Selling your home and buying a new one can be a very difficult and expensive process. You need to hire a real estate agent, take lots of pictures of the house to advertise it, then keep showing potential buyers around in the hope that they will make an offer. You can get started on your preparations before buying a new house, but until you’ve sold your old one, you can’t move forward. Sometimes, you’ll get lucky and somebody will put an offer in right away. But most of the time, it takes a long time to sell your house and it’s incredibly stressful. The thing is, you could make life easier if you sold your home to a property developer instead. A property developer buys up properties and then renovates them with the aim of selling them on or renting them out. A lot of people don’t consider selling to a developer but there are actually a lot of great benefits. Here’s why you should think about selling your property to a property developer.
They Can Make A Quick Offer
When you sell to a developer, you don’t need to worry about showing them around multiple times while they decide if they want to make an offer or not. A successful developer like Armand Candea, for example, has the capital to make a quick offer on a house and developers won’t worry if the house isn’t in perfect condition because they are going to renovate it anyway. Often, there is a lot of back and forth on price and people struggle to make an offer because they are having financial difficulties. When you sell to a developer, you don’t have to worry about any of that and things are a lot more straightforward.
There Is No Chain
People don’t always think about the chain when they are buying and selling properties but it can cause a lot of problems. Say, for example, somebody puts an offer in on your home but then the buyer for their home pulls out, they’re likely to pull out of buying your home too. A developer isn’t waiting to sell a home before they can buy yours, so there is no risk of a failed sale because somebody further down the line pulled out.
You Can Part Exchange
When you sell to a developer, you may have the option to do a part exchange. If they are selling properties that you are interested in, you can sell your current home and pay the difference to move into a new home. Buying your new house from the same development company that you are selling your old one to makes the whole process so much quicker and easier. The price you get from your home may be slightly lower than market value but you will also make savings on real estate agent fees etc. and the whole buying and selling process will be a breeze, so it’s worth it.
If you are about to put your home on the market, you should definitely consider selling to a developer.
Great perspective! Selling to a developer isn’t talked about enough — quick and simple if you know what to expect. Love the balanced view of pros and cons.