When it comes to selling a home in Rhode Island, homeowners often assume that hiring a local real estate agent is the only option available to them. However, there are alternatives to listing your RI home on the MLS worth considering – working with a direct buyer, an individual or company that purchases homes directly from the homeowner without the need for a real estate agent. Although unconventional, working with a direct buyer to sell your home in Rhode Island can be a better option than hiring a real estate agent in certain situations. In fact, the recent rise in mortgage rates has caused many Rhode Island Homeowners to work with direct buyers and field cash offers for their homes instead of working with a real estate agent…
Despite the list of potential benefits that come with selling your home to a direct buyer, there are a few misconceptions that homeowners have about exploring this option… In this article, we will debunk six of the most common misconceptions about selling to a direct buyer in Rhode Island to help you better understand if this is a useful strategy for your situation.
My name is Matt and I am the owner of Home Tree LLC based in Rhode Island. I’m a Realtor and investor and I buy homes in RI for flipping or renting…I also work with buyers and sellers all around Rhode Island and offer Rhody Homeowners multiple ways to sell their home which may save time, money and stress if you own a house in the Ocean State.
Misconception #1:
“A Direct Buyer in Rhode Island will only buy homes that are in perfect condition…”
Many Rhode Island homeowners believe that direct buyers are only interested in purchasing homes that are in perfect condition. However, reputable direct buyers are open to making cash offers for Rhode Island homes in any condition – some even specialize in purchasing homes that require significant repairs or updates.
At Home Tree LLC, I buy Rhode Island homes in any condition, if you are a Rhode Island homeowner facing foreclosure, bankruptcy, divorce, an inherited home, or are planning to relocate, consider giving me a call 401.684.3937 Even if you decide to work with another direct buyer or agent in Rhode Island, I can make you an all cash offer, pay your closing costs and close on your timeline…it would be well worth your time finding out what I can offer for your Rhode Island home. Call me today or fill out a form below to find out how much I can offer for your Rhode Island home.
Misconception #2:
“Selling to a direct buyer is less secure than working with a real estate agent…”
Most homeowners tend to believe that selling to a direct buyer is less secure than working with a real estate agent. For understandable reasons, home sellers are weary of their investment and fear being defrauded or scammed in one way or another. However, reputable direct buyers depend on their good reputation for continuing to do business and therefore are trustworthy and operate according to sound business ethics. The argument could even be made that working with a reputable direct buyer in Rhode Island can be more secure than working with a real estate agent as there are no middlemen involved in the transaction, thus giving you more control over the outcome.
At Home Tree, we buy Rhode Island houses directly from sellers and we use a local attorney or title company to ensure a smooth and legal transfer of title. In most cases we can make you an all-cash offer for your property in RI within 24 hours. If we reach an agreement, all necessary paperwork will be sent to the title company and escrow will be opened with an earnest money deposit. Our offer has no financing contingencies and we will buy your property in as-is condition, furthermore, we offer to pay all your closing costs which can save you time and money when trying to sell your home in Rhode Island. If you have further questions about selling your home to a direct buyer in Rhode Island, call Matt at Home Tree today and get the conversations started 401.684.3937
Misconception #3:
“Direct buyers only make lowball offers…”
Another common misconception about direct buyers is that they only make “lowball” offers. While there are some direct buyers who may make lower than expected offers, reputable direct buyers typically offer fair market value for a home, and sometimes even more than what a real estate agent could offer, as they can avoid the commission and fees associated with hiring an agent. Keep in mind that at Home Tree our offer takes into consideration your savings on not having to hire an agent, we also make offers based on the repairs needed to make the home ready for sale on the MLS…further we are going to pay your closing costs during escrow therefore all these savings for you must be taken into consideration when comparing our offer to the traditional method of listing with an agent. If you’re thinking about selling your home in Rhode Island and are trying to find out how much money you’ll make after the sale, I would be happy to walk you through the costs involved with selling directly compared to selling with a Realtor.
