When it comes to selling a home, homeowners often assume that hiring a Eugene real estate agent is the only path available to them to sell their property. However, there is an alternative option that anyone looking to sell should consider – working with a direct buyer, an individual or company that purchases homes directly from the homeowner without the need for a real estate agent. Although it may seem unconventional, working with a direct buyer can be a better option than hiring a real estate agent in certain situations.
Despite the potential upside of working with a direct buyer, there are a few common misconceptions that homeowners have about selling their house to a professional buyer. In this article, we will help debunk six of the most prevalent inaccuracies about working with a direct buyer to help you sell your home in Eugene.
Misconception #1:
Direct buyers only buy homes that are in excellent condition.
Many homeowners looking to sell their property believe that direct buyers are only interested in purchasing homes that are in tip-top condition. However, reputable professionals are actually open to buying homes in any condition – some even specialize specifically in purchasing houses that require significant repairs and updates, even those that are no longer traditionally financeable. Selling to a direct buyer could save a lot of headaches, time and money when it comes to trying to list a home on the market that has had long history of differed maintenance.
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 traditional real estate agent. However, reputable professional buyers are not only trustworthy and legitimate, but working with them can truly be more secure than working with a real estate agent. The reason for this is because there is no middleman involved in the transaction. A direct buyer like Property Bridge is exactly that, direct, they are the ones who are purchasing the property, therefore the chances of the deal falling through is almost zero. They also tend to bring cash to the table which guarantees financing for the deal.
Misconception #3:
Direct 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. When a professional buyer makes an offer on your property it is important to keep in mind that they will be buying as-is and will be taking on all the repairs and updates needed for the house. Even a home that is in great condition structurally may require work that a homeowner has not considered. The other aspects that need to be taken into account in regards to an offer from a direct buyer is that you won’t be paying any fees or closing costs that come from working with a real estate agent. They also won’t have to pay for things such as photography, staging, landscaping, and other marketing essentials that come with a traditional listing. What may seem like a low offer could actually end being more money than a seller would make once they add up all of the true costs of selling with an agent.
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, in any condition, in any location. For direct buyers, the potential for profit on the investment is worth more than the value of the home and they are able to look at a property and see the best potential outcome.
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. 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. At Property Bridge working with homeowners that are in pre foreclosure is something that we specialize in and have been able to assist a multitude of people with. The sooner you begin the process of working with us during the foreclosure process the greater potential for more opportunity there is in regards to options and potential equity in the sale.
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 can be a straightforward and simple 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 quite quickly.
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 week (if everything lines up in the escrow process) or if the homeowner needs more time, then the professional buyer usually is able to accommodate their desired timeline.
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. The money they will receive after the mortgage and any other liens or necessary payments are made is exactly what is agreed upon when the sale is agreed upon.
Lastly, working with a direct buyer can be a good option for homeowners who need to sell their home quickly for any reason or they find themselves in an unconventional situation regarding their property. A reputable direct buyer can also help homeowners avoid the negative consequences of a foreclosure on their credit report or assist someone who is a tired landlord that no longer wants to deal with their tenants.
Selling to 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 professional buyer, homeowners can make an informed decision about the best way to sell their property. If you have a house you need to sell, Property Bridge can help you find the best option for your situation. Reach out to us today to learn more! (541) 833-0304