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Nest Egg Offers

 

In several housing markets across the nation homeowners are being bombarded with solicitation from individuals, companies, investors, and real estate agency from various types of mediums stating we will buy your home. The question that we receive here is how legitimate are these groups and will they truly receive a good value for their home, well the answer is it depends.

For those of you who don’t know us, at Nest Egg Offers we are a service provided by the Nest Egg Firm. A full service real estate brokerage company, that specializes in procuring and facilitating cash transactions for homeowner

Now to answer that question you must identify what type of buyer you are interacting with. Knowing this will allow for you to recognize their object, save time and consuming an unnecessary amount of Tylenol! Below we’ve highlighted the different types of buyers so you can be better informed and navigate the waters a little more confidently.

Traditional Buyer:

Is a buyer that most homeowners will come into contact through listing their home with a real estate agent. This route will allow for a homeowner on average to receive the highest and best price for their home.

Pros
• The major pro with this type of buyer is “The MONEY”.
You normally will receive the highest price from a traditional buyer.
• No concern of an HOA blocking the transaction.
• Due diligence & earnest money provided

Cons

• Money spent on preparing your house to go on the market,
• Uncertainty of when an offer may come in
• Inconvenience of showings, potential loss of money during repair negotiations, potential financing issues from the, closings are generally 30 days or longer.

Direct Buyer (Offerpad, Redfin, Open Door, etc.)

These companies are well funded organizations therefore the chances of financing falling through isn’t much of a concern. The objective of these companies is to purchase real estate that can be resold at a higher price for a profit with a few small improvements.

Pros

• Quick close, No repairs,
• Offer price within market range
• Flexible closing date

Cons
• No representation for the seller
• No Competition for the buyer
• High Customer Service Fee / Service Charge (Ranging from 6 -10% of the sell price)

Paper Flipper (We Buy Any House)

My only recommendation here is to run and run FAST! These people/companies truly have no intent to purchase your home. Their only goal is to get your home under contract and be able to find a buyer they will purchase the contract from them along with covering their added consignment fee. In most cases the people working in this area are unlicensed professionals with limited resources to protect and help a homeowner to truly get the highest and best price for their home.

• Not Worth the Risk

Traditional Investor (House Flipper)

This is normally a mom and pop operations. The traditional house flipper goal is to purchase a home low enough that leaves sufficient room to conduct renovations and still sell for a profit.

Pros

• Quick Close & Generally a Cash Purchase
• No Brokerage or Service Fee
• Flexible closing date

Cons

• Offer price is generally much lower than marker value
• On the surface, can look like a paper flipper (must investigate)
• No one negotiating or looking out for the homeowner’s interest
• The contract is generally one sided protecting the buyer

Real Estate Investment Trust Companies

These organization are large and generally have shareholders. Their goal is to either add your home to their rental portfolio or package the real estate and sell via stock.

Pros

• Quick Close & All Cash Purchase
• Flexible Closing Date
• Offer price within market range

Cons

• No representation for the seller
• No Competition for the buyer
• Possible repair negotiations

The beautiful thing about Nest Egg Offers is they have created a non-traditional marketplace for investors to compete. This allows for homeowners not to compromise on price or protections. Homeowners become aware of all their options along with gaining the luxuries that come from a non-traditional buyer. To start the process of getting multiple cash offers for your home visit neseggoffer.com and answer a few short questions.