Selling your house for cash can mean a hassle-free experience. As real estate investors, we have access to various sources of highly liquid funds, including our own cash (literally, cash in the bank), private money, and hard money. You can learn more about different ways investors fund our deals by clicking here. For now, suffice to say that when you sell your house for cash, you’re bypassing traditional buyers who use conventional financing from banks and other similar institutions. And that often means a quicker, smoother process that offers the added flexibility to close when it’s convenient for you.
Q: What the heck do you mean: “We Buy Houses Cash?”
Answer: You won’t be walking away from this deal with dollar bills. 😊 Rather, the funds we use to purchase your house are easily and readily available to us—similar to cash. Unlike traditional real estate transactions where you list your house with a Realtor on the MLS.
You’ve heard the phrase too many cooks in the kitchen, right? That’s essentially what happens when you list with an real estate agent. Sure, bank loans are great. For the buyer. But for the homeowner it means a lot of hoping, waiting, and praying.
- Does the buyer even qualify for this purchase?
- Will their mortgage be approved?
- Will my house appraise?
- What will the inspection report show?
Selling your house to a real estate investor for cash means can mean bypassing financing contingencies, and other types of contingencies that commonly get in the way of closing a sale. In fact, you can often avoid agents, brokers, banks, inspectors, and appraisers altogether by dealing with a reputable and experienced investor. Plus, you deal directly with the investors, from start to finish. Far fewer people involved = less time, less hassle, & more cash in the homeowner’s pocket.
Q: Why sell to a real estate investor?
Answer: Your house may need repairs, have outdated mechanicals, a leaking roof, or foundation problems. Perhaps you don’t want—or cannot afford–to spend the time or money to fix them. You may be facing foreclosure, behind on taxes, have an elderly family member who cannot live on his/her own any longer, or inherited an unwanted property.
Perhaps you don’t want to pay broker fees and commissions, or have to clean out the mess that’s accumulated over the years. And especially in today’s world, post-pandemic, many homeowners are still leary of having strangers walk through their house. There are a multitude of reasons a seller might choose to sell to an investor. Each situation is unique, and it’s important that you find someone who listens, and whose background and experience are relevant to your needs.
Q: What are the pros of selling to an investor for cash?
Answer: We offer a better, faster, & easier way. Plain and simple! No Realtors, fees, or commissions. No need to clean or repair a single thing. (We handle all of that!) No walkthroughs or being listed publicly on the MLS. No financing contingencies or lowball offers. Did You Know: Lowball offers are one of homeowner’s biggest fears with investors? We don’t play that game. 🙂
We don’t want to waste anyone’s time, so it’s important that we do our best due diligence and present a fair, strong offer from the get-go. We present a quick offer–usually within 24 hours of seeing the property, and sometimes sight unseen! And, if you accept, we can close on your terms and timeline. This means as little as 2 weeks. Or, if you need more time to wrap up loose ends, we can extend the closing to a date that fits your needs.
Q: What tips & caveats would you offer a homeowner needing to sell their house fast?
Answer: BE INFORMED! You don’t have to be an expert on buying & selling houses! But it’s a good idea to have a ballpark number in mind before you accept any offer. How much would you like for your house? Remember, websites like Zillow, Realtor.com, and Redfin can be helpful in estimating values but they are not perfect. They show what houses have actually sold for. But they don’t account for the true condition of your house, repairs needed, etc.
Answer: VET YOUR CASH BUYER. Make sure whoever you decide to work with is who they say they are. The internet is a great place to find almost anything. Start by Googling: “Name of Company/Person” offering to buy your house and see how they ‘pop up’ online. Ask for referrals from past homeowners they’ve worked with. People who’ve had a good experience are typically delighted to share their experiences. Check out the cash buyer’s website, read Google reviews, and look for them on Facebook or Instagram or LinkedIn. Some research on the front end can go a long way, saving you time, money, and frustration down the road.