Misconception #4:
“Direct buyers are only interested in purchasing homes that are worth a lot of money…”
Homeowners sometimes assume that direct buyers (cash offers) are only interested in purchasing high-end homes worth a significant amount of money. However, reputable direct buyers are typically interested in purchasing homes of all values and in any area, from starter homes to luxury homes. For direct buyers, the potential for profit on the investment is more important to them than the actual value of the home.
I’ve worked with Rhode Island homeowners who need to sell for a variety of reasons whether if be due to foreclosure, divorce, relocation, or if you inherited a property in Rhode Island I can make you a cash offer and close on your home in a little as two weeks. Certain sellers need to sell my home in Rhode Island as quickly as possible, a traditional listing may not be right for you if you find yourself in this scenario. If you want a cash offer for your Rhode Island property, fill out the form below or call Matt at Home Tree to get your no obligation cash offer. 401.684.3937
Misconception #5:
“Direct buyers are not interested in working with homeowners who are facing foreclosure…”
Homeowners facing foreclosure may assume that direct buyers wouldn’t want to work with them due to being behind on mortgage payments. However, reputable direct buyers are often willing to work with homeowners facing foreclosure. Working with a reputable direct buyer can be a good option for homeowners facing foreclosure as it can help them avoid the negative consequences of a foreclosure on their credit report.
If you are facing foreclosure in Rhode Island or are behind on your mortgage payments call me today…I can walk you through how you can contact your bank and potentially receive a loan restructure, if this is not an option for you and you need to sell the property quickly I can also make you an all cash offer so we can pay off your mortgage balance and save your credit score from tanking. You may even walk away with cash on hand depending on the balance due…I am also able to make you an offer based on taking over the payments on your current mortgage and getting you current on payments. This type of creative deal can help Rhode Island sellers who otherwise would be foreclosed on by their bank. Call Matt at Home Tree today for more information 401.684.3937
Misconception #6:
“Working with a direct buyer is a complicated process…”
Finally, some homeowners assume that working with a direct buyer is a complicated process. However, working with a reputable direct buyer is truly a more straightforward and simple process than dealing with multiple realtors, open houses, and unplanned showings. The direct buyer will typically make an offer on the home based on its current condition and market value. If the homeowner accepts the offer, the sale can typically be completed within a matter of weeks. When selling to a direct buyer in Rhode Island you maintain control over the sale of your home rather than having offers and negotiations go through third parties.
Why Working With a Direct Buyer Can Be Better Than Hiring a Real Estate Agent in Rhode Island?
Now that I have cleared up some common misconceptions about working with a direct buyer, let’s explore why it can be a better option than hiring a real estate agent.
Firstly, working with a direct buyer can be faster and more efficient than hiring a real estate agent. There is no need to list the home on the market, schedule showings, or wait for potential buyers to make an offer. The direct buyer will typically make an offer on the home within a few days, and the sale can usually be completed within a few weeks. This is helpful for Rhode Islanders who need to sell their home quickly due to various reasons.
Secondly, working with a direct buyer can be more cost-effective than hiring a real estate agent. There are typically no commissions or fees associated with working with a direct buyer, which means that the homeowner can keep more of the proceeds from the sale of their home. Matt at Home Tree LLC in Rhode Island buys homes all around the state and pays all closing costs further saving you more money from the proceeds of the sale of your Rhode Island property.
Lastly, working with a direct buyer can be a good option for homeowners who need to sell their home quickly for any reason. A reputable direct buyer can help homeowners avoid the negative consequences of a foreclosure on their credit report and can provide a fast and easy solution for those who need to sell their home quickly due to divorce, bankruptcy, or an inherited property.
Selling to a reputable direct buyer can be an excellent alternative to hiring a real estate agent when selling a home. By dispelling some of the common misconceptions about working with a direct buyer, homeowners can make an informed decision about the best way to sell their property. If you have ahouse you need to sell, Matt at Home Tree LLC can help you find the best option for you situation. Reach out to us today to learn more! 401.684.3937