When you work with a Direct Home Buyer like Sunrise Home Buyers to sell your house, helping you receive a fair offer for your house is one of our top priorities. Another one of the primary benefits of working with us is that you can move forward with your future plans, knowing the precise date when the sale of your home will be closing. Today we fix our gaze behind the numbers, to how we craft our home purchase offers for our clients.
How We Create Our Offer Price
The Benefits of Using A Direct Home Buyer
The not inexpensive realtor commissions, which traditional real estate transactions are known for, are one of the common reasons why homeowners are looking for other options when seeking to sell their homes. Unaware of the benefits of working with a Direct Home Buyer, many would-be property sellers seeking a cheaper option opt for a difficult path trying to sell their houses on their own with a For Sale By Owner transaction or FSBO.
How wonderful would it be if you were in a position that allowed you the freedom to set the terms of your house sale AND wait for the right buyer? Well, it is possible working with a Cash House Buyer. And the charm of it is, they come right to you!
Once we chat and/or meet, we will view your property and discuss your unique circumstances and goals. Then we will advise whether you’d stand to gain more by listing your home in the traditional method, working with a local real estate agent or selling to a cash house buyer like us.
You see, when a professional home buyer like Sunrise Home Buyers creates a home purchase offer to buy a home, the final number they have given you is the price you will receive. The purchase price is stated in full. There will be no subtracting any commissions or other hidden fees from the sale price at closing. You keep the total amount offered by the professional buyer.
Increased Hold Times Mean Increased Costs
The longer you hold your property and continue to pay for the property upkeep, the more those expenses constantly chip away at your profit margins. If your home has reached an age and stage where upkeep has seemingly become an almost monthly expense, the amount you hoped to recoup or make on the sale will seem as if its eroding away at an even faster pace.
Your money won’t disappear quite this fast if you don’t sell your home quickly with a realtor. But don’t forget that each and every month the property taxes, insurance, heating, electricity, waste & water, and any mortgage payments will cost you every month that you hold the property in question. Getting a quick result is key.
When you decide to sell directly to a cash home buyer like SUNRISE HOME BUYERS, you skip all of the mandatory steps required by property buyers forced to qualify for financing to purchase your property. We relieve you of the financial burdens of making repairs and legal risks involved with the disclosure in traditional home sales, taking them all onto our shoulders. We will be absorbing all of the expenses such as taxes and have a great deal of money tied up in the property until fully rehabbed and resold.
Professional buyers like Sunrise Home Buyers must consider their overhead when making an offer to buy houses, including working with their hand-picked team of experts from every aspect of the real estate and home renovation industries.
Real Estate Sold Comparables or ‘Comps’
Comparable sales, known as ‘COMPS’ in the real estate industry, are based on the recent sales of the nearest and most similar properties in size, features, and condition to your home. This is the most common method of determining the fair market price of an MLS or Multiple Listing Service listing and is an integral part of developing our offers when buying houses is the same method used by traditional real estate agents.
When buying houses, we meet with the home sellers to evaluate the repair costs. Professional buyers like Sunrise Home Buyers will explain each budget item. Depending on the age and condition of a home, there may be unseen or hidden issues that factor into the financial risks a professional buyer is taking upon themselves and could affect the offer made as well. These factors will be discussed and disected in detail to fully understand the underlying financial risk involved in buying a local property. These repair costs naturally reduce the final or renovated market value determined previously in the comps presented for your property.
Time is money and it’s a key variable when you list your home for sale. The LONGER a listing lingers on the market, the LESS the seller will likely realize for the property. If you sell to us, there won’t be a disappointing last-minute call from your real estate agent about your future buyer failing to qualify for the loan because of high lending standards or CMHC’s new guidelines when underwriting mortgage insurance for home buyers. That is because we buy homes for cash. Paying cash allows a professional buyer like Sunrise Home Buyers the ability to guarantee your closing date, usually within 30 days or less, meaning you can leave all of your worries about finding a buyer behind.
You can carry on with life as usual because there won’t be any need to worry about continually cleaning and changing your schedule around for showings or other appointments. Just keep your wallet in your pocket because you won’t have to pay for a professional inspector, appraiser, or cleaning crew. Working with a professional buyer means you can sell your home while sitting back and relaxing, saving your quality time for your family and friends.
Any Questions About Selling Your Home The Easy Way?
At Sunrise Home Buyers, we are happy to answer any questions or concerns about your unique situation. Whether you need to downsize, sell an inherited, vacant, low or no equity home, we are here with a fast, fair and confidential offer for your property. The experienced direct home buyers from Sunrise Home Buyers will walk you through how your home’s value is determined. Once we have reached a mutual agreement on a reasonable and quick offer price, you’ll understand just how we create our purchase agreements at Sunrise Home Buyers when buying houses! Send us a message or call Sunrise Home Buyers at (587) 982-7576 today to learn more about how we can help you sell your home!