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5 Differences Between a Professional Home Buyer and a Traditional Home Buyer

November 23rd, 2022

So, you’ve decided to put your home on the market – how exciting! But you’re not sure if you’d like to sell your home to a professional or traditional home buyer. In fact, you’re not entirely sure of what the differences even are. Well, no worries because our team at Evergreen Home Buyers has compiled 5 differences between a professional home buyer and a traditional home buyer to help you make an informed decision when selling your home.

1. Cash Offer
One of the most significant differences between a professional home buyer and a traditional one is that a professional home buyer will bring a cash offer to the table. Of course, a traditional home buyer can also make a cash offer; however, you risk doing a transaction with someone who may have little to no experience in real estate. On the other hand, when you accept a cash offer from a professional home buyer, you know that you’re working with an experienced and established company that understands the ins and outs of the real estate industry.

2. Faster Closing Period
When you work with a professional home buyer, you can expect a faster closing period since they will have a better idea of the repairs and renovations needed off the hop and won’t require a home inspection that can uncover more issues. Traditional buyers will often be pickier with things like inspections and reviewing the property, resulting in a longer closing period. But, with a professional home buyer, the closing period can be as little as two weeks!

3. Investment Minded Transaction
Professional home buyers look at every property as an investment, while traditional home buyers will most likely purchase the home for personal use. Although you can argue that buying a home, in general, is an investment, you’ll find that professional home buyers are more investment minded. For example, they will overlook certain things because they know they will renovate the property, whereas many traditional home buyers will want the property to be move-in ready.

4. No Realtors Needed
A great benefit of working with a professional home buyer is that there are no realtors needed to complete the transaction, saving you money and eliminating the need for a middleman. Traditional home buyers will often hire a real estate agent to represent them, meaning you have to handle negotiations with both the buyer and agent and cover the agent’s commission. Professional home buyers will invest in the property directly – no agents necessary.

5. Client Vs. Seller Treatment
A final thing to consider is that when you choose to work with a professional home buying company, you are their client, meaning they care about your needs and the transaction’s outcome. On the flip side, with a traditional buyer, you are merely the seller, and it comes down to their best interests – not yours. A professional home buying team will want to make the business transaction as smooth as possible for you, while a traditional home buyer will be more concerned with their own needs.

Final Thoughts
Now that you’ve considered each point, it’s time to decide which route is best for you. As you can see, there are many benefits to working with a professional home buying company over a traditional seller, and if this is the path you decide on, our team at Evergreen Home Buyers is here to help.
At Evergreen Home Buyers, we will purchase your home AS IS, making the process entirely hands-off for you with no repairs, inspections, appraisals, or contingencies necessary. So, for a completely quick and painless way to sell your home for cash faster, visit today.

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