3/11/2021 0 Comments Myths About House Buyers That Should Help You As A Home Owner Sell Your PropertyHouse Buyers of America buys every house as-is. As a real estate investor/real estate broker I have seen this countless times. All sellers want house buyers to come in and take a look at the house, make an offer and close the deal quickly. But what about when a house buyer is interested in making an offer but doesn't really know what they are looking for? We can help with that! As a real estate broker who has seen literally thousands of house buyers go through my doors over the years, I've learned the average house buyers have less than 5% knowledge of the house they are going to purchase. Most house buyers renovate the home themselves before presenting it to the buyer, which cuts the closing costs significantly. House Buyers as-is usually renovate the home themselves, which cuts the closing costs significantly. However, as a real estate investor/real estate broker I do advise house buyers to hire the best we buy house company. This is because we as real estate investors know it's very difficult for the seller to cover all repair costs upfront. Closing costs are what cause most sellers to default on financing and therefore give the buyer cash. So knowing your seller has some type of insurance for house repairs helps tremendously. In fact, I have advised many home buyers to invest in some type of coverage for the property they are going to buy, whether it's insurance on the land they are selling or some type of coverage on structural repairs that may need to be made. Houses that sit for long periods of time on the market without any type of renovation typically appreciate far less than similar priced houses that have new construction. I have also advised many house buyers not to buy houses that have any type of issues with mold and mildew. These can drive the price of the house significantly lower and often require extensive repairs. Now another myth is that house buyers never pay closing costs. While I do recommend educating yourself on all aspects of real estate and ensuring that you understand all the nuances of the process, I don't believe this is a realistic expectation for most buyers. I have heard reports of real estate investors paying closing costs on a variety of properties that didn't sell. Not only can this cost you thousands of dollars up front, but it can damage your credit. I recommend educating yourself on the process of closing your home to make sure that you know what you are and aren't liable for.Therefore, working with a quick property buyers in the area has a lot of benefits. Another myth is that real estate investors buy houses for cash and walk away. I don't believe this either. Many times it takes a substantial amount of time and money to rehab a house for resale. Most home owners will hold onto their house for years before selling it. And even then, you may pay close to the current market value for several months while the property sits vacant. It's good to click on this site to learn more about the topic: https://en.wikipedia.org/wiki/Real_estate_economics.
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