It’s time to sell your house. You keep asking yourself if you should hire an agent to sell your house in New Orleans. Do you want to pay commissions? How long are you willing to wait to receive an offer? How long will it take to close? What sort of repairs will you have to make? Are you available to show your house with 24-hour notice, or less? These are the questions you should be asking yourself as you get ready to sell. Read on to find out some of the main advantages to working with a professional home buyer. You can also give us a call at 504 264 1407, or visit the FAQ section of our website to get the answers to these questions and more!
No Property Showings
If you decide to sell your house directly to a professional house buyer in New Orleans, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your house. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. At NOLA Buys Houses you won’t deal with any house showing at all. We average 2 visits to your property prior to closing. Sometimes we only need to see it one time prior to closing. Either way we schedule directly with you and make it happen at your convenience so there is no need to worry or stress.
No Commissions or Fees
Real estate agents are paid based on a percentage of the sale price of your house. If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That means thousands of dollars in savings! The usual commission is 3% per side, or 6% total, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Professional home buyers will typically cover transaction fees and standard closing costs on a property which means even more money back in your pocket!
Waiting Time Frame
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? The market is very slow right now as interest rates have shot up and insurance premiums have gone even higher. Plus with the holidays and Carnival season things are even slower. Professional house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house in the New Orleans metro area directly to house buyers, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end. A professional house buyer should have it’s own cash or line of credit which means they can close on the date of your choice.
Inspections & Repairs
Professional house buyers in New Orleans will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order a full blown home inspection of the property. If they find something wrong with the property, they may require you to fix it out of pocket before the property closes. At NOLA Buys Houses we always purchase homes as-is. We may do a brief inspection if we have concerns about something we can’t visually see, like a slab foundation or underground plumbing, but this isn’t a nit picky inspection. We just want to make sure we aren’t missing a big ticket item that cannot be inspected visually. Everything else we can inspect when we first come over to look at the property. The bottom line is there won’t be lengthy and/or cumbersome inspections.
You Have Time
When you work with an investor instead of an agent to sell your New Orleans house, you will likely have time after the closing to move out. When you work with an agent in New Orleans, you are normally expected to vacate the house on or before the day of closing since the property is usually being purchased by an owner occupant whos is expecting to move in immediately. A professional home buyer can normally provide a window of time after the closing to complete the move out. This is especially important for those folks who need the money from the closing to rent a van or hire movers. We are here to help.
When you sell to NOLA Buys Houses, you don’t have to worry about cleaning up after you move out or make any repairs. We buy your property as-is and we always tell people to take what you want and forget the rest!