Telltale Signs to Sell House to Cash Home Buyer
If you want to sell your house as fast as possible, then contacting a cash home buyer company will always be a viable option. It doesn’t matter what your situation is, you’ll find that this is a viable solution. However, this is more a better fit for people who need to sell their house compared to those who just want to sell it.
People have various reasons why they are selling their house but few of the common reasons why they arrive to such decision include selling the house fast to avoid foreclosure or repossession, the need to get money fast for reasons such as debt repayment, complete house purchase fast, relocation, inheritance, probate, code violations, permit issues, bad tenants, save on realtor fees and house needs repairs.
Well basically, there are numerous benefits of opting to sell the house to such company like they can offer you a speedy transaction of buying the house, probably within a week; not subjected to issues that generally affect the sale and also, willing to buy the house in as-is condition.
Cash buyers do offer to buy your house fast. Most of the time, you can complete a sale within a week. Normally for a straightforward quick sale, these cash buyers are offering sellers around 65 to 85 percent of open market value. The open market value is simply the cost of the property that is expected to sell within half a year at the current market assuming that it’s in excellent and updated condition. As for the valuation, this is undertaken either by the company in person or hires an appraiser. Usually, this is less than the real estate agent’s asking price.
Here is a common scenario between the cash home buyers and sellers which can give you better understanding. So the real estate agent will advertise your house for a price of 150,000 dollars while the open market value is 140,000 dollars. Cash home buyer will be offering you 105,000 dollars. The offers are low yes. But most of the time, properties are sold on by them either via at auction or open market and still, at discounted price to market value to get a quick sale.
In addition to that, selling, financing costs and buying can be expensive. Cash buyers create a safety room for them especially for costs that fall between when they sell and buy. Keep in mind however that you should only consider doing quick sale to a cash buyer if its benefits have outweighed the pitfalls of selling it below the market value.
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