The Pros and Cons of Selling your House to a ‘We Buy Houses’ Company

There may come a time, when you need to buy your house in a hurry. You can sell it in different ways. You can sell it to a ‘We Buy Houses’ company. As with every company, there are several pros and cons of this type of companies. I will write about those here. 

Your Options 

You will get three options when you try to sell your house. They are:

• You can work with a real estate agent. 
• You can sell your house yourself. 
• You can sell your house to a ‘We Buy Houses’ company. 

‘We Buy Houses’ Company 

A ‘We Buy Houses’ company will buy house from you. Then, they can hold onto the house as a rental property, fix it and sell it, or sell it to another company who will hold onto it as a rental property. 

Pros of ‘We Buy Houses’ Company

Here are the pros of ‘We Buy Houses’ company. 

Easy

Selling home in other ways requires a lot of works. You will need to spend time and money on a formal house sale listing. You will also need to clean-up, take photos for online listings, and have discussions with a realtor about the home. 

You will not need to do any of this if you use a ‘We Buy Houses’ company. In fact, you will not even need a realtor. This will also save you some money. 

Simple Decision Making

When selling house to such companies, you just have to make one decision: to sell or not to sell. You will not need to decide about making repairs or other such things. 

Save Time 

Selling a house is a lengthy process. It may even take years in some cases. The closing period also takes a few months time after the house sells. However, with ‘We Buy Houses’ company the sales will happen quickly. The closing will also finish within a few weeks. 

You can Sell the House in any Condition 

There is no need for any repairs or renovation. You can sell your house as it is to such companies. 

Cons of ‘We Buy Houses’ Company 

Like everything else, ‘We buy Houses’ companies also have their cons. They are described below. 

Lower Price 

This is the biggest drawback of such companies. You will get lower price than you would get if you work with a real estate agent. In fact, you will only get 50-75% of the house’s actual value. You will be paying for a fast and easy house sale. You will also not get help from a listing agent. Therefore, no one can help you to negotiate to increase the price. 

You Lose Control 

This type of companies looks for sellers who are desperate and need to sell their house in a hurry. Therefore, you will not have much control in the process. However, if you are not desperate and you can wait, you should not choose this way. 

Every system has its pros and cons. You should consider the pros and cons of ‘We Buy Houses’ companies, and decide yourself.