Everyone hates to move, especially when you factor in all the frustrations that come with trying to sell your home. It takes time to hire a realtor, and deal with the people wandering through your home while you are out. Not to mention having to remove your pets for every showing. If you want to sell your home in the fastest, most stress-free way possible, we have a solution. Here are some of the benefits that come with selling to a cash home buyer.
This is How the Process Works
The process usually begins with a phone call. This allows the buyer to get some basic information about the property. They will then evaluate your local market to determine an offer price. After this, you’ll be contacted with an estimate of what the buyer may be able to pay for your home. The buyer will then follow up with a visit to the property at a convenient time to conduct an onsite evaluation. Following the analysis, the buyer will present you with an offer. When the offer is accepted the property will go into escrow and close on a predetermined date. This allows for more clarity and protects everyone’s best interests.
Why Sell to a Cash Buyer?
The simplicity makes selling to a cash home buyer appealing to many people, particularly those who are trying to get their house sold fast. Here are some more benefits:
- You won’t pay any commissions or fees When you sell your home to a cash buyer, you bypass the closing and realtor fees that come with a traditional sale. Therefore, less any outstanding mortgage, you keep the total amount of whatever the buyer offers you for your home.
- The Process Happens Much Faster The process of working with a cash home buyer is much faster than trying to do a traditional sale with a realtor. You don’t have to vacate at a moments notice for unscheduled showings, and, you don’t have to worry about loosing the deal because the bank denies a potential buyers mortgage at the last moment. Usually, within two weeks of reaching out to a cash buyer your home will be sold and you’ll have the money in your pocket.
- Deals Seldom Fall Through If you’ve ever sold a home before, you know how stressful it is to deal with a buyer who falls through at the last minute because they just decide they don’t want your house anymore. As long as you’re working with a credible cash buyer, you don’t have to worry about them pulling out of the deal at the last minute. Once the cash is in your hands, it’s yours.
- No Repairs Are Needed You don’t need to repair or deep clean anything to get your house ready for sale when you work with a cash buyer. These buyers take homes “as is,” and they really mean it. Buyers are not deterred by foreclosure, damage, or any other situation that can make a home hard to sell. If remodeling isn’t for you, selling it for cash is the way to go.
Where to Find a Cash Buyer
There are many places you can look to find a cash home buyer. Some of the most popular options are:
- Classifieds Lots of investors advertise online or in newspapers, so these are great places to start.
- Real estate agents Often, a realtor can put you in touch with a cash buyer. If you go this route, keep in mind you will pay them commission for their help.
Things to Watch Out For
In order to avoid working with a less-than-reputable company, keep these tips in mind:
- No upfront fees Don’t trust a buyer who asks for an “application fee” or any other kind of upfront payment. In the real estate business, it’s typical for payments to come at the end of the deal. Anyone asking for money upfront is probably not reputable.
- Research If the buyer is part of a real estate company, do some online research. Carefully review their website, read what others are saying about them. If there are negative reviews, it’s probably best to look elsewhere.
- Meet the buyer Be wary of buyers who don’t want to see the house. They should evaluate the house before giving you a final offer. Often, buyers who say they don’t need to see your house before buying it may not be credible.
- Have a telephone contact Avoid buyers who only communicate by email. It’s typical for conversations with potential buyers to take place initially over the phone.
Let’s Get Started
Now that you know the benefits of selling to a cash home buyer, it’s time to begin your own research. Keep our tips in mind and you’ll have no trouble getting cash quickly for your home. Be sure and check out Realty With Rich.