Real estate has not been unaffected by the global Covid-19 pandemic — everyone is making some sort of adjustment to their plans leading to a bit of mad scrabble at times, whether you’re selling or buying a house. With most people’s stress levels already higher than average, selling a house right now can really put you over the top. Some people are choosing to sell their home directly in Hawaii because it solves that very basic need — reducing stress.
Time is of the Essence
Because direct buyers like Oahu Home Buyers typically close significantly faster than traditional retail Mom-and-Pop home buyers, more people are choosing to sell their homes directly in Hawaii during the Covid-19 pandemic. No matter if a property is listed with a realtor/agent or by the owner (FSBO), traditional home purchases usually require the buyer to get qualified by the banks, mortgage underwriting time, property inspection time, and then the buyer may not end up qualifying in the end (we are dealing with this right now on one of our beautiful luxury properties in Kaneohe).
All of these steps waste precious, costly time and in the end, a traditional listing carries no guarantee of when, or even if, your house will ever sell at all – you might never find that perfect buyer. The time to sell for many people in Hawaii is now, as more and more people are moving towards purchasing their own homes during the pandemic given historically low interest rates (even if it is harder to otherwise qualify).
If your need to sell is due to a relocation for work or personal reasons (probate, pay off taxes or other debt, avoid foreclosure, help with medical expenses for a loved one), unless you sell quickly, you might end up carrying the financial burden for two homes. In addition to the stress and expenses of holding two properties, you might be required to do a great deal of traveling or hire a caretaker for the property you have listed. No one ever said it was going to be easy (that is, if you haven’t yet spoken with us).
Showings Can Be Difficult
For many people, just the thought of dealing with the hassles of showing their property, either at open houses or in privately scheduled appointments, when it is listed on the market is extremely stressful. This reason alone is why more people are choosing to sell their homes directly in Hawaii during Covid-19. By selling directly to a company like Oahu Home Buyers, you can eliminate all of the frustrating phone calls asking if your house is available right now to show your home — after all, we’re not realtors.
When you sell your house in Hawaii directly to Oahu Home Buyers, you won’t have to worry about leaving your home in meticulously clean condition everyday before heading to work, just in case there is a showing while you’re gone. There is also no chance of the discomfort of possibly running into a buyer’s agent or their clients. When you work with us here at Oahu Home Buyers there will be no more buyers arguing with you over which furniture you’re taking and what you’re leaving because we’re the buyers. See how nicely that works for everyone?
People in Your House
One thing we have learned during the pandemic is that it is risky to have anyone outside our immediate family wandering about our home – it’s just not a risk most of us are willing to take. If you aren’t working with a real estate agent that has grown accustomed to the new steps for self-protection and is staying current with the latest guidelines, you will have to educate yourself on all of the necessary steps to protect yourself and your family and be certain you have strict management of visitors in your home at all times. This risk is why more people are choosing to sell their homes directly in Hawaii during Covid-19.
No Repairs Needed
Professional home buyers like Oahu Home Buyers in Hawaii usually do not require inspections which makes it a truly as-is transaction (we often get one at our expense so we can better tell our contractor what he has to do). As a house seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. Professional home buyers like Oahu Home Buyers, already know the state of the property, and they are willing to take on that risk, in turn, which makes the process even quicker. At Oahu Home Buyers 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 – no hidden surprises. This is another reason that more people are choosing to sell their homes directly in Hawaii during Covid-19.
Legal Risks
By working with Oahu Home Buyers, you will almost certainly have lessened exposure to any legal risks. You won’t have to worry about the buyer finding something you simply did not know about, and therefore didn’t disclose or suddenly discover something they don’t like about the home or the neighborhood. 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, or if they feel the facts were misconstrued. This is a big reason more people are choosing to sell their homes directly in Hawaii during Covid-19. We always advocate 100% honesty and transparency on disclosure and all other paperwork.
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 Oahu Home Buyers, we completely understand your concerns. At Oahu Home Buyers, 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 Oahu Home Buyers today at (808) 333-3677.