If you’ve ever seen signs for companies that say they buy houses, or maybe you’ve been approached by one, you might find yourself wondering exactly what they do.
There are a couple of different types of companies that buy houses in cash. There are those that you see advertising in your community, but there are also tech-driven companies that do it.
Inside The World of Home-Buying Companies
If you want to sell your house, you typically hire a real estate agent, who will list it on home-buying and selling apps. However, if you want a faster option without doing work or paying a commission, you should sell it to a home buying company in Austin. Some companies buy houses as they currently are for cash. This can mean local cash buyers or iBuyers.
A local cash buyer will typically buy your house, flip it, or turn it into a rental.
Then, there’s the term iBuyer. The term stands for instant buyer. These are companies that use algorithms and data in the form of automated valuation models to determine your home’s worth. Then, based on their data, they’ll make an offer.
Discover The Benefits Of Selling Your Home To House Buyers
If you want to sell your home quickly, one of the three cash buyer options above may be a good option. The vast majority will buy your house just as it is, so you don’t have to make repairs or updates or worry about staging it.
They’ll usually be flexible in helping you find financing solutions, and you’ll probably get a relatively fast closing. These companies don’t have to go through the traditional financing process from a bank. So they might be able to close in seven to 14 days. You’re also avoiding real estate commissions and closing costs.
The Home Buying Timeline – What to Expect?
If you’re interested in the direct-buying model, you might wonder what the process looks like.
Companies might vary slightly in how they do things. But typically, the home-buying company might come to you, or you could approach them. The buyer or company will get some general information, and then they’ll schedule a walk-through.
The buyer will determine the home’s market value once they make the update and repairs. At that point, they’ll present the seller with an offer that includes the price they’re willing to pay, a closing date, and terms of the sale. There will be negotiations, and a closing date will be set for everyone to accept the offer.
If your biggest goal is to move quickly, a reputable home-buying company can be a good option.
Your Home Sold Your Way With Settlement House Buyers
Are you looking to buy a home in Austin? Let Settlement House Buyers take the hassle out of it. We’re experts in buying houses quickly and fairly. Our goal is to make selling your home as simple as possible. Give us a call today and see how we can help you.