Pros and cons of house-buying companies in Bend
When considering selling your Bend house to a house-buying company, it’s good to understand the pros and cons.
Pros of working with house-buying companies in Bend
A house-buying company in Bend offers speed and will buy your home as-is, regardless of condition, without needing repairs or preparations.
Fast closing: Cash buyers can close in as little as a week, offering a quick solution for homeowners in urgent situations.
No repairs needed: You can sell your home as-is, meaning no need to spend time or money on fixing it up.
Skip showings: Avoid the hassle of keeping your home show-ready or scheduling disruptive open houses.
Certainty of sale: Cash buyers typically don’t include contingencies, making the sale more certain and predictable.
Cons of working with house-buying companies in Bend
While a fast sale is appealing, the most significant downside is that a house-buying company will likely offer you below market value compared to selling with an experienced real estate agent.
Lower offer: Expect an offer that’s well below what you could receive by selling on the open market.
No room for negotiation: House-buying companies often present a take-it-or-leave-it offer, with little to no room for negotiating price.
Potential scams: There are some scams in the cash-buyer industry, so it’s important to vet companies carefully.
No agent expertise: You won’t have the market knowledge and negotiation skills of a real estate agent working on your behalf.
Before moving forward, it’s important to carefully consider both the pros and cons of selling to a house-buying company. Next, we’ll cover how to vet cash buyers and determine your home’s worth before you sell.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Vet cash buyers and know your home’s worth
When working with a We Buy Houses for Cash company in Bend, it’s essential to do your due diligence to ensure you’re working with a trustworthy buyer. Here are a few steps to vet the company and protect your interests:
Research reviews: Check online reviews and testimonials from past clients to gauge the company’s reputation and level of service.
Verify the company’s market presence: Look into how long the company has been operating and their track record in your area.
Read the agreement carefully: Ensure you understand the terms of the buying agreement and are comfortable with what you’re signing.
Check for red flags: Look out for unprofessional behavior or anything that raises concerns about the company’s integrity before you proceed.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then, compare your cash offer. HomeLight can connect you with a top-performing agent in your market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Bend home quickly
iBuyersiBuyers use automated valuation models (AVMs) to provide near-instant cash offers, often for homes in good condition. The iBuyer process is fast, with closings in a few days to two weeks. However, iBuyers like Opendoor and Offerpad typically charge 5%-6% in service fees.
Listing with an agentWhile using an agent takes longer, it can yield the highest selling price. Agents provide a comparative market analysis (CMA), which is often free, to help price your home. A top agent might even connect you with cash buyers. HomeLight can connect you with a proven agent today.
