Selling To Wisconsin House Buyers, LLC and Comparing Other Options

You’re probably here today because you liked the idea of removing all the complexity that comes with selling a home.  While a straight-forward cash offer and quick closing from us is certainly the simplest way to sell your home, the reality is that this will not always be the best option.  Let’s take a look at the options below so we make sure we arrive at a solution that works best for you.  If any of these options appeal to you more than the cash offer, explore your options further.  Feel free to contact us online or give us a call at (608) 721-5994 with any further inquiries or questions about each option.

Wisconsin House Buyers, LLC can help you directly with and specializes in the cash offer, seller financing, or joint venture options.  If you think a rental or selling with an agent is more advantageous, we can still help you out by providing some valuable resources to consider.  Don’t hesitate to reach out and inquire with us if that’s the case.

COMPARING SIDE BY SIDE

CASH OFFER

This is our bread and butter.  As you may already know from other pages or conversations with us, it involves none of the following: Cleaning, repairs, commissions, fees, realtors, repeated showings, and contingencies.  You can also close as quickly as one week from the time you received our offer.  It’s the simplest option and enables you to simply move on as quickly as possible.  Explore more about the cash offer benefits here.  You can also take a look at how we buy houses and understand the process more.

SELLER (OWNER) FINANCING

Also known as a “Land Contract” or “Contract for Deed.”  We find the easiest way to think about this is that you become the bank.  We acquire the deed from you and close on the property traditionally.  However, you do NOT receive one lump sum of the purchase price.  Instead, we collaborate to develop terms that make sense for both of us.  The agreement is set in stone with a mortgage placing you in a 1^st lien position and an Addendum or Promissory Note that describes the terms.

The terms discussed include, but are not limited to, the purchase price, down payment, interest rate, maturity date, payment schedule, how long before we can sell the property, etc.  This option is best utilized when you have 90-100% equity in the property.  This is because any remaining payments to the current mortgagor (normally the bank) need to be paid off in full.

Why might you want to consider this option?

• Defer taxes on the sale of property
• Short or long-term cash flow payments
• Higher purchase price
• All of the other benefits of our base cash offer program

JOINT VENTURE (JV)

A joint venture agreement is similar to a cash offer, only you maintain an interest in the property.  We would still purchase the property from you and close traditionally with a title company.  This agreement is set in place with a Promissory Note at the time of closing.  The Note provides the terms of the agreement which primarily define each of our responsibilities under the arrangement and how each of us benefits from an eventual sale and/or rental of the property.  While most customers simply want to put the property in the rearview, we will offer this as an option if the circumstances warrant.

Why might you want to consider this option?

• Keep a % of your interest in the property for a time
• Potential to receive an additional check after we sell the property

MAKE IT A RENTAL

Care to be a landlord?  This decision shouldn’t be made lightly.  It can be a lot of work depending on how you manage the property, but it can be a great way to provide you with some monthly cash flow and maintain equity in your property.  If you’re interested in this, follow up with the team.  We’ll help you evaluate some of your options and just give you some info and resources that might further assist your decision-making process.

Why might you want to consider this option?

• Tax benefits
• Ongoing cash flow
• Loan paydown

SELL WITH A REAL ESTATE AGENT

Yes, we know you’re probably inquiring with us because you want to bypass a real estate agent altogether.  We understand that feeling completely. We’ve already outlined the benefits of working with a cash buyer.  However, the reality is that selling with an agent will sometimes be your best option.  It will always require more work and some uncertainty in the selling process, but for those with price in mind and price only, a retail sale with an agent will likely net you more money in the end.  That’s the reality and we’re not afraid to say it.

Perhaps the biggest key is to find a GOOD real estate agent. Then listen to their advice on pricing, repairs, etc.  This will mean the difference between selling quickly for a great price and having the home sit for an extended period of time.  If you feel this will be a better option for you, that’s great.  Don’t be afraid to let us know.  Dan will be more than happy to further discuss this as an option with you and help you determine a good strategy.

That should give you enough to know the general direction you want to pursue.  If you think the cash offer, seller financing, or joint venture options are good ones for you, please fill the quick form out below to get started.

*We limit the contingencies in our offer and frequently eliminate them altogether.  We never have inspection (unless there’s a very specific detail of the property we need a 2nd opinion on) or financing contingencies in our offers.  An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similar, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.  Explore some of the reasons deals fall through due to these contingencies here.

Here at Wisconsin House Buyers, LLC we use cash and specialized lenders that enable us to close as quickly as possible and avoid all of the common pitfalls associated with selling your home.