Selling Your House for Cash
Selling your home to an investor can be a good decision if you need your house sold as soon as possible (usually 30 days or under), you want to avoid doing repairs or maintenance, and you’re fine selling for less in exchange for ease and speed.
How It Works
First thing to do is find an investor. In most cities, there are real estate investors who purchase houses for cash. An investor will size up your house, assess its value, and offer you an amount that suits their buying criteria. Then you will review the offer and decide if it’s right for you. If it’s a deal for both parties, the investor will hire a title company to ready all necessary documents for the closing of the sale. You’ll be paid in cash quite fast!You’ll get your cash payment rather quickly!You’ll receive your cash pretty fast!
Speed of Transaction
Most real estate investors can make you an offer and close the sale within as short as a week and pay you in cash once you accept.
Reasons to Sell to an Investor
Selling to an investor means you can can get paid in cash in at least 7 days to a month. You need not pay any fees or commissions, and often, the investor will take care of all closing costs. Your home will be bought “as-is” as well, which means you don’t have to spend time and money for repairs or clean up, and you may not even have to remove your stuff.
Is This Good for You?Is This Suitable for You?Is This Wise for You?
If you are good with selling at a cheaper price (there are almost or totally zero costs for you anyway), you need to sell very fast (within days or weeks as opposed to months), or you just want none of the hassles of repairs or cleanups, then this is will likely work for you.
As mentioned previously, real estate investors will make a lower offer for your home. However, this is only reasonable because they will spend for all the costs of the sale – which you would otherwise pay for in a traditional transaction – even including repairs and renovation. That said, keep in mind that there are quite a number of rogue investors out there who may take advantage of sellers. Thus, you should do a bit of homework prior to taking an offer.
Research the prices of recently sold homes in your area. Remember these figures when the investor comes along and inspects your property. This can give you an extra edge during negotiations!This will give you a little more negotiating control!This should give you a little more negotiating advantage! Watch out for tricksters who might try to convince you to sell for less than necessary. No industry is spared.