Selling a house fast for cash is not as difficult as you think, but making sure you’re selling it for top dollar is another story. If you are looking to conveniently sell your home fast for cash you may try to solicit offers from different buyers. This will guarantee that the price you receive is fair for the convenience of selling your home fast for cash. There are a lot of different scenarios why someone would want to sell their home in a hurry for cash from inheriting real estate, to going through a divorce.
Let’s take a look at some of the most common advantages of selling your house for cash.
1. Yes, you can sell your house for cash
The term “cash buyer” is not entirely accurate, it is illegal in the United States to use physical cash to close a real estate deal. What it means is that, when somebody buys a house without any financing, they transfer funds electronically, with a cashier’s check to close the purchase.
There are two types of buyers that offer all-cash:
a. Individual buyers who are planning to live in the house to avoid paying interest on a loan, avoid paying closing costs and to have their offer become more attractive to sellers. Some people just want to live debt-free and want to purchase a home quickly without any hassle.
b. Real Estate Investors who purchase houses with cash to increase their cash flow, speed up the buying process and keep costs low. It gives them more control over the property.
2. Why The Need To Sell Your House For Cash?
You just might want to sell your house fast and hassle-free, rather than going through the long, extensive process of putting it out on the market, especially if you’ve inherited the home, or just went through a divorce. Another reason is that the property may not qualify for traditional financing.
3. Know What Your Home is Worth
Knowing the precise value of your home can be difficult because your house is worth as much as someone is willing to pay for it.
However, it is possible to know the range of how much your house is worth. It is common for home buying companies or real estate companies to have the system and capability to give you an estimate for the value of your house. You may also try to check different websites and might give back different amounts, but they can give you a ballpark of what the value generally is.
Real estate agents determine the value of your home through a comparative analysis. They find comparable houses that have sold recently in your area. You may also call them and give you more information on how this process works.
4. Selling Your Home “As-is”
When you fix issues before selling your home, it can improve the value of the home. It may take up more time to fix the issues and you will need the money before even selling it. That’s why many cash purchases by home buying companies involve the house being bough “as-is”. This means the buyer will purchase the home at its current state.
Even if you don’t have the responsibility to disclose known issues with your house, it is required that the seller answers the questions about the home truthfully.
Many sellers will fix big and small problems before listing a house on the market. They also work to make sure that their home is well-maintained to boost the curb appeal. And if your budget permits, sellers may hire home stagers to make the home as appealing as possible to potential buyers.
You can avoid the hassle and expense of fixing and staging your home for sale by selling “as-is”, but it will reflect in the purchase price of your home on the market.
5. Search For Your Options
You have a variety of places and platforms where you can look for cash buyers. You can market your home online, with locally trusted realtors, use of social media platforms such as Facebook or Instagram, listing your home on Craigslist or Classified Ads, attend real estate auctions, or seek referrals for potential buyers, or you can place a “for sale” sign on your property, or contact a home-buying company. If you are concerned with time, and wanted to sell your home fast, a home buying company is your best option.
6. Do Not Pay Any Up-Front Costs
Never pay any costs up-front even if the company feels legitimate as this is a common scam. You should never have to pay an application fee or apply for anything.
7. Do Your Research
Home Buying companies differ from one another. They have different offers and guarantees, and you may stumble upon some who will just take advantage of you. That’s why it is best to find a reputable company with years of experience and has good reviews from legitimate source. Ask friends and family for recommendations, and do an online research and check all their information to make sure that you are not going to a shady company. Good companies always have good reviews online that you can find, and you can even research for company profiles and their owners as well. With these information, you can make sure that you are going for the best company to sell your home.
While selling your home for cash isn’t always the best choice for some people, and you may find warnings online against it, you will still find yourself taking this option as it could be the best option for you to sell your home especially if you want to sell your home fast, and hassle-free.
Listing your home with an agent on the MLS might take some time and you can wait for months without getting an offer, and if time is of the essence, this can be a real issue.
If you are looking to sell your home fast for cash, and would like to have more information, call JZ Home Buyers at 817-382-3579 we will be happy to discuss with you how this can be the best home selling option for you. We can guarantee that you will have all the information you need, no-obligation at no cost.