If you are looking to sell your home, chances are that you have seen the signs on the side of the road that make claims to buy houses now. Maybe you’ve been approached by a real estate investor who wishes to buy your home. The market has changed drastically over the last couple decades. More and more often homeowners are being approached by investors looking to purchase homes for cash.
If you are like most homeowners, this will be your first time dealing with an investor. There is always the risk of running into fraud, no matter what business you are dealing with. It is essential to make sure that you are not a victim of fraud, especially when you are dealing with your greatest asset, your home. Before doing any business with an investor make sure that you get their name and research them online. If you know anyone who has dealt with the investor in the past, talk with them for incite so you can filter out any bad eggs. Look the investor up with the Better Business Bureau, and ask your realtor to do some research on them also. It’s crucial to make sure that you are covering all your bases before making a decision.
One of the major benefits of selling your home to a cash buyer is that you will be able to sell your home in as-is condition. When you are putting your home on the market, your realtor will inform you that your home will need to be in showcase shape. Fresh coats of paint will be the least of your worries because you will also need to begin making any and all repairs that your home needs so that you can get top dollar for your home.
When you sell to a cash buyer, you will not have to worry about doing that. Cash buyers will not be able to negotiate the price of the house down because they are looking to purchase quickly. Since the purchaser will not have to worry about getting financing in place, having home inspections done, or getting an appraisal value done on the home, you can close the sale of the house much quicker. Some buyers are able to close on the sale of the house in as little as seven days because they can bypass these steps, meaning that you get your money much quicker with a cash sale over a traditional sale.
It is important to note that the cash buyer is very unlikely to pay market value for your home. Everyone knows that cash is king, and depending on how quickly you want to get out of your home you might find yourself more willing to take less than what the market value of your home is worth.
As with everything, there are pros and cons to selling your home to a cash buyer. If you are looking for a reputable company to purchase your home for cash check out 713-Property-Buyer and see what they have to offer you in regards to buying your home.