Have you ever considered using a real estate cash buyer when selling your home? If not, you may want to pay attention now.
While you often see cash buyer companies scrutinized online, realize that they serve an important purpose. Additionally, it’s important to note that not all cash buying agencies are “out to get you.”
In fact, there are times when using real estate cash buyers may be the best option. For some people, it might be the only option. Regardless, using a cash buyer could save you from a lot of unnecessary trouble down the road.
Keep reading to find out why using these types of companies might be your best option when selling your home.
Reasons to Consider Using Real Estate Cash Buyers
Deciding to use a cash buying agency doesn’t have to be because of an extreme situation. Sometimes, people would rather avoid the whole home selling process.
Let’s face it, selling a home through a realtor and waiting for the right buyer to come through can be an arduous ordeal. Then, you have to go through negotiations, inspections, appraisals, and more negotiations. Finally, once everyone’s agreed, you get a closing date.
However, after a final offer is accepted, you’re not out of the woods yet. In fact, it’s not uncommon for deals to fall through at the last minute, even days before closing. A sale can fall through for several reasons:
- The buyer’s finances fall through
- There’s a lien against your home that prevents you from selling it
- Your house appraises for less than the asking price
- You inspection uncovers big issues
- The buyers change their mind
Regardless of why a home sale falls through, sometimes it’s best to avoid the whole process. However, check out some other reasons why using cash buyers for an instant sale might be your best option.
1. You Inherited a Home
If you have inherited a home through the death of a friend or family member, you may have a huge responsibility on your hands. Whether it needs a lot of work, too much of your time, or is costing you too much money to keep under your name, you may need to get rid of it.
Using real estate cash buyers in this scenario could immediately relieve you of your burden. Most people have a hard time relinquishing possession of an inherited home because of personal feelings and attachments. However, holding onto the house may cause more problems than it’s worth.
2. You’re Getting a Divorce
Alternatively, people who use cash buyers often do so because they need to sell a home after a divorce.
Divorces can be messy, time-consuming, and emotionally trying on their own. Trying to sell a home in the middle of the process can make things ten times worse. Trying to agree on the minutia of the process may be impossible.
In this case, making a quick and easy sell to a real estate cash buyer could be the best solution for you and your ex-spouse. You may get a little less money than you want out of the home, but at least it’s one less thing on your plate.
3. You’re Facing a Foreclosure
Perhaps you need to sell your home because it’s going into foreclosure. In this case, you definitely don’t have the time or the money to sell your home.
Once you receive a foreclosure notice, you have a limited amount of time before your home goes up for public auction. Trying to sell the home conventionally, at this point, is an act in futility. Using cash home buyers could be your saving grace.
Personally, we can buy your home and have it closed within 7 to 10 days.
4. You Don’t Have Time to Sell the Home
Aside from facing a foreclosure, there may be other reasons you don’t have time to sell your home through conventional means. Perhaps you’re looking to place an offer on another home and can’t do so until your out from underneath this one.
Alternatively, you could be leaving the country for a long period of time, joining the military, or in need of cash. Either way, using a real estate cash buyer can get you out of your home as fast as possible.
5. You Don’t Have the Money to Fix Up the Home
Another reason many people choose to use cash buyers is that their home is in a state of disrepair.
Some people don’t have the time, finances, or inclination to fix up a home they intend to sell. While trying to sell a home as-is, your best option is a cash buyer.
Selling a home as-is will be a tedious process. Between the inspections, appraisals, and the buyer’s lenders, you may not be able to sell the home at all without significant work.
6. You’re Facing Bankruptcy
Almost all of us have faced hard times. If you’re in that position now, don’t feel bad, you’re not a failure. In fact, 80% of us in America live paycheck to paycheck.
That means that the majority of us, like you, could be a single financial upset away from facing bankruptcy. In this scenario, one of the best options for you may be to get out from under your giant house payment.
Most of us live right up to, if not over our means. Selling your home could save you from bankruptcy and get you back on your feet. Doing it with cash buyers could save you a lot of headaches.
7. You’re Being Relocated
Finally, even if everything is working perfectly in your life, there may be yet another reason why you would need to sell your home quickly.
For example, if you are being relocated for your job, it may be easier to sell your home immediately, rather than putting it on the market and relying on your friends, family, and realtor to look out for it.
Additionally, you don’t want to be paying for a house in a city you don’t even live in anymore. Houses can sometimes take 6 months or longer to sell. How long can you afford to pay two mortgages?
We Can Help
Regardless of why you’re looking to sell your home quick or hassle-free, you’re at the right place.
We are cash buyers who specialize in providing fair deals with ridiculous speed. Drop us a line and let us know what you’re thinking. We would love to help you!
