If you plan to sell your house in LA, you might be asking yourself, who will buy my house fast Los Angeles? Although the best decision is to sell to a professional home buyer, you should review the differences between a professional home buyer and a traditional buyer before making a decision on who you want to sell your home to.
A professional home buyer is an experienced, independent company that buys real estate properties directly from the homeowner. A traditional buyer can be anyone who buys a home in cash but most often is not experienced with the process and may work with a real estate agent or other third parties.
Now let’s take a look at the differences between a professional home buyer and a traditional home buyer.
Professional Homebuyers Are Skilled
Professional home buyers are ready to buy houses for cash. However, traditional buyers are not professional home buyers. When you invest in a professional home buyer, you invest in a qualified, experienced company that provides real estate services and knows the ins and outs of this type of industry. On the other hand, when you invest in a cash buyer, it means you are exposing yourself to risk by working with someone who may have little or no experience in real estate and may not be a qualified individual.
Professional Homebuyers Have More Experience Than Traditional Buyers
Since professional home buyers have a wide range of experience in viewing properties, they can inspect your home fairly quickly and provide a written offer. They have a clear idea of the repair/renovating costs required. On the contrary, traditional buyers will probably take more time to make an inspection and ask for multiple inspections such as a roof inspection, a water well test, and also request for repairs. This will result in more added expenses.
Professional Home Buyers Close The Sale Faster Than Their Counterparts
Professional home buyers make a closing offer within 72 hours. However, traditional buyers will probably take longer due to a lack of funds or experience.
There Are No Hidden Fees
When you work with a professional home buyer, you don’t have to bother about any hidden costs, repair costs, agent fees, and other expenses, unlike selling your house the traditional way.
Professional Home Buyers Buy In As-Is Condition
A professional home buyer is always ready to buy a house irrespective of its current condition. A traditional buyer, on the other hand, cares about the aesthetics of the house since he has the intention of probably living in that home. He will therefore ask for a clean-up and repairs which requires more money and time on your end.
Professional Home Buyers Work Independently
Professional home buyers do not work with any third party, such as a real estate agent, and neither do they need to. They understand the complete process and invest in properties directly without any third party. On the contrary, a traditional buyer may decide to hire a real estate agency. Thus, you will have to handle negotiations with both the traditional buyer and real estate agent. It is worthy to note that this will add an extra cost as they require a piece of the profit from the sale.
Professional Home Buyers Are Ready To Assist You
Professional home buyers provide more assistance and are experts in what they do. This is their line of business, so they relieve you of all of the hard work involved and do it themselves. They can also help you with a variety of things, such as selling a rental property, avoiding foreclosure, and handling paperwork. Meanwhile, traditional buyers only care about the property because this is usually not their line of work.
Wrapping Up
When you deal with a professional home buyer, you are like a customer to them. They care about your needs and provide the necessary assistance to make the business transaction as smooth and convenient as possible. However, when you work with a traditional buyer, you are only a seller, not a client. They are only interested in the business and nothing more. You may be at risk when you work with traditional home buyers. The best decision is to always work with professional home buyers. You will definitely like the experience.
