- Low Offers: One misconception is that professional home buyers always make low offers. While it’s true that they aim to buy properties at a discount to account for potential repairs and other factors, professional home buyers typically provide fair offers based on the property’s condition and market value. Their goal is to create win-win situations for both parties involved.
- Scam Artists: Another misconception is that professional home buyers are scam artists. While it’s important to exercise caution when dealing with any real estate transaction, legitimate professional home buyers operate within the law and adhere to ethical business practices. Researching and verifying the reputation and credentials of a professional home buying company can help ensure a legitimate transaction.
- Limited Property Types: Some people believe that professional home buyers only purchase distressed properties or those in poor condition. In reality, professional home buyers are often interested in a wide range of properties, including houses in good condition, inherited properties, vacant homes, properties facing foreclosure, and more. They provide a convenient option for sellers looking to streamline the selling process, regardless of the property’s condition.
- Long Closing Times: One misconception is that selling to a professional home buyer results in lengthy closing times. However, professional home buyers specialize in fast transactions. They have streamlined processes and can often close a sale within a matter of days or weeks, depending on the seller’s preferences and circumstances. This can be beneficial for those who need to sell quickly or want to avoid the complexities of traditional real estate transactions.
- Lack of Transparency: Some people believe that professional home buyers are not transparent in their dealings. However, reputable professional home buying companies value transparency and are open about their processes, offers, and fees. They will explain the details of the transaction, answer your questions, and provide clear documentation throughout the process.
It’s important to note that the above points are generalizations, and it’s always advisable to research and vet professional home buyers in New Britain to ensure they are reputable, experienced, and suitable for your specific circumstances.
When considering such a significant and vital financial transaction as selling your home, when you believe information that is incorrect about your options, it is self-limiting and can be costly in many ways. Yet, professional home buyers are successful because their service is in demand by those who investigated all of their choices and found a direct sale was the best fit in their particular set of personal and financial circumstances.
So why not find out the truth for yourself like so many others before you? Read on as we explore five misconceptions about professional home buyers in New Britain.
The idea that professional home buyers will lowball sellers on the offers is a prominent misconception people have about professional home buyers in New Britain. However, the truth is quite the opposite. When you factor in that there is no need to worry about repairs, pay for professional digital photography or drone video, cover marketing expense, or do any cleaning or prep for showings, selling directly to a company like The Property Warehouse can save sellers time and money.
Bait and Switch
Another misconception people have about professional home buyers in New Britain is that we will try to renegotiate (we always follow through on our offers); you won’t even pay commissions, closing costs, or other hidden fees. You don’t need to worry about passing inspections or finding out your buyer didn’t qualify for financing, and you need to renegotiate the price. The offer we make details precisely the amount of cash you will be holding in your hands after the closing is complete.
That we are shady or conduct illegal business dealings are other misconceptions people have about professional home buyers in New Britain that are completely off target. Professional home buyers are cash buyers who provide a valuable service, offering solutions that the conventional real estate market cannot offer. Among these are benefits such as guaranteed closing dates, sometimes in a matter of days that professional home buyers like those at The Property Warehouse are happy to reschedule for the seller’s convenience.
Bargain Properties Only
Many people mistakenly believe that professional home buyers in New Britain will only buy older, unwanted houses that would not sell on the MLS. However, there are as many reasons sellers decide a direct sale is the best answer as there are the types of homes that professional home buyers like those at The Property Warehouse will buy. From brand new houses to multi-family properties, find out how you may benefit from speaking with a professional home buyer from The Property Warehouse about any hurdles you face and let them help you find the best answer.
Another misconception people have about professional home buyers in New Britain is that you’ll receive an offer that is less than fair if you sell directly. On the contrary, professional home buyers like those at The Property Warehouse will detail every number of the offer for your home that you will agree is fair. In addition, because we want you to make an informed decision, the professional home buyers at The Property Warehouse will also provide you with the data on what you would earn if you decide to sell through a conventional listing on the MLS.
Don’t let any misconceptions people have about professional home buyers in New Britain hold you back. At The Property Warehouse , communication is critical, so we stop and take the time to listen so that you know we understand your needs and goals to help guide you through the process. You will find the full-service team at The Property Warehouse can help you make the best decision about how you handle selling your home with ease. Contact The Property Warehouse at (203) 626-4282 .