How to Find the Best Home Buying Company in Atlanta
Let’s face it – Selling a home can be a total pain! Atlanta is a hot market right now, but many buyers are looking for turn-key homes. If your house needs a lot of repairs, you may not get the best price for it in the competitive Atlanta market.
There is so much to do to prepare the home from making repairs and updates to listing it and coordinating your schedule with showings. It is not for the faint of heart. The thing is there’s an option to selling your home in the traditional sense – offering it for sale to a home buying company. So how do you find the best home buying company in Atlanta? This article will give you an overview of home buying companies and how you can find the best home buying company in Atlanta.
What’s a Home Buying Company?
Home buying companies work exclusively with property owners interested in selling their homes as-is. Most of the homes require extensive repairs and updates to bring them to a standard to sell in the traditional process of buying and selling real estate. The key to selling a home this way is in ensuring a homeowner finds the best company with which to work. Here are some tips on how to find the best home buying company in Atlanta:
Do Your Homework
There are always signs on the road saying, “cash buyer for homes,” “we pay cash for your home,” just to name a few. Some are professionally printed while others are handwritten on poster board with a Sharpie. While many home buying companies are legitimate and offer homeowners a way to sell their homes fast, there are scammers out there that prey on people in potentially dire straits. Therefore, it is extremely important to do your homework. Research home buying companies online then check with the Better Business Bureau to make sure the company is reputable.
Check the Company’s Experience
One important factor in finding the best home buying company is to check the company’s experience. You want to be sure they know the market and are fair about the price they offer you for your home. Another consideration related to experience is determining whether the company is a one-man band or has a staff to provide assistance. Real estate transactions, in and of themselves, are tedious and involve deadlines. If one is missed, it can derail the whole contract. Reputable home buying companies typically have a full staff to handle different parts of the sale and make the process as smooth as possible.
Find Out if They Have Funds Available
Legitimate home buying companies have the funds available to purchase a home for cash, whether through investors or lenders they use. If you are considering selling your home to a company for cash, ask that they provide you with proof of funds at the time the property goes under contract. Contracts that include a financing contingency puts you at risk of the deal going south. Additionally, unscrupulous home buying companies may try to negotiate a lower sale price after an agreement is struck under the guise that they cannot obtain financing at the agreed-to price.
Ask for the Details of the Sales Process
Even though you are selling your home directly to a home buying company, there are still details you need to have covered. This includes the closing costs you may incur and any other services they may provide. Be sure to ask for a closing statement prior to the actual closing. Federal laws require all parties involved in a real estate transaction receive a closing statement at least three days prior to closing to ensure all credits and debits to each party are correct.
If you have considered selling your Atlanta house but are worried about the costs involved in repairs and updates, you may want to consider working with a reputable home buying company. Contact us to take the next step.