Pros and cons of home buying companies in Seguin
If you’re considering selling to a Seguin home buying company, it’s important to understand the tradeoffs. Here’s what you need to know:
Benefits of Selling to a Seguin Home Buying Company
- Quick close: Many home buying companies can complete your sale in one to two weeks, making this an excellent option if you need to move quickly. By comparison, a sale through a Seguin agent can take approximately 170 days on average days to close a loan plus average days on market in Seguin, 129).
- No preparatory work: You don’t have to worry about repairs, upgrades, staging or cleaning. These buyers buy properties “as it is.”
- No financing delays: Because these sales are cash transactions, there is no possibility of the deal falling through unforeseen circumstances or complications with mortgage approval.
- Low effort: There are no viewings, no open houses and no negotiating hassle – just a simple offer and a quick closing.
Disadvantages of Selling to a Seguin Home Buying Company
- Price below market: Selling to a home buying company usually means accepting a offer below market valueso you may receive less than what an agent could give you. Most We Buy Houses investors apply the 70% rule, offering approximately 70% of the home’s estimated after-repair value (ARV) minus the expected repair costs.
- Example: If your Seguin property is valued at $294,990 and needs $30,000 in repairs, the calculation might be as follows: ($294,990 × 0.70) – $30,000 = $176,493.
- In this case, a cash buyer from Seguin could offer approximately $176,493 for your home.
- Limited negotiation: Most home buying companies offer take-it-or-leave-it deals, which means you have little room for negotiation.
- Risk of fraud: Not every cash buyer is trustworthy; some are scammers who want to take advantage of sellers in difficult situations with unfair terms or hidden costs.
- Less protection for sellers: Unlike traditional home sales, these transactions often favor buyers and provide less legal protection for sellers.
It is also worth noting that a top Seguin real estate agent can help you earn more overall. After typical sales costs such as agents’ commissions and home prep, you could walk away with about $278,766 or more – a big difference compared to many cash offers.
Your situation is important
The best path depends on your timeline, the condition of your home, and your financial priorities. If security and speed are your main concerns, a cash sale may make sense. If maximizing your returns is the goal, listing with a reputable Seguin agent can give you a stronger returns.
Consider seeking professional advice before committing. A local agent can provide one realistic price analysis and help you compare it to any cash offers you receive. HomeLight can connect you with a top performing real estate agent in the Seguin area.
For a quick starting point, try HomeLight’s Home value estimator to get a baseball figure in minutes.
#Buy #Houses #Seguin #Top #Companies