Why For Sale By Owner Is A Bad Idea
If you’re trying to sell your property yourself to a retail buyer, you’re in for a challenging ride.
When you choose to go the For Sale By Owner route it’s likely you’ll encounter a few (if not all) of these issues:
The Long Wait
It’s often the case that you won’t be able to finance another house before you sell the one you’re in. But when you sell retail, it takes time to find the right buyer. So you’re essentially stuck in limbo until the perfect buyer comes along.
Retail buyers are picky when they’re looking for their next home. That means, if you want to sell your house, the repairs and upgrades are left to you to do. It can take weeks or months, and cause significant headaches. But, when you sell to an investor, you won’t have to do any of those repairs.
Open houses, Advertising, and Taking Calls
It’s your responsibility to bring the buyer to you, which means that you’re the marketing director for your house sale. You’ll have lots of people looking, and much fewer buying. It’s a total time waster, and an unnecessary one.
Paying Two Mortgages
You think you’ll find someone to buy your house quickly, but in reality it usually takes at least 3-6 months, and that’s if the buyer qualifies for the loan. So many traditional sales fall through because of financing. If you had to relocate for a job and you’re stuck paying two mortgages, that can become a huge financial burden, and fast.
Finding the CASH to catch up up on house payments, or back taxes.
If you owe any money or have any liens on your house, you will not be able to sell to a retail buyer, but you could sell to an investor.
As investors we can save you from all the frustrations above. We’re fair, fast, and knowledgeable. We’ll take the frustration and the fear out of selling your property. Contact us today for a quote.
Leave a Comment