3 Types of Buyers You’ll Encounter During the Home Selling Process

Sometimes you need to kiss a few frogs to find a prince. Well, the same is true for selling a home. Although it usually takes longer to meet potential buyers face to face these days—if you do at all—your dealings and various interactions may ultimately make you feel a certain intimacy with these would-be owners … perhaps even more than you’d like. It pays, literally, to know what kind of person lurks behind the offer. So allow us to introduce you to the kinds of buyers you’ll encounter and how best to deal with them for optimum results!(1)

Different Types of Home Buyers

Here are three types of home buyers you’ll likely encounter when selling your home;

• First-time buyers
• Cash buyers
• Buyers in a chain



Let’s look at every buyer and what you should expect when you encounter them during the selling process; 

First Time Home Buyers

When you need to sell my house fast Milwaukee, know that it will attract first-time home buyers. These are persons living in their parents’ houses or rented apartments and want to own homes. Most of these buyers have saved money for years and have their finances in order before they start looking for a house. So there are high chances of closing the deal quickly. But before you conclude that they are ready to purchase your home, you should first find out if they are financially able to make the purchase. Also, confirm if indeed they are ready to move in sooner. 

You can get that information by talking with them, and where necessary asking for documents. For instance, you can check their tenancy contract to know if indeed they are ready to move out sooner. If they have a long-term fixed tenancy contract, know they may not be serious to close the deal. However, if their tenancy is coming to an end, know that they are serious to close the deal sooner. 



It is also important to ask a first-time buyer why they want to buy your house. Some have big reasons behind the move. For instance, if a buyer tells you that they want to buy a home because their family has outgrown their rented space, you expect them to complete the deal quickly. Others have got an inheritance from their parents and want to buy a home so that they can move out of their parent’s home. If a buyer gives you such reasons, know that they are ready to buy your home as quickly as possible. But don’t be too excited and confident to sell to a first-time buyer as they can change their mind at the last minute. 

Cash Buyers 

A cash buyer is a person, company, or investor with ready cash to buy your house. They don’t need financing or even to sell another property to get money to buy your home. If you want to sell my house fast in Milwaukee, you should consider selling it to a cash home buyer. The good thing about dealing with a cash home buyer Milwaukee is that you don’t need an agent to sell your home. You can transact with them without fear as it is simple and they will help you with the paperwork.

In addition, selling your home to a cash home buyer Milwaukee is convenient and fast. Appraisal, inspection, showings, staging, and home improvement are not necessary. The buyer will buy your home as is and will close the deal within a few days. They are flexible and the closing date is mainly dependent on your schedule. There are minimal chances of the deal collapsing as they have ready cash and can buy homes in any condition. They also buy homes with tax issues, inheritance disputes, and permit issues.

However, before you sell my Milwaukee house fast to a cash buyer, you need to research to identify trusted buyers. Why? It is easy to be scammed when you sell your house for cash. But when you research and identify a reputable cash home buyer, you can rest assured that the deal will be closed fast, and get your full payment at closure. 

Buyers in a Chain

A buyer in a chain is a person, investor, or company that wants to buy your property, but they must sell their home/property first so that they can buy yours. The chain can be short, where the buyer just needs to sell their home to a ready buyer and then come buy your property. The transaction is complex as it is dependent on the buyer. If they don’t find a buyer soon, that means you will have to wait for much longer for them to buy your home. 

You need to know that if the buyer is in a longer chain, maybe of ten, there is a high risk of delays or your deal collapsing. So you need to get as much information as possible about the chain to find out if there are high chances of closing the deal sooner or not. If you find the chain is short and facts show that the buyer will close other deals sooner and buy your home, it is worth waiting. But if you want to close the deal quickly, just sell the house to a cash home buyer Milwaukee.  

How Long Will It Take to Sell Your Home?

Selling a home can take a few days, weeks, or even months depending on the buyer you want to sell to. If you want to quickly sell your house and get your payment in full at closure, sell your home to a cash buyer.  The cash buyer can be a first-time home buyer, a house-buying company, or an investor with cash ready to buy your home. When you sell your house to a cash buyer, the deal is likely to be closed in just a few days. It is convenient and fast. 



If you decide to sell your home to a first-time buyer waiting for mortgage approval or a buyer in a chain, expect the selling process to be complicated and time-consuming. It can take weeks or even months to sell your home to such buyers. Surprisingly, the deal can collapse at the last minute in the event a mortgage loan is not approved (for the first-time buyer) or plans don’t go as expected for the buyer in a chain.

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