Pros and cons of selling to a New Berlin house-buying company
Trying to decide if you should sell your New Berlin home to a house-buying company? To help guide your thought process, here’s a quick breakdown of the most notable benefits and potential pitfalls of this approach:
Pros
- Sell fast: Cash sales in New Berlin can accelerate the home-selling process, often closing the deal in days or weeks as opposed to months.
- Skip repairs: House-buying companies generally buy homes as-is, freeing you from the headache of extensive or costly repairs.
- Easy process: These companies simplify the process by minimizing paperwork and complexities along the way.
- No staging or showings: There’s no need to worry about staging your home or preparing it for showings or open houses.
- Flexible move-out dates: Most New Berlin companies allow for flexible move-out dates that fit your individual timeline.
- No financing delays: Cash transactions eliminate the hassle of waiting for mortgage approvals.
- Reduced or no closing fees: Many house-buying companies will cover most or all of the closing costs, reducing your out-of-pocket costs.
- Sale is guaranteed: Once you accept a cash offer on your New Berlin home, the sale is practically guaranteed, lacking the contingencies that can delay or derail a traditional home sale.
- Can be a foreclosure solution: If you’re at risk of an impending foreclosure, a cash sale can offer a quick and easy solution.
- Less work than a FSBO sale: Selling to a cash buyer is a much less involved process than selling your home on your own.
- Peace of mind: Cash sales can alleviate stress and give you peace of mind about the timing.
Cons
- Lower offers: In most cases, you’ll receive less than market value for your New Berlin home.
- Less competition for your home: With a singular buyer, there’s no chance for bidding wars to drive up your final price.
- Can face hidden fees: Some companies may impose fees that aren’t immediately apparent, further reducing your profits.
- Not all companies are reputable: Beware of less-than-reputable companies that may be operating in New Berlin.
- A potential risk for scams: Do careful research and verify that you’re dealing with a legitimate buyer before proceeding.
- You give up control: The buyer typically sets the terms and conditions, leaving you with little say.
- No negotiations: Often, the initial offer is the final offer, meaning you lose your negotiating power.
Option 2: Hire a top New Berlin real estate agent
Even when the pressure is on to sell your house in New Berlin, partnering with a seasoned real estate agent can be a game-changer. A skilled agent possesses a fine-tuned understanding of the New Berlin housing market and its hyperlocal trends, steering you toward a more swift and successful sale.
Top-selling agent Jeremy Rynders is a member of Lifetime Realty Group, which sells properties more than 71% faster than the average team or agent in New Berlin. Below, Rynders emphasizes the benefits of working with a qualified real estate agent to sell your home.
“You’ll benefit from all the advice you’re going to get when looking through multiple offers, a pricing strategy, and then also the amount of exposure you’re going to get,” Rynders says. “There are a lot of buyers that are working with agents in our area. I would say 90% of buyers work with their own buyer’s agent, and they’re only going to look at houses that are listed.”
Next up, we’ll dive into the current market trends in New Berlin, the primary benefits of working with a real estate professional, and how to connect with a top-rated agent in your local neighborhood.
How fast are homes selling in New Berlin?
As of December 2024, the median days on market (DOM) in New Berlin is 34 days. The DOM represents the time between listing your house and receiving a signed contract. Once a home goes under contract, it typically takes another 44 days for buyers to finalize their purchase loan and officially close the process, bringing the total selling timeline to two and a half months.
Currently, the median home price in New Berlin is $426,200, while the inventory level hovers around 2.2 months. This indicates a healthy seller’s market in which homes are moving relatively quickly, and the level of housing demand outweighs the availability of new listings.
Here is a snapshot of current real estate conditions in New Berlin:
As of December 2024 | |
Days on market (average time from list to contract) | 34 days* |
Median home sale price | $426,200 |
List price vs. sale price | 100.1% |
Supply of inventory | 2.2 months |
Number of closed home sales year over year | -34.5% |
Population growth year over year | -0.18% |
*Does not include the typical 44 days a buyer needs to close on a purchase loan.
Data source(s): Estimates gathered from multiple New Berlin housing market data sources.
Benefits of selling with a top New Berlin agent
One of the most certain ways to achieve a quick home sale is through working with a top New Berlin real estate agent. They possess the honed knowledge and skills that can not only facilitate a faster sale, but also lock in a higher price for your property. Let’s explore some of the key benefits that can make collaborating with a seasoned agent in New Berlin a wise decision.
- Ability to sell for more: A seasoned agent can utilize their knowledge of the New Berlin market to help you set an ideal list price that both attracts buyers and heightens your returns.
- Can generate a speedy sale: Through their vast network and proven marketing strategies, a top agent can quickly connect with seriously interested buyers for your home.
- Accurate, effective pricing: With a keen understanding of market dynamics and pricing trends in New Berlin, an experienced agent can help you price your home competitively for a quick sale.
- Professional negotiation skills: Top agents have fine-tuned negotiation skills that can expedite the sale process and secure the best possible deal for you.
- Expert partner by your side: An experienced New Berlin agent can guide you through the selling process, answering your questions and easing any concerns along the way.
- Will know what to fix and not fix: A knowledgeable agent can advise you on which repairs or improvements will enhance your home’s value without without wasting time or expenses on unnecessary upgrades.
- Elevated marketing: A top New Berlin agent will use advanced marketing tactics, such as professional photography and social media promotion, to reach a broader audience in your market.
- Contract savviness: Seasoned agents are skilled at handling real estate contracts, ensuring all terms are beneficial and speeding up the closing process.
- Can manage documents and disclosures: Navigating the documents and disclosures can be overwhelming, especially for first-time sellers. A top New Berlin agent can manage these tasks for you, saving you valuable time.
- Network of skilled professionals: Well-connected agents often have a network of trusted New Berlin inspectors, contractors, and lawyers, ensuring that any essential tasks are dealt with in a timely manner.
Even if you are leaning toward requesting a cash offer for your New Berlin home, top professionals like Rynders recommend you consult with an agent first.
“You may give up a little time and energy, but as Realtors, we can really be a valuable resource, even if you end up going that cash offer route. Keep the agent option open. Why not get a better or more encompassing opinion on what the market would do for your house before making a decision?” he says.