What are the Benefits of Selling to a Cash Home Buyer?

Jan 4, 2018

Moving is hard work, especially when you have to factor in all the frustrations that come with trying to sell your old house.

Who has time to hire a realtor, time the sale, and deal with strangers wandering through their home?

If you want to sell your home in the fastest, most stress-free way possible, we have a solution!

Read on to learn more about the benefits that come with selling to a cash home buyer.

How Does the Buying Process Work?

Whether you’re working with this real estate company in Jacksonville or one in Minneapolis, the process of selling to a cash home buyer is basically the same.

It usually begins with a phone call. This allows the buyer to get some basic information about the home. They’ll then do a little more research into the neighborhood to figure out an offer price.

After this, you’ll get a call with an estimate of what the buyer may be able to pay for your home. If you’re happy with the price, the buyer will probably plan a trip out to see the property.

Once the visit is complete, you’ll be able to move forward. Closings generally happen at an attorney’s office. This allows for more clarity and protects everyone’s best interests.

Why Sell to a Cash Home Buyer?

As you can see, the process is usually very straightforward. That simplicity makes selling to a cash home buyer appealing to a lot of people, especially those who are trying to get their house sold in a hurry.

Some other benefits that come with this approach include:

You Get All the Money from the Sale

When you sell your home to a cash buyer, you get to bypass all of the annoying closing and realtor fees that come with a traditional sale.

This means you get to keep the total amount of whatever the buyer offers you for your home!

Sales Happen Much Faster

The processing of selling to a cash home buyer is also much faster than trying to do a traditional sale with a realtor.

You don’t have to wait around for someone to take an interest in your home. And, you don’t have to worry about banks dragging their feet and preventing buyers from taking out a loan.

Usually, your home will be sold and you’ll have money in your pocket just a few days after you reached out to a potential buyer.

Sales are Less Likely to 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.

Sometimes, buyers find out they don’t qualify for a loan. Or, they just decide they don’t want your house anymore.

As long as you’re working with a credible cash home 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

There’s also no need to do any repairs or deep cleaning to prepare your home to sell when you work with a cash home buyer.

These buyers take homes “as is,” and they really mean it. Buyers aren’t deterred by damage, foreclosure, or any other situation that can make a home difficult to sell.

If you’re not willing or able to put in the time and money needed to fix up your home before a sale, selling it for cash is the way to go.

How to Find the Right Buyer

There are lots of places you can look to find a cash home buyer. Some of the most popular options include:

Classified Ads

Lots of investors post their contact information online or in newspaper ads, so these are great places to start.

Real Estate Agents

Sometimes, a realtor can put you in touch with a cash buyer. If you go this route, keep in mind you may have to pay them a small fee for their help.

Hard Money Lenders

Some cash buyers work with hard money lenders to get the cash they pay to sellers.

If you’re in touch with any of the lenders, they can probably connect you with a buyer. They’ll usually be happy to do this, too, because it also brings them more business.

Things to Watch Out For

As with any business, not every cash home buyer is a trustworthy individual. There are some scammers out there, and you should definitely be on the lookout for them during your search.

In order to avoid working with a less-than-reputable person, keep these tips in mind:

Don’t Pay Anything Up Front

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 up front is probably scamming you.

Research the Company Online

If the buyer is part of a real estate company, do some online research to check out the company’s Better Business Bureau rating.

If there are reports of negative reviews or disciplinary action taken against the company, it’s probably best to look elsewhere.

Be Wary of Buyers Who Don’t Want to See the House

Not always, but often, buyers who say they don’t need to see your house before buying it are scam artists.

They should want to evaluate the home before giving you an estimate, so proceed with caution if they’re not interested in this step.

Avoid Buyers Who Only Communicate by Email

It’s typical for conversations with potential buyers to take place over the phone.

If the buyer only communicates with you through email and doesn’t express any interest in actually seeing your home in person, this is another big red flag that they might not be credible.

Sell Your Home Today

Now that you know more about the benefits of selling to a cash home buyer, it’s time to start looking for the right one.

Keep our tips in mind and you’ll have no trouble getting cash quickly for your home.

Don’t forget to check out our real estate page to find the most recent ads from people looking to buy houses!

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