Selling To Twin Cities Home Buyers vs. Listing With A Local Minnesota Agent
There’re differences between selling your home the traditional way through a realtor and selling to professional home buyers like Twin Cities Home Buyers. When the Minneapolis market is “right for sellers”, at first glance it makes sense to sell your house on the open market. However, without exploring all your options you could be making big mistakes.
This graph breaks down the options, lets take a look.
|Selling w/ An Agent||SOLD To Twin Cities Home Buyers, Inc.|
|Commissions / Fees:||6% on average is paid by you, the seller||NONE|
|Who Pays Closing Costs?:||2% on average is paid by you, the seller||NONE – We pay all costs|
|Inspection & Financing Contingency*:||Yes, up to 15% of sales fall through||NONE|
|Appraisal Needed:||Yes, sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||1 (Just Us)|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|
Who Really Benefits?
When you work with real estate agent you need to worry about paying out commissions and fees, closings costs and paying out even more money in repairs or inspection items that come up.
When you work with Twin Cities Home Buyers, you don’t have any commissions, fees or closing costs to pay. There’s nothing you need to pay out of pocket to sell your home to us. Ever!
If you list your house with a realtor, you have the disadvantages of:
- Lost time with days on market
- Additional money lost on repairs
- Numerous showings and insensitive buyers
With Twin Cities Home Buyers, you now have the upper hand. Your house isn’t on the market at all. In fact, you technically would have your house sold with one showing. You don’t have to worry about spending money on repairs, additional utility bills, property taxes or any other home expense. You’ll have your house sold on day 1 and potentially cash in hand on day 7.
As if that wasn’t enough to get you thinking of another selling option, what happens when you do receive an offer through your realtor? You now need to wait for the buyers to have a home inspection. This determines if there’re any repairs necessary before they can buy from you. These repairs could make or break the deal.
For example say the inspector said your breaker box needed to be updated from 60amp to 120amp. This could potentially be a $2500+ cost to you and add no additional value to your property as you need to do this to satisfy the offer of this current buyer.
If the inspector says the house is in good shape and the inspection is approved with no issues to remedy…you now need to wait for the financing to come through.
Most buyers use a lender to secure a loan and have a financial contingency on their offer. If for any reason the lender decides they won’t loan toward the house, the deal is off. This happens to 15% of all real estate deals.
Selling to Twin Cities Home Buyers
When you work with us, you don’t have either. We do our inspection at the initial offer meeting and we make all cash offers with no contingencies. No, we can’t pay retail prices for the house, but we are guaranteed to close on all of our deals. In 15 years and over 600 deals, we’ve never had a broken deal. That’s more than 600 happy home sellers.
Happy clients like the Larsons who inherited a house in Minneapolis they didn’t want and like most people didn’t have the time to sell on their own. When the Larsons first visited the house, they realized it was in such poor condition they wouldn’t have a way to sell it without paying for extensive repairs. They were tempted to leave the house and let the city claim it.
They started looking into other options knowing they wouldn’t be able to sell the house fast through a realtor. They didn’t want to pay commissions, fees or any of the repair and labor costs to bring the house up in value. They searched for a professional home buyer that buys homes in Minneapolis. They contacted Twin Cities Home Buyers to take a look at the house.
The Larsons said that, “After talking to Jason about the fears they had in selling to an investor, he put their mind at ease.” He explained how he came to the all cash offer he was presenting to them and how the closing in 7-10 days works if they accepted the offer. The Larsons accepted the offer.
According to Mrs. Larson “the whole complete process was stress free and Jason was very patient with their schedule.”
See how this can work for you…get a fair all-cash offer on your house today.
*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.
Here at Twin Cities Home Buyers, Inc. we don’t use bank financing so you don’t have to worry about our ability to close on a deal. Selling to Twin Cities Home Buyers is easy and guaranteed to close!