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Many South Tampa homeowners are currently considering selling their home for cash to a home builder. A healthy housing market and the overall economic recovery in Tampa Bay has created the atmosphere where residential properties are in high demand among builders in 2017.
Homeowners are seeking the assistance of real estate agents, third party professionals, builders and home buying companies to quickly sell their home for cash to a local builder for teardown value. But which method is the best for a seller? Who should you contact when selling a home to a builder in South Tampa?
When homeowners put their house on the market, whether with the aid of Realtors or by themselves by declaring a For Sale By Owner (FSBO) status, they want to ensure they’re attracting the best buyers for their property. Potential buyers come in varying shapes and sizes: from individual buyers to investment companies, builders and other businesses.
Though the differences are stark between a single buyer and a builder interested in your home, both buyers have the ability to offer cash to sellers. There are several advantages and few disadvantages to accepting a cash offer from a builder for your home, but having the knowledge to discern between a decent offer and great one will give you the freedom to make the right decision for your property.
There are several benefits of accepting to accept selling your home for cash to a South Tampa builder; one of the most desirable advantages to homeowners is the simpler sale. Because builders typically pay cash home, sales are simple to complete with a closing 30-45 days from the initial offer due to the fact that there is no bank involved with the sale. Some builders and individual buyers with cash are able to accelerate the closing process to as little as seven to ten days. Other builders are flexible, offering up to 30 days after closing for the sellers to pack and move into their new home before demolition. At South Tampa Teardowns we help partner home sellers with the right builder who will give them a fair offer with a closing date and move out date that works best for the property owner. Closings in 7 days, or allowing for occupancy after closing are both practically unheard of when selling on the market or to buyers that need bank financing approval.
When you sell your house for cash to a builder, you’re effectively skipping the financing process most buyers must sift through prior to purchase. Communicating with a mortgage lender and acquiring a new loan prolongs the closing process by months. Within that time frame, homeowners can potentially spend thousands on the continual payment of property taxes, utilities, insurance, and possible mortgages. This time period is extended if the potential buyer is unsuccessful in obtaining a loan from one lender and must seek another. Also, closings can be delayed simply because a hurricane is in or around the Gulf of Mexico and insurance isn’t already bound by the buyer who needs the policy to get financing. With our pre-approved builders, who are cash buyers, sellers don’t worry about deals falling through or spending weeks waiting for lender approval.
Homeowners selling their house to one of our builder partners also receive the added benefit of working with experienced buyers. This experience often shortens a property’s time on market in numerous ways. The most obvious, builders eliminate the homeowner’s need for an interior inspection of the property. In addition, you won’t need to interview real estate agents, advertise your property, and conduct endless showings that can lead to months on the market before a potential buyer wants to make an offer for your lot, land, or teardown.
When you’re willing to sell your home, our builders are ready to buy your property and reduce your time on the market. Our builders know the market, and our sellers do as well because we regularly publish sale prices of lots and teardowns to South Tampa Builders. Experienced cash buyers and informed sellers can quickly negotiate a sale that is fair for all parties.
After selling over 70 lots to builders over since 2016 our team knows the entire selling process, from pricing to evaluating your lot for things like elevation, zoning, and trees. I have also personally helped a number of home sellers negotiate code enforcement liens with the City of Tampa and handle other situations such as unpaid property taxes or clouds on title. Often times we work with first-time home sellers, and our experience helps more of our contracts get to the closing table slashing weeks, if not months, off of the selling process!
Another major advantage to utilizing the services offered by South Tampa Teardowns and our builder partners when selling are saving both time and money. The selling process can be especially complex and time consuming when dealing with agents, photographers, surveyors, showings, security, and curious neighbors. When you go the For Sale By Owner route you will also have to advertise the property, take calls, and answer questions from both qualified and unqualified buyers.
When you work with South Tampa Teardowns, you’ll work with me, my name is Robert Wilson, I’m the Director of Dirt at EXIT Bayshore Realty, as a Realtor, I will treat you honestly and fairly… the builder will pay my commission, as well, as all of your closing costs… and when you sell to a builder there are no repairs to pay for or negotiate.
This can be significant savings, as other agents might charge you as much as 9% to sell your property… and you may still need to pay for repairs, owner’s title costs, doc stamps, document fees, and even closing costs for the buyer depending on the offer that you negotiate.
If you’re looking to sell your house to a builder, you can often attract buyers willing to skip many of the contingencies often associated with selling with to a typical buyer. These contingencies include asking for interior inspections, appraisals, or making major repairs to appease potential buyers. For older properties or fixer-uppers, this can consist of many costly cosmetic updates as well as home system replacements.
Realtors, at the request of their clients, often ask sellers perform these expensive actions despite agreeing to AS-IS terms. A builder that completes their due diligence and knows they can build a new home on your site at a profit is going to be eager to complete a sale as agreed without drama. I use my experience to complete as much of the builders due diligence as possible on the front end, and I’ll also let you know if issues such as trees, or elevation above sea level, might present a challenge.
With all the added advantages to selling with a cash buyer, you may be wondering, “What Do I have to Do to Sell My House to a Builder?” The answer is simple. Contact us at South Tampa Teardowns. With one quick survey or a phone call, you can be on the receiving end of a fair cash offer from a South Tampa Builder within the week! We have built our reputation in the market by being transparent about our process and prices in the market, and offering free selling advice to homeowners in need. If you’re interested in selling to a builder, let us help make your selling process a fast, convenient, and simple experience today!
If you’re considering selling your property to a South Tampa Builder, you won’t have to pay for commissions, repairs, or closing costs when you Call us at South Tampa Teardowns at 813-784-4199. My name is Rob, I’m an agent with EXIT Bayshore Realty and I’m here to help.