Real estate was significantly affected by the global pandemic. Not only did some sellers hunker down and take their home off the market, but other potential buyers were out of work and had to pull their offers. Considering that emotions were already high, the additional steps required to process a transaction became extremely overwhelming.
While the market has turned around, there are still some communities with high coronavirus numbers and protocols in place. We will explore why more people chose to sell their home directly in Sacramento during the height of Covid-19, and why they may continue to do so.
Time is of the Essence
Because direct buyers like California Family Homebuyers typically close faster than traditional home buyers, more people decided to sell their homes directly in Sacramento during Covid-19. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. All of these steps gobble up precious time and in the end, a traditional listing carries no guarantee of when, or if, your house will ever sell.
The time to sell is now, as more and more people are moving towards purchasing their own homes during the pandemic. If your need to sell is due to a relocation for work or personal reasons, unless you sell quickly, you will likely be carrying the financial burden for two homes. In addition to the stress and expenses of holding two properties, you will either be required to do a great deal of traveling or hire a caretaker for the property you have listed.
Showings Can Be Difficult
For many people, just the thought of dealing with showing their property is extremely stressful and can even be a nightmare — especially if someone in your household is at high risk for Covid-19 and you don’t want strangers coming in. This reason alone is why more people are choosing to sell their homes directly in Sacramento during Covid-19. By selling directly to a company like California Family Homebuyers, you can eliminate all of the frustrating phone calls asking if your house is available right now to show your home.
When you sell directly to California Family Homebuyers, you won’t have to worry about leaving your home spotless everyday before heading to work, just in case there is a showing while you’re gone. There is also no chance of running into a buyer’s agent or dealing with rude buyers who may not have a lot of tact when they ask you questions about your home. When you work with California Family Homebuyers, the process is streamlined and you can forget about showings altogether.
People in Your House
One thing we have learned during the pandemic is that it is risky to have multiple strangers from different households, coming into your home and wandering about. If you aren’t working with a real estate agent that has grown accustomed to the new steps for self-protection, you will have to educate yourself on all of the necessary steps and implement strict management of visitors in your home. Understandably, this can bring some anxiety to home sellers at a time when they are already dealing with a major life transition (moving is stressful!). Health risks are also causing more people to choose to sell their homes directly in Sacramento during Covid-19.
No Repairs Needed
Professional home buyers like California Family Homebuyers in Sacramento usually do not require inspections. As a seller, this means you do not have to worry about repairs before closing or any other sudden expenses. You won’t have to repair your roof or deal with old plumbing just to get an offer.
Professional home buyers like California Family Homebuyers, already know the state of the property, and they are willing to take on that risk. In turn, this makes the home selling process move swiftly. At California Family Homebuyers we work with you, laying out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. This is another reason that more people are choosing to sell their homes directly in Sacramento during Covid-19.
Legal Risks
By working with California Family Homebuyers, you will also have less exposure to any legal risks. You won’t have to worry about the buyer finding a problem after the closing that you didn’t know about or disclose, such as an issue with the water heater or a slab leak on the lower level. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they did not get all of the information they needed about the property, or if they feel the facts were misconstrued. This is a big reason more people are choosing to sell their homes directly in Sacramento during Covid-19.
While we can’t cover all of the reasons selling directly may be one of the best precautions you can take to protect yourself and your family here, at California Family Homebuyers, we completely understand your concerns. At California Family Homebuyers, we will stop and take the time to listen and we’re more than happy to answer any questions you may have. Please send us a message or call California Family Homebuyers today at (916) 907-6116.