Maybe you can relate to this scenario: You have five postcards in your mailbox from folks who want to purchase your North Carolina house. And we’re one of those five.
Since this is our blog, you might expect us to say, “Choose us!” And you’d be correct. But we’d like to make the case for why you should go with us over the competition.
Because choosing the wrong buyer could be a costly and frustrating mistake.
For those of you in Raleigh, Durham, Wilson, or any of the other NC areas where we buy houses, here are a few things to ask yourself when picking a buyer.
Is the wholesaler or end buyer making the offer?
If you’re not familiar with the real estate market, you should know the difference between wholesalers and end buyers:
- Wholesalers purchase a house for someone else
- End buyers purchase a house for themselves
Many people who make offers on homes are wholesalers.
Some of these wholesalers will be upfront about this and the commission they earn. But others may pose as end buyers.
If you’re not sure if the person making the offer is a wholesaler or an end buyer, ask them about it. Or better yet, research them online to determine this.
If, after doing research, you can’t determine if they’re a wholesaler or an end buyer, you may want to look into choosing someone else.
And in case you’re wondering: We are the end buyer.
Why does it matter if a person is a wholesaler or an end buyer?
If you find out that the person making the offer is a wholesaler, they may not have a buyer lined up. Which means they must find a buyer. If they can’t, they’ll likely back out and either rescind the offer or change it so you get less cash.
This means that if you’re already making moving plans after getting an offer on your house, you could have the offer fall through.
To prevent this from happening, consider selling your house to an end buyer.
Are things changing once I get an offer?
Once we make an offer on a house, we won’t change it. We pride ourselves in being transparent. Meaning, we’ll do what we say we’ll do.
If you begin the sales process with a real estate agent or other homebuyer and find that the terms are constantly shifting, you may want to reconsider selling to them.
Am I being pressured into agreeing to an offer?
If the person trying to buy your house is trying to pressure you into making a deal with them, you may not want to sell to them.
Pushiness could be a sign of the person only having their best interests in mind.
With us, you’ll be given all the time you need to consider any offer we make. We don’t believe in being pushy when trying to make a sale.
It’s important to ask these questions if you’re planning to sell. Especially if you want to sell your house fast to a cash buyer.
Having an offer change and being pressured into selling your house are two warning signs to look out for.
Here’s the key takeaway: Sell your house to an end buyer who is transparent (like us). That way, you don’t have to worry about an offer changing or disappearing altogether.