Real Estate Investors Says: “We Buy Houses Fast”
If you are a homeowner, you might wonder about how fast is “fast?” The answer? You can get rid of your mortgage payments and house for as fast as 7 days. Maybe less. Many homeowners have a lot of reasons why they want to sell their homes as soon as possible. These reasons can include relocations, divorce, medical emergencies or debt consolidation. If you are one of them, this can be a great time to look for companies which pay cash for houses.
You can get a lot of benefits when it comes to selling your homes to a real estate company or investor. You don’t have to wait for a long period of time compared to a traditional sale. Selling your house for cash can shorten your selling time significantly. You can move out in a space of one to two weeks instead of the customary seven to ten weeks with the traditional route. This is a lifesaver for anyone who is facing emergency relocation or bankruptcy.
While you may get the so-called “top line” pricing with an agent, this doesn’t mean that you will end up with more money in your pockets. After the sale, dealing with agent commissions, paper works and fees can be a headache to a seller.
Selling with an Agent vs. Selling with a Dependable Home Buyer
Selling Your House with an Agent
When you use the services of real estate agents, you have to pay their commission fees from your own pockets. On average, about 6% is paid by the sellers as commission fees to agents. The closing cost of about 2% is paid by the seller. Another 15% of the sales fall through financing and contingency. There is a need for an appraisal. The average days it would take to make the sale would be about 9 days. There will be a lot of showings depending on the number of inquiries per day. The closing date can take from 1 to 2 months after the seller accepts the buyer’s offer. The repairs can also be a burden to the seller if the buyer founds out that there is a need for them. You can find other reasons why selling your house to a cash buyer are a good idea with this link.
Selling Your House with a Real Estate Investor
You can opt out of the traditional route and sell your house to a dependable homebuyer. The transaction is direct. There will be no commission fees, closing costs, inspection and financing contingencies, and hidden fees. The real estate investor makes cash offer so the sale is immediate. The number of showings is just one. As a homeowner, you don’t have to pay for repairs. All the repairs will be shouldered by the real estate investor. You also get to choose your closing date.
When you see it from another perspective, you can see the benefits of selling your house for cash right away. The time that you will save is invaluable. You will have the cash to buy another property of your choice. You avoid paying utility bills, taxes, insurance, mortgage, you get the whole picture. If you bring your house to a listing, you will have an additional headache on how to pay for the costs during the time that you are waiting for it to sell.
About Inspection and Financing Contingency
Every buyer has a right to do a thorough inspection of the house before buying it. A buyer can back out of the sale or from the negotiated price if he or she found something that needs repair. Also, if the homeowner does not come into an agreement with the buyer, the buyer can back out of the sale anytime he wants. A financing contingency can occur if the buyer’s bank refuses to provide a loan to the buyer. If the value of your property does not meet the banks’ standards, the bank can cancel the loan anytime.
Additional Benefits of Property Cash
Getting a property cash sale can give you a lot of benefits. Websites such as Sell My House Easy Fast can provide you with more information and guide when you want to sell your house as soon as possible. You will have few problems with cold feet, and financing issues. The property will be sold as is. This means that you don’t have to renovate it which can save you a lot more. Some renovations can end up in disaster that no buyer wants it.
Be On the Lookout for your Interests
Once you have found a prospective buyer, ask for a proof of fund before doing any transaction. This can save your time tremendously. Keep in mind that you don’t have to provide a huge discount to cash buyers for any contingencies during appraisal and inspections. This will defeat the purpose of cash buying.
A cash sale will save you a lot of time, money and effort that you can’t find in a traditional sale. However, you might fall into a huge pitfall if you are not careful. If you don’t do your research carefully, you can be offered a price that is far less from your home’s value.
Other Reasons to Look for Cash Buyers
If you found your dream property and you have been given an ultimatum, a cash buyer is your best chance. The process of selling the property is smooth and quick. If you also experience reservations and the buyer doesn’t go through, you may be fed up with waiting. Another scenario can include moving to a new area in late August or early September. This can give enough time for kids to start school at the beginning of a term without any problems. Find other information why people are rushing to sell their homes here: https://www.thebalance.com/why-home-owners-sell-1799021.
As long as you are prepared to negotiate, research, and get a reputable real estate buyer, you will prevent a lot of pitfalls in the long run. Be prepared to negotiate the price if possible. Real estate investors who are willing to pay for your property in cash can make you enjoy speed, convenience, and less paperwork. You can unload your property in a stress-free manner.
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