In the world of legal representation, attorneys often find themselves in a unique position where they can play a pivotal role in helping their clients make important decisions. When it comes time to sell the family home, this role becomes even more significant. Many families turn to their trusted attorney for guidance on how to navigate the complex process of selling a property, and attorneys have a chance to be heroes to their clients by making the right choices on their behalf.
Here, we will explore how attorneys can provide their clients with valuable guidance and support during the sale of the family home, ensuring that the process is not only efficient but also maximizes the financial benefits for their clients. By referring their clients to the right resources, attorneys can truly become the unsung heroes of the home-selling process.
1. The Pitfalls of the Traditional Approach
Traditionally, when a family decides to sell their home, attorneys may opt for one of two routes: referring their clients to multiple real estate agents or suggesting a single agent, often a friend or acquaintance. While these approaches may seem reasonable at first glance, they come with their own set of drawbacks.
1.1 Multiple Agent Referrals
One approach that is sometimes taken is to provide the client with business cards for several real estate agents and let them make the decision. This protects the attorney from taking liability for making a bad referral. However, this method falls short in a few ways. Clients are relying on their attorney’s expertise, and being handed business cards without any specific recommendations doesn’t provide the guidance they need. Nor does it solidify the position of the attorney as a trusted advisor in the mind of the client. Moreover, referring multiple agents can be confusing and overwhelming for the client, leaving them in a position where they are unsure of which agent to choose.
1.2 Single Agent Referral
On the other hand, insisting on a single agent, especially one who may not typically service the area where the property is located, can prove detrimental to the family. Service quality often suffers when an agent is unfamiliar with a specific area, resulting in subpar performance and financial results. It is essential to understand that while an agent may have done an OK job in the past it doesn’t mean they are right for that specific property. We have seen numerous times where an attorney refers an agent they worked with who is 30, 40 or more miles away from the property. They show up, put a lockbox on the door, jam a sign in the yard, take a few cel phone photos and drop it in the MLS only to never return to the property until it’s sold. That’s poor service. Not all real estate agents are the same, and the choice of agent can significantly impact the outcome of the sale.
2. The Ethical Dilemma of Cash Buyer Referrals
Depending on the situation and need of the family, attorneys may feel compelled to expedite the sale process by referring their clients to a single cash buyer. While this may facilitate a quick sale, it comes with its own set of ethical concerns and potential financial implications for the family.
2.1 The Financial Consequences
When a single cash buyer is involved, the family could potentially lose tens or even hundreds of thousands of dollars in potential profits. Cash buyers always offer a lower price than the market value of the property, which is normal since they’re purchasing as an investment. It’s what investors do, buy low, sell high. The problem with this is that if the cash buyer was referred by the family attorney, the seller is assuming that the offer they receive is a fair offer. But, when cash buyers make offers and they know they don’t have any competition, they almost always offer even less, much less. Because the seller’s their primary goal is to secure a quick transaction they often times reluctantly accept the offer. This can have a severe impact on the family’s financial well-being, raising the question of whether such a referral is ethical or in the best interest of the family.
3. The Attorney’s Heroic Solution: Cash Buyer Networks
Given that often times the family home is in varying states of disrepair or outdated, a superior option for attorneys to consider is leveraging cash buyer networks like HybridHomeSales.com. These networks can prove to be a game-changer when it comes to selling the family home efficiently and profitably.
3.1 Exposure to a Broad Audience
The primary advantage of using a cash buyer network is that it exposes the property to a wide audience of genuine cash buyers, not wholesalers. These cash buyers are actively and eagerly seeking investment opportunities and are willing to pay a fair market price for a property. By presenting this option to the family, they can put the home in front of a larger pool of buyers, attorneys can help their clients chances of securing the best possible deal for their clients without worrying about a bad referral or taking on liability.
3.2 Competitive Bidding
Certain cash buyer networks like HybridHomeSales.com operate on a competitive bidding model, where potential buyers must outbid each other. This not only ensures that the property is sold at a price that reflects its true market value but also creates a sense of urgency that expedites the sales process. In many cases, properties are sold within just a couple of weeks, ensuring a quick and efficient resolution for the family.
Attorneys have a unique opportunity to be heroes to their clients when it comes time to sell the family home. Instead of opting for traditional approaches that may fall short of the client’s best interests, attorneys can turn to cash buyer networks like HybridHomeSales.com to maximize profits, expedite the sale, and ensure that the family’s financial well-being is protected. By making the right referrals and guiding their clients toward the best solutions, attorneys can become invaluable allies in the home-selling process, providing their clients with a service that truly makes a difference.
Some details about HybridHomeSales.com
Area served: Orange County, LA County, Riverside County, San Bernardino County, San Diego County
Cost: There is zero cost to the seller. All fees are paid for by the buyer.
Risk: Very minimal. Once the property is submitted to the network, bids are received for 3-7 days. If an acceptable offer is presented, the responsible party accepts and can close as soon as 10 days later. If no acceptable offer is obtained, there is no cost or further obligation and the seller may pursue other options.
Property Types: Any property in any state of disrepair or being outdated regardless of how little or much. The only properties this may not be suited to is properties that are in excellent condition already unless they are in serious need of an expedited sale.
Questions: Call Anthony Nitz directly. 714-900-2710