exactly as it sounds. Why is that a good thing? Well, how about – no cleaning and no repairs? If you have an older house, or one which has not been updated in a while, this may be a great thing, because selling a house “as-is” is super easy. Cleaning and repairs can be a big headache and it can costs thousands to do significant repairs to your house. Have you priced the cost of any renovation lately? Try it, you’ll see what we mean.
Pro – Straightforward Closings
The Direct buyers in Virginia Beach, Virginia can close much faster than what you will get with standard sale through an agent, which may take 2-4 months. Moreover, what happens if the buyer has issues with their mortgage lender or credit? Well, the financing may fall through and then you ‘ll need to look for another buyer and wait another several months for closing… what happens if you need to sell fast? Selling to a Direct Buyer is usually done with cash and it takes 2-3 weeks. On top of that, there are no commissions and no hidden fees. What you hear on the offer is exactly what you get on the closing table.
Con – Below Market Offers
Direct house buyers in Virginia Beach will buy below market value. Why? There are a few very good reasons for that. First, the Direct buyer takes on a big risk buying your house “as is”, because – who knows what kind of repairs may be needed after the house renovations start? There could be a lot of unpleasant surprises that could be uncovered after the buyer buys the house and starts the rehabbing project, so the buyer takes a risk buying a house as is. Second, a direct buyer will get you a solid, all-cash offer, and you will get the money in just a couple of weeks. This speed is a huge convenience, especially of time is of the essence for you. Basically, people who sell to direct house buyers are aware of these facts and are willing to give up a little equity to sell their house super fast (no holding costs), as is – no repairs, no cleaning, no agent commissions, and no fees of any kind.
Pro – Lower Risk Transactions
When you sell your house to a direct buyer, the process is super simple and straight forward. They do this for a living and make such transaction possible every day. The contracts are super easy and both sides can question anything and make adjustments as agreed upon from both sides. There is no simpler way to sell a house than to sell to a direct house buyer. These agreements are made so simple, many of them are just a one-page, simple document. If you have any questions or concerns, anything can be up for a discussion and quick fix, if necessary. And, without you having to do any repairs or cleanup, there is really no risk for you around the house/condition. Legitimate companies should have a website and purchase history too, so you can see their information well before the transaction, so the risk is super minimal with any legit direct buyer.
Pro – No Showings
When you have made a decision to sell your house to a professional home buyer in Virginia Beach, Virginia, you don’t need to do multiple showings. You will do several, just one to your buyer and then a couple for their contractors to see and evaluate. No cleaning and absolutely no repairs needed! That’s it! Contrast that with selling through an agent – you will probably need to do cleanup, repairs, staging, and multiple showings to each and every end buyer and their families when they are shopping for a home. Your house will turn into a museum for a while… in the end, it’s up to you how you would like to sell.
Pro – Move Out Time
This benefit is often overlooked, but it’s a significant one. When you sell to a direct buyer like Coastal Edge Homebuyers, you don’t have to worry about the timing of your move. Why? Because if the move out date is super important to you, the Direct Buyer can help you choose your own closing date, to match perfectly with your moving plans! That is the power to work with a direct homebuyer. Otherwise, you have no say-so when you are selling through an agent, because in those cases your closing date is controlled by your buyer and their bank, inspections, repairs, etc. Again, the choice is yours.