While it’s true that in some circumstances people turn to house buying companies because of financial distress, there’s a misconception that only people who are desperate for money use these types of services. As a home buying company, we often receive enquiries from people wanting us to ‘buy my house’ for various reasons.
Common Reasons for People Selling Their Home Fast:
Selling An Inherited Family Property
Inheritance can be a bittersweet experience. Losing loved ones can also mean gaining an asset of substantial value. If it’s the primary residence for the inheritor, then there aren’t any issues (unless others want to lay claim to a part of the asset). However, if it’s an investment property, there may be ongoing fees, charges and taxes which may make holding the property either a costly exercise or a major inconvenience.
Relocating or Retiring
Whether it’s because the kids have grown and the property has become too big for the empty nesters or for others, it may be time to move into a home with better facilities or care or a sea change has been calling and it’s time to take action!
Selling a home can become a very big part of the timing and decision process.
Liquidating Investments
Having properties are always a great investment but as times and people change, investors turn to different investment opportunities and strategies. Properties have great value, but they take time to liquidate. There are investment podcasts about how people have changed from property investment to share investment because of the ability to quickly change and grow their investment portfolio. They might have found an opportunity they want to buy into or gained interest in blue chip shares or ETFs which they feel is a better opportunity than money tied up in a property.
No matter the reason, the commonality is the lack of certainty to settle and the ability to complete a transaction quickly without fuss and exorbitant fees and unnecessary extra efforts like home improvements, landscaping, clearing and staging the home pre sale.
Opportunity Cost
As with any property transaction, there are risks and concerns to consider on both sides. When you are selling, it is only natural to want the ‘best price’ for your property and for a buyer, they need to consider the asset which they are buying, future overheads and potential unforeseen expenses that lay ahead. We’ve heard so many times where someone has purchased a property only to find there’s cracks in the shower or plumbing issues around the house which add up to big dollars in repairs.
Are Home Buying Companies A Good Choice?
We can only speak for ourselves but in general we believe home buying companies have a good offering. If not, we would not be in this industry. There may be some less trustworthy companies that may let the seller down at the last minute but rest assured, when we commit to a purchase, we are ready to proceed. That’s how we help our customers to sell a home fast because we buy homes and provide quick cash for houses in Adelaide.
Do Home Buying Companies Only Offer Rock Bottom Prices?
The reality is when you work with a home buying company, you’re in control. It’s your decision from the start whether you are happy or willing to sell your property at the agreed price for your home.
At Sell My Home Today, we are ready to purchase properties and if you want to sell your home fast, we are here to help. With years of experience in the property market, we are familiar with properties throughout South Australia and we’re willing to make a legitimate offer for your property to give you the confidence to move forward with whatever your goals are.
Get In Touch – Get A Free Quote
If you want to sell your home today, settle quickly and don’t want to deal with all the headaches that come with selling your property which is a timely and costly exercise, then get in touch and ask for a free no obligation quote online, drop us a message or give us a call. We just need some details of your property, then we can give you an offer quickly, and if you’re happy with the price, we can move forward. It’s that easy.
Disclaimer: This blog article is provided by Sell My Home Today as general information and not advice. We are sharing information based on our general experience and not based on the readers personal circumstances. For those who are needing to sell their property quickly due to financial hardship or unforeseen circumstances, please seek financial advice from your trusted accountant or financial advisor who are aware of your full financial situation.