Selling a house can be a stressful and time-consuming process, especially if you are not familiar with the local real estate market. As a homeowner in Raleigh, Durham, Wake Forest, you may face several struggles when trying to sell your house, including showings, repairs, and paperwork. In this blog, we’ll discuss seven common struggles homeowners face when selling their homes in Raleigh, Durham, Wake Forest and how working with a direct buyer can be a better option.
1. Limited Market Exposure
One of the biggest struggles homeowners face when selling their homes is getting enough exposure to potential buyers. Traditional methods of selling a home, such as listing with a real estate agent or placing a “for sale” sign in the yard, may not be enough to attract the right buyers. It’s important to way all your options when considering which direction you want to pursue. Direct home buyers have a large network of investors and buyers who are actively looking for homes to purchase, which can increase your chances of finding a buyer quickly. They usually understand the complexity of homeownership and also difficult situations some homeowners face.
2. Costly Repairs and Updates
When selling your home, it’s essential to make necessary repairs and updates to ensure that your property is in top condition. However, these repairs and updates can be expensive and time-consuming, which can delay the selling process. Direct buyers typically purchase homes in “as-is” condition, which means you won’t have to worry about making any repairs or updates before selling your home. In some cases, there are special programs in which a direct home buyer can make the repairs for you that the property requires and then sell the home with you in a kind of partnership, allowing for renovation of the property without out of pocket cost to you.
3. Staging and Showing
Staging and showing a home can be a significant hassle for homeowners. It requires keeping your home in pristine condition at all times and being available for showings at a moment’s notice. If you are wanting too push the “easy button,” direct buyers can typically purchase homes without the need for staging or showing, which can save you a lot of time and hassle.
4. Negotiating with Buyers
Negotiating with buyers can be a stressful and emotional process, especially if you are not familiar with the local real estate market. Direct buyers typically make a cash offer based on the current market value of your property, given the repairs and the unique situation you are in. You can work on your timeline, not what the buyers want. You don’t have to worry about lengthy inspections and negotiating costs of repairs or fixes. The offer will be a “as-is” contract closing when it is convenient to you.
5. Lengthy Closing Process
The closing process for a traditional home sale can be lengthy and complicated, which can delay the selling process. There are often inspections, appraisals, mortgage commitments and title commitments before you can even think about a closing date and time. Direct home buyers typically have a streamlined closing process, which means you can sell your home quickly and efficiently. Most of all it is often with less hassle and on your timeline.
6. High Commission Fees
When it comes to selling your home, partnering with a real estate agent can come with a hefty price tag. Typically, agents charge a commission fee of 6% of the sale price. This fee can quickly add up, especially if you have a high-value property or if the buyer is seeking significant discounts on top of the commission. On the other hand, working with a direct home buyer allows you to receive the price you’re looking for upfront, without any additional fees, closing costs, or concessions. This means you can keep more of the profits from the sale of your home.
7. Uncertainty and Stress
Selling a home can be a stressful and uncertain process, especially if you are not familiar with the local real estate market. Direct buyers can provide you with a sense of certainty and peace of mind. Unlike traditional retail buyers, direct buyers typically make offers without further discounts, additional fees, or charges. They also offer a streamlined selling process in collaboration with local title companies that have years of experience.
If you are struggling to sell your home in Raleigh, Durham, Wake Forest, consider working with a direct buyer to alleviate some of the common struggles homeowners face when selling their homes. At Coastal Oak Ventures, we specialize in buying houses directly in Raleigh, Durham, Wake Forest and the surrounding areas. Don’t hesitate to reach out to us today for a no-obligation offer and answers to all of your questions about selling your property. Call 984.3156198 now!