There are many reasons a buyer may need to sell their house quickly and for cash. Their house might need a ton of work, they are going through a divorce or foreclosure, maybe they inherited a home and don’t want it, or an even more common reason – they just don’t want to deal with listing their home and all the realtor fees.
Selling your Texas home fast for cash seems like an enticing offer, but how does “we buy houses for cash” really work? How do you make sure you aren’t getting scammed? Is it as good of a deal as it seems? Yes and no, depending on your situation.
Like I mentioned above, buyers have multiple reasons for needing to sell their house fast and a traditional listing doesn’t always make sense. You should always talk to a licensed real estate agent to discuss your options and make sure you are making an informed decision before you decide to go the “we buy homes for cash” route.
The great thing about selling your home to me though, or another licensed realtor® who is also a real estate investor, is that you’ll get a full market analysis of your home from a professional who knows the market and area. You can then compare selling the traditional way vs. selling quickly for cash and make the right decision for you and your family.
How does “we buy houses for cash” really work though? Here’s what you should know about selling your Texas house for cash.
WHO ARE THESE CASH BUYERS?
A cash buyer or company who buys houses for cash is basically a person or entity that buys your house outright for cash and doesn’t finance the purchase. The people who typically buy homes for cash are real estate investors, home flippers, or real estate developers.
WHY DO PEOPLE BUY HOMES FOR CASH?
A cash buyer can be a mix of all three different types of buyers and their goal is to invest in the home as a rental property, fix up the home quickly and sell for a profit (also known as “flipping), or knock down the house and develop the land for commercial reasons – such as a shopping center or restaurant.
WHY SHOULD YOU SELL YOUR HOME FOR CASH?
The majority of people who want to sell their home quickly and for cash are in a predicament where selling their home the traditional way doesn’t make sense financially. Either because the house is destroyed or there are major issues with the home – such as foundation or mold problems.
Listing their home on the market would mean they would have to pay to fix everything before a buyer could put in an offer and they either don’t have the money to do it or would put more money into fixing the house then they would be able to get out of it.
Other homeowners who want to sell their home quickly and for cash are in a time crunch and don’t want to deal with the hassle of listing. They could be going through a divorce, bankruptcy, foreclosure, relocation, or inherited a home they don’t want.
HOW TO SELL YOUR TEXAS HOME QUICKLY FOR CASH?
Every cash buyer or company is a little different in how they do things, but here at Alex Lee, Realtor®, I have streamlined this entire home-selling process to make everything as simple and straightforward as possible for you. We’ll start with a free no-obligation, in-person consultation and then in just 4 easy steps, you can sell your home fast for cash.
I VIEW YOUR HOME
At a time that’s convenient for you, I’ll stop by and take a quick look at your home to assess it’s current condition.
GET A GENEROUS TOP-DOLLAR OFFER
I’ll personally review my offer with you and let you know how it compares to the traditional realtor route, so you can make an informed decision.
Once you accept the purchase offer, we set a closing date that is convenient for you.
YOU GET PAID!
Celebrate how fast, easy, and convenient this whole process is with your big, fat check!
HOW SELLING YOUR HOME HOME FOR CASH COMPARES TO THE TRADITIONAL ROUTE
THE TRADITIONAL ROUTE
When you sell your home the traditional route, you typically have to consult with a real estate agent to determine what repairs you’ll need to do and what price you can list it at. Your house will then go on the market where there’s no guarantee how long it will sit before a buyer comes along.
In the meantime, while you’re waiting for an offer, you’ll have to keep your house clean and leave during showings. Once an offer comes through you’ll then go through the negotiation and inspection phase and then finally close and pay closing costs and realtor fees.
SELLING TO A CASH BUYER
You’ll avoid all the hassles of traditionally listing your home on the market when you sell it to an investor, like me. You’ll also save money on realtor fees and commissions. Closing dates are much quicker and you can move on to your next adventure.
HOW TO DECIDE WHICH OPTION IS BEST FOR YOU?
It’s important to take into consideration all of your options before selling your home. While selling outright to an investor might seem lucrative, there are some concessions you’ll have to be willing to make – like not getting a full market offer.
When selling the traditional route you may get a better offer, but you’ll spend a lot of time prepping your home, making expensive repairs, and pay closing costs and realtor fees. Plus there’s always the chance your buyer could fall through and you’ll have to relist your home.
Sometimes the hassle of listing isn’t worth the extra money, and sometimes it is.
I always give sellers a fair offer on their home but ultimately you’ll have to decide which route makes the most sense financially for you and your family.
Do you have a property you want to sell quickly for cash? Let’s chat!