Have you seen the ads that say a service buys houses for cash? These ads are prevalent and come from real estate investors. You can reap the rewards of selling your home for cash, but you might wonder what to expect when selling a property for cash. Keep reading to learn three things to expect when selling to a company that pays cash for homes.
1. Your offer will be less than the market value
The first thing most homeowners wonder about is the offer amount. How much will a cash buyer offer for your property? The answer depends on your property, but there is one thing you should count on. The offer will be less than the market value. They won't pay you as much as a traditional buyer will pay. Traditional buyers purchase homes to live in, while cash buyers purchase them for investment purposes. Therefore, they must make a profit on the purchases. When you receive the offer, you can consider it before responding. You don't have to accept the offer they give you if you feel it's lower than you hoped to receive.
2. The buyer won't ask for anything
Secondly, you can expect the buyer to take the property as-is. In other words, the buyer won't ask for things from you. They won't ask you to repair a broken faucet or update an outdated kitchen. Instead, they'll take the house the way it is. The benefit of this is that you won't have to invest money into the house to sell it. You'll receive the full amount they offer.
3. You'll need to move out quickly
Finally, you should expect to close the deal quickly, which means you'll be moving fast. You might have only two to three weeks to move out from the offer date. So this means that you should instantly start packing your things after accepting the offer. Of course, the buyer might let you live there longer. But you must work out these details when you agree to accept their offer to ensure you have it in writing.
Contact a company that provides guaranteed cash offers
Do you want to learn about your home value to a cash buyer? If so, contact a cash buyer and ask for an offer. They'll give you an offer quickly, and you can review it to decide whether to accept it. Contact a company that extends cash offers for homes today to learn more about the process.Share