Can You Really Sell a House Quickly to Cash Home Buyers?
If you’re ready to sell a house and need to get rid of it quickly, you might be able to work with real estate cash buyers. They are in the business of buying homes quickly, usually for investments, rentals, flipping, and other means of profit. These buyers have cash in hand to buy homes. It is quicker and easier to work with them, and they are always buying homes for cash.
Someone who wants to sell their house quick may question if they can really get money from these cash buyers and if they purchase homes as quickly as advertised. The answer is yes, but consider some important tips for working with cash buyers.
1. Cash buyers are real estate investors.
These buyers have cash in hand. They buy houses for investment purposes, not to live in for themselves. Like any other business, they need to invest in new inventory in order to keep their business alive. You selling to investors works the same as selling your house to anyone else. Except, they have cash on hand and need to buy or their investments and their business become stagnant.
2. Your home still needs to be marketable.
Even though these cash buyers are investors and need to buy homes to keep their business running, they don’t want to buy homes that need excessive work. If you want to sell your house quick you need to make it as marketable as possible, even when working with a cash buyer. Making small repairs can increase the value of your home. A clean home is always more attractive, and is easier to sell. Remember, these cash investors have renters ready to rent, if the house shows well, you will receive a quicker offer and maybe for more money.
Presenting your house properly to cash buyers is important. They will consider its size and appearance when making an offer. Curb appeal may not be important to an owner, but it makes a difference to a buyer of any sort. Removing clutter from a home allows a buyer to see its full size and in turn, make a reasonable offer for the house.
3. The process of selling your home to cash buyer
The process is easy and can be very quick. Once you reach out to the interested buyer, they will perform their due diligence on the property and make an all cash offer. You should expect an offer within 48 hours. If you accept the offer, the buyer will open escrow with a title company, schedule an inspection for the home. Once inspection is done and there are no major issues beyond original discussion, the buyer can close right away. Usually the process can take anywhere from 3 – 45 days. This is much quicker than any conventional way of selling.
Keep these points in mind and you’ll be able to sell your house more readily and more quickly, and will get top dollar from a cash buyer!