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selling old house that needs work
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Fastest Way to Sell your House that Needs Work

“I want my house SOLD as soon as possible! But who will buy my house as it is?” Believe it or not, there are countless homeowners in need to sell their houses quickly for several reasons, even if it means getting offers under the market price of the home. If you are one such homeowner, a house buying company might seem very tempting. Let’s go through some details regarding the fastest way of selling a house- a house buying company.

What are house buying companies?

A house buying companies (also known as cash buyer companies, quick house sale companies, or ‘We buy any house’ companies) are companies that buy your house fast, faster than other routes like estate agents. You can say there are two kinds of such companies- house buying companies that find a third-party buyer and companies that directly buy the house from you in exchange with cash. If you are asking to sell my house fast Calgary, a local house buying company is your best shot.

Who chooses house buying companies, and Why?

The majority of the people choose these companies because they want to sell their house quickly, due to any urgent relocation, debt payment, or they don’t want any hassles of repair and other unnecessary costs. Some people prefer house buying companies as they don’t charge any fee (unlike estate agents). There is a reduced risk of sale failure, and you’ll get cash at hand within a few weeks.

Advantages Of A House Buying Company

Aside from buying your home within weeks (and even days), and offering a reasonable price, there are other pros to choosing a house buying company. These pros include: helping homeowners avoid repossession and debts, resolve financial issues, selling the house without any repairs done, and helping sell properties that can be difficult to sell.

If you are a Calgary homeowner with plans of selling a house fast, now you know why you should go for cash home buyers calgary or other local house buying companies.

Things To Consider While Selling Your Home Via A Company

Before making the big decision, consider every aspect of a house buying company. Don’t blindly choose a company to sell house fast Calgary, research, and compare multiple cash buying companies first. Observe the market values of similar nearby residences. Also, enquire if the companies buy houses directly or seek buyers. You’ll get better offers with third-party buyers.

House Buying Company V/S Estate Agent

‘I need someone to buy my house Calgary as soon as possible. Whom should I choose- Estate agent or House buying company?’ is a very popular inquiry amongst anxious home sellers. If you want a full market price, an agent is the best. But an agent will take months to sell your property. Meanwhile, a house buying company will seal the deal with 75-90% of the market value within weeks. Also, where an agent charge fees along with 1-3% of the sale value, a home buying company doesn’t ask for any fee.

How to avoid house sale scam companies?

Like every other industry, the quick house selling industry also has several scammers. These bad apples bring a bad name to all the legit, trustworthy companies. It is a must to keep in mind a few things to avoid facing these frauds. The first thing is the review (both offline and online ones). Unreasonable reviews, such as a USA-based comment on a UK-based company, are probably fake reviews, a big red flag of a scam. Another flag is a lengthy contract that can hide clause traps. Also, check whether the company has a legit offline address too.

Originally published on September 21, 2020 in Power & Money
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Rasha

When I'm not volunteering my time at a local nonprofit, I write about family. Running a household isn't easy, but I'll do my best to share my insights!

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