Why You Should Sell Your Miami House with a “We Buy Houses” Investment Firm
There are a number of reasons people across Miami choose to sell their house with a “we buy houses” firm.
Perhaps the biggest reason is because these companies offer you cash for your home and can close extremely fast.
You don’t need to worry about a borrower’s financing falling through or any other financial hurdle. Instead, you receive an offer and close on the transaction soon after you accept the offer.
Here are some other advantages of seeking out cash offers.
Any Condition is OK
Whether your property has been run down by renters for years or you inherited an older family member’s home that’s been neglected, cash offers are made on an as-is basis. That means you don’t have to worry about the offer amount changing or having to take on additional repairs after an inspection occurs.
No Scheduling Issues
It can be a hassle to coordinate showings with you, your agent, a prospective buyer, and a prospective buyer’s agent. Even worse is if you have a tenant’s schedule to consider as well. With a cash buyer, it’s easy to set up a single visit and move forward without so many moving pieces to slow down the process.
Close on Your Timeline
Using a “we buy houses” firm is ideal if you want to sell your house fast in Miami. The average days on market for Miami homes listed with an agent is 153 days as of April 2019. That’s five months. If you want to speed up the process and get rid of that property once and for all, a cash buyer offers a much faster solution.
If you’re facing foreclosure or financial hardship in general, selling your house in Miami for cash could help avoid this major issue. Even if you don’t make a large profit, you can save yourself the turmoil and future credit implications of doing such long-term damage to your credit score.
Avoid Expensive Fees
As a seller, your costs can add up quickly when you list with an agent, cutting into your overall profit margins. Things like closing costs, real estate agent commissions, title fees, and escrow fees can end up costing you thousands of dollars, or even more depending on the sales price of your property.
Today’s Real Estate Market in Miami
Much of the country is seeing an increase in home prices with more demand than supply, and much of Miami has certainly experienced the fast pace of growing home values. And while sales prices are still on the rise, recent studies indicate that actual home values are starting to falter.
While one economic indicator doesn’t give a verdict for an entire market, it does show the potential for a cooling down. What does that mean for you as a seller?
It could mean that now is an ideal time to sell in case home prices start to fall. If the property has been in your hands (or in those of a family member) for quite some time, you may have witnessed some appreciation in value, despite its current condition.
Depending on what Miami neighborhood your home is located in, you could very easily sell for a profit using a cash buyer who can remove extraneous costs and stress throughout the home selling process. This allows you the speed and flexibility to remove the most inconvenient aspects of selling a house and instead focus on receiving a fast and firm cash offer.