What to Expect: Selling Your House to a Georgia Wholesaler
Are you thinking about selling your house to a Georgia wholesaler? Selling to a direct buyer is a little different than selling with an agent on the Multiple Listing Service (MLS).
When people need to sell their homes fast, it is becoming increasingly common to google the local Georgia wholesalers or investors. This ever-increasing industry of instant buyers (iBuyers) are becoming more popular. People don’t have time to sit around and wait for a real estate agent to bring a buyer to them.
Selling to a direct buyer is a great option for people in certain situations. But you need to know how this process works to know if it’s the right one for you.
You may be curious, but hesitant, about what exactly happens with these types of home sales. Let’s go over how this process works.
The Initial Meeting
When you contact a local Georgia wholesaler, they will ask a few questions about your house and your current situation regarding why you want to sell. They will see if you fit their specific criteria of what they are in the market for, but you should know that not all Wholesale companies are the same. If one does not qualify your house, call another. Once you find a company that is willing to work with you, they will come out to the house and do an initial inspection. This is to verify the condition of the property and to see what needs to be done moving forward.
The Timeframe
Instant house buyers in Middle Ga make their living by being fast. The process of buying your house will typically move much quicker than the traditional house buying process. Most Georgia wholesalers will close in 30 days or less. Wholesalers are cash buyers and have the process ironed out to get you paid quickly.
Even if you get an offer with a real estate agent in the first week, the process of selling your house on the MLS can still take two to three months. These buyers still have to have an appraisal, inspection, bank approval, and will negotiate over cost of repairs. Wholesalers do not have to jump through every single one of these hoops, so the process is less of a hassle for you.
What’s Expected of You
One of the main benefits in selling your house with a wholesaler in Middle Georgia is that you will not have to worry about repairs, maintenance, or cleaning up. They (or their buyer) will purchase your property As-Is. Speed and convenience are the top advantages of selling to a wholesaler. These are particularly nice for people with busy lives that cannot or do not have the time to do the cleanup and/or repairs that need to be done with traditional house listing/selling.
As the seller, very little is required of you when working with a property wholesaler. Most wholesalers will make an offer based on the comparable houses that have sold in your area recently in the same condition. Of course, selling your house to a wholesaler is similar to selling your car to CarMax. You’re not going to get bluebook value; they have to make a profit for their services. If you are more interested in making the most money on your house than getting the house sold quickly, this would not be the best option for you.
Once you accept an offer, the rest is just waiting. The wholesaler will bring in his buyer to finish the process at the closing table, (if they don’t buy the house themselves, which many do) and your house is sold.
What You Should Expect from the Wholesaler
Georgia Wholesalers make offers on houses to buy in a timely manner. With that, you should expect the sale of your house to move quickly. Your wholesaler should be able to explain the entire process to you or have a real estate attorney that can explain how it works.
The wholesaler you are working with should provide transparent numbers to explain how they came up with their final offer. Once you accept the offer, you should expect your wholesaler to keep you informed of everything that is happening. You should not feel like you are in the dark about what is going on or that something is unclear about the process.
Expect Some Flexibility
The job of a Georgia wholesaler is to buy your house as fast as possible. This sometimes require creative thinking to complete the transaction. The wholesaler you are working with may make an offer that is different than what you expected or a little unconventional. Don’t panic. Be open minded. If you don’t understand the offer, ask questions and run the offer by an experienced real estate attorney.
When you are ready to talk to an instant buyer, contact us to buy your Middle GA house fast.