The Pros and Cons Of Selling Your House To a Direct Buyer in Los Angeles

Jun 8, 2021 | Information and Insights

Most people may know that a real estate agent usually has pre-determined ideas or experiences about what they can do for a seller. On the other hand, some sellers might not know what to expect when working with a professional home buyer – especially in Los Angeles or Orange County California. Sellers can usually expect a professional home buyer to provide a simple, stress-free transaction. Here are some pros and cons of selling your house to a direct buyer!

Pro – Straightforward Closings

Direct buyers in Los Angeles, California typically close faster than traditional home buyers, and usually pay full in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. Normally, there are no commissions paid to the buyer’s or seller’s agent which means thousands of dollars in savings. Direct buyers also may not charge transaction fees. If they do, these fees are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out-of-state owners.

Con – Below Market Offers

One of the biggest complaints buyers have about working with direct buyers in Los Angeles is that the offers are usually below market, but this is for a good reason! The buyer is taking on a huge risk by purchasing your house as-is, for your home may be more damaged than you realize! Plus, you won’t spend any money on commissions or holding costs.

Pro – Purchasing Homes As-Is

Direct buyers in California will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.

Pro – Lower Risk Transactions

Selling to a professional home buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Direct buyers already know the state of the property, and they are willing to take on that risk.

Pro – No Showings

When you decide to use a professional home buyer in Los Angeles, California, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.

Pro – Move Out Time

Direct buyers are in it for the investment. They are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. A homeowner will not have to clean the home when leaving — simply pack any personal items and furniture and leave the rest.

Let Us Give You a Cash Offer on Your California House!

Fill Out Our Online Form

First things first, reach out to us. When you visit our website, make sure to fill out our short online form and include all the essential details, such as your name, address, and contact information. Alternatively, you can also call us at (310) 928-9688 to learn more about our services and share your information with us. From there, we’ll handle everything else and get the process going.

Get Your Cash Offer

Once we’ve received your request for a cash offer, we’ll get back to you and schedule a convenient time to inspect your house. We’ll do a thorough walkthrough to gauge the condition of your house and provide you with a fair and competitive price. Keep in mind that this is not a showing. You don’t need to decorate, clean up, or repair your home before our visit. We are more than happy to buy your property in whatever condition it may be, good or bad. .

Why Wait? Get Paid Now

If you’re happy with our offer, we can set up a closing date at your next available time and you will receive your payment then. It’s as simple as that!

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