Are you in the Edmonton real estate market hoping to sell your house and looking at house selling options? If so, you may be asking yourself the following questions: Should I use a realtor? Should I sell it FSBO or for sale by owner? Should I sell to a local Edmonton home buyer?
If you are reading this, you are likely considering the services of a local house buyer. It’s important to do some background research and compare the various home buyers in Edmonton, Alberta. So how do you know if this buyer is a qualified and trusted home buyer or a less qualified one? One of the clear benefits of going online is it’s much easier to do some investigation on any company or service you might need. Check with a variety of sources to see what other people’s experiences have been. Are they are active on social media? How does their website looks What kind of property do they regularly purchase? Read further to learn some key criteria to distinguish credible Edmonton home buyers from less experienced and qualified ones.
Get Some References
References are a vital aspect of researching any business. A great home buyer will have multiple references you can call to see how they do business. What better way to verify what your experience could be like than by learning about the experiences of past clients.
Also, any home buyer shouldn’t hesitate to answer any of your questions. If they do, it should raise some questions in your mind. Look at their website, does it list any reviews? Can you tell if they are legimtimate or do they look vague and general, lacking detail? Are the reviews situation-specific, or are they really general, and too good to be true? Legitimate reviews should not make you question if they were written by employees or friends.
Other questions to ask are…..Do they have a presence on social media or other rating websites? What are their followers saying in their comments? Do they have public reviews to read?
A great home buyer will have many client reviews, mostly positive. We all know that things happen, and sometimes people make mistakes, so there may be some negative reviews. This shouldn’t sway your decision too much at first, but make sure to read if the home buyer has responded to the reviews. If they did, how did they handle the situation? Do you agree with how they handled it? Were they professional and calm in how they handled the situation? If you were the seller in that situation, would you have been satisfied with the outcome or the explanation? Also, don’t be afraid to ask around. Have your family or friends ever heard of this buyer?
A track record filled with satisfied clients is perhaps the best place to start when looking for a qualified Edmonton home buyer. Click the following link to see a video testimonial from our most recent, satisfied client .
Great home buyers will offer you a quick closing; sometimes as fast as 5 business days, but this does depend on market conditions. When things get busy in the spring/summer real estate markets, closing a transaction will take longer.
Depending on the situation and your unique circumstances, they may offer to pay for your property in cash or other equivalents. They may alsosuggest a different type of deal structure to better suit their clients’ needs. At Sunrise Home Buyers we try to create win-win transactions, and sometimes that may mean a cash purchase is not what will suit the buyer best.
Poor home buyers are difficult to get in touch with, they may offer you a quick closing but constantly delay or not return your phone calls or emails. And if they do close, they may have had to be qualified for a loan first.
Great home buyers will also not typically renegotiate unless legitimate and unforseen situations arise or hidden situations are uncovered. Less qualified home buyers may try to readjust the price, maybe even multiple times.
How’s Their Personality?
Great home buyers have a positive attitude about helping people and creating real estate solutions for their clients. When it comes to purchasing real estate, they follow through. If you ask them to call you back at a certain time, they will do so consistently. They will speak about real estate with knowledge and experience, and back up any promises with timely action!
Inexperienced home buyers will get your hopes up but then disappoint. They will set appointments with you, and never call you back or never show up. Can you imagine, spending hours tidying up, cleaning the house, and the potential buyer never shows up?
A Quick Closing
A great home buyer will commit to a relatively quick closing date, anywhere from 5 to 30 days, depending on market conditions and your unique circumstances. They will not try to rush you out of the home and stay in contact with your lawyers and theirs.
An inexperienced home buyer may try to extend the closing date multiple times, or ignore the closing date altogether as they may have never submitted their deposit according to the contract. If the buyer is using financing, there will be very few items listed on the commitment letter. Poor home buyers will have multiple issues listed on their commitment, possibly questionable sources of funds.
Get to know your Edmonton home buyer. Ask a lot of questions. Ask for refernces. Find any reviews and read them carefully. Were they video reviews that are easily verifiable? Or are they written reviews with little means of verifying if they are legitimate?
Meet with them, converse, and ask a lot of questions about previous deals they have done and struggles or difficult situations they have overcome. Your Edmonton home is likely your most valuable asset. Be thorough.