Looking to sell your house to a cash buyer and don't know where to find one? Are there really any cash buyers for your home out there? Well, yes, there are investors and companies that are all cash buyers that want to buy your house. In this short write up we will tell you how to sell your house to a cash buyer and a few other tips.
In a previous article "Who Will Buy My House For Cash?" we talked about whom usually buys your house for cash are real estate investors, either individuals or larger companies. On some occasions you will be able to find a cash buyer that isn't an investor and may be able to sell your home for more money, but these buyers are few and far between.
How To Find A Cash Buying Company For Your Home
Really it's not that hard finding someone to buy your house for cash, provided you live near a large Metropolitan area. In all large cities across the country there are companies that pay cash for homes, as well as outside the large cities into the suburbs where people tend to raise their families. Here are few ideas for finding a cash buyer in your area:
We would have to say that probably the best two ways of finding a cash buyer is to first ask friends and family if they know of an investor. If they don't then the next best option is to use the internet. By making use of the interweb you can gain a large list of buyers as well as being able to check their reviews and learn more about the company to make sure they are legit. More on making sure they are legit a little later on.
Now let's just touch on some of the pros of selling to a cash buyer -
Pros of Selling To A Cash Buyer
Selling to a cash buyer definitely has it's advantages, as outlined here:
Being able to sell your property in "as-is" condition is a huge plus for a lot of sellers. Most cash buying companies not only don't care about repairs that need to be made, but also if your house is a mess or not :) . Not having to clean for showings is great for a lot of Mom's and Dad's with a full schedule taking care of the children.
Also, when selling to a cash buyer you don't have to worry about "buyer mortgage contingency" where if the buyer can't get approved for a loan they can back out of the deal.
Lastly, another pro of selling to a cash buying home company is that you can avoid a lot of the usual costs and fees when selling the usual route (learn more about how much it can cost to sell your home here "How Much Does It Cost To Sell Your House").
Cons Of Selling To A Cash Buyer
The biggest draw back of selling to a cash buyer that is a real estate investment company is that you will get less money for your property versus selling the traditional route to a buyer that gets a mortgage. It's a give and take though, you aren't having to make repairs or even clean up the property. It's also important to note that they are a company and they are trying to make money.
With that being said there are some investors out there that will try to take advantage of you or worse, try and scam you out of money. Here is a great tip from the Balance:
Those are just 2 of the things that you need to watch out for when selling to a cash buyer. Unfortunately nowdays as with almost any other industry, there are people out there that are wanting to take advantage of other people. Their first piece of advice is really good, no company that wants to buy your house should ever ask for any kind of fee.
Here is a video that kind of sums everything up that we have just spoke about:
Summing It Up
If you were wondering how to sell your home to a cash buyer, the good news is that it's not that hard to do at all. It's easiest to search the web for reputable companies that pay cash. All you have to do is sit back and wait for the offers to come in.
You do however do need to make sure that whom ever you decide to sell your property to, they are a bona fide company that really can purchase your property for all cash. If someone wants a fee, move on to the next investor.
If you have a property in Acworth or anywhere in the Metro Atlanta area and are looking for a cash buyer for your house, contact us! We would love the opportunity to make you an all cash offer for your house, no matter it's size or condition. You can fill out a form on our website, or just call us at 770-756-8680 any time.
The previous blog post How To Sell Your House To A Cash Buyer was originally posted on MandichPropertyGroup.com. Find more at: Mandich Property Group - Investors The Buy Your House For Cash Blog
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