The Process of Selling Your Home to a Professional Home Buying Company

Selling your house can be a cumbersome undertaking if you don’t know what to do. In addition to finding a reliable buyer willing to pay your asking price, you’ll also have to contend with all the paperwork and legal issues regarding such a sale. However, this process can be simplified if you hire a professional home-buying company. Integrity Home Buyers is one such company that helps clients to offload their properties quickly. Instead of having to worry about how long it’ll take to find a buyer, you’re assured of a sale as long as you can agree on a price.

Steps Involved

Once your mind is made up about selling your house, follow these steps to complete the sale.

Choosing the right home-buying company can make all the difference in your house’s sale. Just because a company advertises itself as one doesn’t make them legitimate. You’ll need to do your due diligence before picking a professional home-buying company to sell your house to. This means doing proper research.

Start by visiting the company’s website. Check out their mission statement and services offered. You want to ensure that they are licensed and certified to operate in that particular area. Preferably, go for a company that has been in business in that area for several years. Such a company will be familiar with local practices and the real estate market. 

Some professional home-buying companies only focus on specific types of properties. You want to ensure that the company you choose is willing to purchase your kind of house.

Just because you’re dealing with a professional home-buying company doesn’t mean that the sale will happen overnight. Regardless of all the conveniences and advantages associated with dealing with such a company, you have to accept that it may take a few days or weeks. Setting the right timeline from the beginning helps you to manage your expectations. This ensures that you don’t rush things and get a bad deal in the end.

This is a crucial step that you shouldn’t forget. The pre-sale inspection gives you a good idea of the current state of your house. If there are any issues, this inspection will help to identify them. This will help you to set your price accordingly or to commission the necessary renovations should you choose to do so. It’ll also save time during the negotiations later on. There is always the temptation to do massive upgrades before selling your house. A pre-sale inspection can help you identify the key issues that must be addressed before contacting a professional home-buying company.

If you followed all the steps so far, you’ll have a good idea of what your house should command on the market under prevailing conditions. Of course, you should have done enough research to know the average selling prices of similar houses in your area.

The professional home-buying company that you choose to deal with will make you an offer on the house. If you’re lucky, their offer will meet your asking price. Otherwise, you’ll have to negotiate a better one. The professional home-buying company will likely want to do its own inspection. Always be aware of your house’s major selling points throughout the negotiations. Several factors like the real estate market and the cost of living in the area will also factor in during such negotiations.

If this is your first time selling a house, hiring a real estate attorney might be a wise choice from the outset. Such attorneys are skilled at the art of negotiating; they can help you get a better deal for your house.

Once you’ve reached an agreement with the professional home-buying company, it’s time to draw up the necessary paperwork. In addition to the documents that certify the transfer of the house, there may be tax issues to contend with. For example, some jurisdictions require a transfer tax whenever a property changes ownership. This tax may be set past a certain dollar amount. For instance, property transfer tax may be set for all houses whose sale value exceeds $250,000. In some other jurisdictions, this limit can go as high as $500,000 for a married couple. These are some of the several issues that will have to be accounted for before closing the sale. Of course, having an experienced attorney helps to make this process easier.

All in all, selling to a professional home-buying company removes most of the challenges associated with doing it yourself or dealing with a real estate agent.