Selling Your House To American Home Buyer vs Listing With A Local Realtor
Should you “list” your Houston area home with a realtor or sell to an investor like American Home Buyer? Generally speaking you can sell your house for more to a retail buyer, but will you net more? And what about the value of your time and effort? There can be a lot of headaches with listing, showing and trying to find a qualified buyer. Selling to a cash investor is obviously easier, but you need to be clear about the pros and cons…
|Selling Through A Realtor to a “Retail Buyer”||American Home Buyer|
|Commissions :||6% of sale price||NONE|
|Closing Costs:||3-4% of sale price. 2% for sellers is typical, but nowadays most buyers ask sellers to pay some of their closing costs||NONE – We pay all costs|
|Repairs:||Most retail buyers will ask for repairs. Many times their lenders will require some of the repairs be made in order to proceed.||NONE – We pay for all repairs|
|Time & Carrying Cost:||Most people forget this one. In Houston, most homes take 3-6 months (or longer) to sell. You have to pay taxes, maintenance, utilities and interest for that time, and you wont get any of that back.||NONE – We can purchase right away|
|Cleaning:||Your realtor (if they know what they are doing), is going to want you to “de-clutter” and to keep your home spotless for all showings. Further, when you do sell, you have to leave the place empty and clean.||NONE-We don’t care how cluttered or dirty it is, and you can leave whatever you want behind!|
|Number of Showings:||You may have to show your home 5-30 times to get a sale. Sometimes more!||1 (Just Us)|
|Closing Date:||Usually 30-60 days after finding a buyer||On the Date of YOUR CHOICE|
|Appraisal, Inspection, & Financing Contingency*:||Most retail buyers have to finance, so an inspection, appraisal and credit approval are all required. Many sales fall through if any of these fall short.||NONE|
What Makes the Most Sense For You: Home Buyer vs Listing?
If you have the time and are willing to expend the energy of going the traditional route, AND if your house is in a marketable condition, then we may not be your best solution. You probably should hire a realtor. However, if you want to avoid all the time and trouble, then we may be the perfect option for you.
” They come in and clean up what you don’t want to take…they buy the house As-Is” – The Rosses, Houston, Texas
Whether Your Home Flooded or just needs to be updated… We would love to make an offer on your home!
American Home Buyer is a local Houston company (20 years now). Click Who We Are
A+ rating with the BBB (Better Business Bureau). Click BBB
Hundreds of Houston home owners have trusted us and sold us their homes. Click TESTIMONIALS
We have the cash on hand to buy your home AS-IS today or whenever you are ready.
“We didnt want to have to fix the house…” -The Charmos, 12227 Green Glade Dr, Houston, Tx
(If you would like to read more on this topic…., click here to read: “Should I Use A Realtor or Home Investor?”)
We Can Put Cash in Your Hand FAST (3 days)… or SLOW.
Maybe you need to sell right away. We can buy and close in as little as 3 days. Most closings take a week, but we have done them in 3 days. If you need to avoid paying the next mortgage payment, or stop foreclosure, then we can help! Listing and selling your house the traditional route through a realtor will not stop next months payment… And it will probably take at least 3 to 6 months.
…Or, maybe you need 30 to 60 days (like most people). We can do that too. We can close whenever you are ready to move.
You Don’t Need to Clean ANYTHING!
With retail buyers, you should keep your place spotless for all showings. Not us! Don’t worry about cleaning anything for us. We are going to remodel your home. We could care less about how clean or cluttered it is. Trust us, we have seen it all! So save yourself a lot of headache... When we buy your home and you move out, you don’t need to clean up… and, you can leave behind anything you don’t want… including trash.
You Pay No Commissions, No Fees, and No Closing Costs
Retail buyers are picky. Not only do you have to pay the realtor’s commission and any repairs they request, and thousands in seller closing costs, but nowadays they regularly ask you to pay some or most of their closing costs. NOT SO with American Home Buyer. There are no fees or commissions. The only thing coming out of your sale proceeds is anything you owe on the house (like your mortgage, HOA dues or taxes you already owe), or any legal fees you may incur to clear your title.
It’s So EASY, and You Have Nothing to Lose
- Call us or fill out the short form
- We’ll contact you to make an appointment to come see the home (it takes about 30 minutes to an hour to inspect the home and we’ll make an offer on the spot).
- IF the offer works for you, we will arrange a licensed title company to hold a “closing” on the date you chose.
- On the date you chose, we go to the title company and “close.” You get a check, we get the keys!
*An appraisal contingency means the buyer can back out if the house doesn’t appraise for the purchase price. There are 3 options at that point. The buyer can put up the difference as more down payment, you can lower your price by the difference, or the buyer can back out. An inspection contingency gives the buyer the right to have an inspection done and back out of the sale or negotiate a new price if there are repairs that need to be done. Similarly, a financing contingency gives the buyer the right to back out of the purchase if they can’t obtain a loan.
American Home Buyer doesn’t require bank financing and we buy homes “as -is.” So, our offers don’t have any contingencies.