Cash for Homes: Are Those Offers Legit or Should You Think Twice About Them?
You’ve undoubtedly come across the advertisements that read “We’ll buy your home in cash” in bright, bold letters while driving along the highway or beside a gas station.
Seems too good to be true, right?… Wrong!
While each homeowner should carefully consider all their selling options, selling to a company offering cash can be a valuable avenue to take.
Below are reasons why selling to a cash for homes company can be the best decision for you and your family.
Cash for Homes: Why It Might Benefit Your Family
Cash for home buyers come in many different “shapes and sizes”, here are the separate kinds and which one might fit your situation best.
Welcome to the new wave of cash for home selling.
The term “iBuyers” refers to sites such as Zillow, Redfin, and Opendoor, that use the advances of technology to speed up the buying/selling process and give people an option outside of going through Real Estate agencies.
These “instant buyers” use a specified algorithm to consider what your house is worth, so that they can make you an offer.
Going this route will help you avoid the pesky home tours and having to spend time and effort sprucing up the place to show off.
The catch? There can be an uncomfortable distance in what you view your house is worth over what their math equation deems it to be, which may force you to settle for less.
Selling to a House Flipper
These guys are all about finding the best ROI for their efforts by buying cheap and selling high.
Because of that, they’re looking for homes with potential: such as those that are in poor condition, located in an up-and-coming neighborhood, or in the vicinity of city attractions.
This can help you on a few levels: for one, if you’ve realized that your home is in poor condition, house flippers see your home’s faults in a positive light. Secondly, you avoid having to make those fixes yourself to appease potential buyers.
If you’re looking to keep the moving costs to a minimum, selling to a house flipper can relieve you of the costs associated with prepping a home for sale!
The Infamous Home Investors
Similar to House flippers, Home Investors are searching for ROI opportunities, but mainly for renting out the homes they purchase and renovate.
These guys will also eliminate the need for you to fix your current home’s glaring weaknesses and quicken the sales process.
They also may be open to the idea of taking on any current payments or mortgages you have on the house you’re trying to sell. Find a home investor you can trust and go through all the options they can offer you.
Take the Weight off Your Shoulders
One of the most stressful parts of moving houses can be trying to sell your current place. Companies that offer cash for homes can help you eliminate that stress and frustration.
If you’re still looking for more information, be sure to check out a similar article outlining the 9 benefits of selling for cash.
For more inquiries and questions you may have, give us a call at 303-747-3900.