If you live in New Bedford, chances are you have come across several ”We Buy Houses New Bedford” signs plastered on street signs. We buy houses is a term used by people or companies that offer homeowners cash for their properties. However, it can ideally refer to a direct home buyer branch, and knowing the difference is vital when selling your house.
With a homebuyer branch, an investor applies for a license with We Buy Properties in their local region. They are exclusive to the region, and you will not come across more than one in a single market.
This is just one example as there are numerous house buyers who can give you a cash offer for your house and all use the ”We Buy Houses New Bedford” slogan on their signs to find potential sellers. But is this the right option for you? After all, everything in this world comes with a catch. Read on to learn the ups and downs of cash offers and if they are a viable option for your situation.
How We Buy Houses New Bedford Work
Simply visit a website like stellapointproperties.com and fill out a form with details of your property. Provide your house details and personal data, including the location, number of bedrooms and bathrooms, the reason you’re selling and the approximate asking price.
Within several hours, the company’s representatives will contact you and create a schedule to visit the property. During the visit, they will make an offer or present other available options, which you can either accept or decline.
The Upside of We Buy Houses New Bedford
With We Buy Houses New Bedford, You Get To Easily Sell Your Property, Even If It Is In Disrepair
There are numerous reasons one may decide to sell their property through a direct house buyer. Maybe you are facing foreclosure, divorce, or inherited the house and need to sell quickly to avoid maintenance and related costs.
Or perhaps you are in a pinch and need to tap your home’s equity as soon as possible. Regardless of the reason, there are several things to be aware of when looking to sell using this route.
1. No Questions Asked
If your home has deferred maintenance, chances are it’s in disrepair. When selling through the traditional method, you have to make the necessary repairs. However, this is not the case with cash house buyers. With a buyer like stellapointproperties.com, you don’t have to worry about costly repairs, cleaning, etc. We buy houses as-is, helping you move on with life as soon as possible.
If you need to conduct extensive repairs when selling your house, the traditional selling route will be nothing less than cumbersome. Using a realtor to sell, especially in this pandemic period can also be time-consuming.
They will not buy your house for the actual market price, but in exchange, you get to free yourself of the burden.
3. Rental Properties are Considered
If you have tenants who always give you a headache on your rental property, you may still be able to sell it to a cash buyer or real estate investor. We buy houses companies have experience with problematic tenants, and so, it is not an issue for them.
4. It is One Decision
When you decide to sell your house the conventional way, there are numerous decisions to make along the process. If you simply do not want that stress, then we buy houses New Bedford is an excellent option. You simply receive an offer and decide if you want to go along with it or not. It is that easy.
5. No Wasted Time
When you decide to sell your property on your own, it is referred to as For Sale By Owner (FSBO). This seems like a good idea until you discover the challenges it comes with. Taking this route helps avoid the fees and commissions related to real estate agents, but it takes a lot of work as you have to do most of the work on your own. You need to take high-quality pictures and videos of the house, host showings, and ensure the buyer is approved for financing.
You also need to represent yourself during vital stages like a home inspection. With we buy houses New Bedford by your side, however, you don’t have to do any of this, saving you a substantial amount of stress.
6. Home Saviors
It is not uncommon for homeowners to owe more money than their property is worth. A reputable real estate investor like Stella Point Properties can work with your bank to purchase your house via a process known as short-sale.
During this process, we will work out a price for your property with the financial institution that’s usually less than what’s owed. While this rarely happens, it is something worth noting.
As you can see, there are numerous benefits to dealing with real estate investors who buy houses for cash. This is a viable option if you need money fast or are in a situation where you need to move as soon as possible.