If you’re trying to sell your house fast, you may be wondering if a cash buyer is a good option. Here are some reasons why you might want to sell your house to a cash buyer (aka: professional home buyer or real estate investor) instead of listing it with a real estate agent:
-You’re dealing with financial hardship and need to sell quickly
-You house needs major and/or expensive repairs that need to be done before you can sell
-You need to relocate quickly and selling your house is the best way to free up the necessary funds
If any of these apply to you, then working with a professional home buyer may be the right decision to sell your house fast.
When you’re looking to sell your house, it’s important to know your options. And if you’re not familiar with selling to a cash buyer, there may be some challenges you face along the way. Here are some of the most common fears people have when trying to sell their house fast to an investor:
-Not knowing how much your house is worth and wanting to be treated with fairness
-Lacking the time and energy to market your house effectively and not knowing how to find a home buyer
-Dealing with complex paperwork and legal processes and the fees associated with real estate transactions
If you’re facing any of these fears, working with a professional home buyer can help you navigate the process smoothly and keep more money in your pocket.
We understand that selling a house can be a daunting task, especially if you need to do it quickly. But don’t worry, we’re here to help. In this article, we will outline the steps you need to take in order to make the process as smooth and stress-free as possible.
Can I Sell My House Fast To An Cash Buyer? Is That Right For Me?
The process of selling a house can be long and complicated, and it’s important to make sure you’re making the right decision before you take any action. One of the most important steps in this process is determining whether selling your house fast to an investor is the right decision for you.
There are a few factors you should consider before making this decision, most commonly your reason for selling. Are you selling due to financial hardship, the need to make repairs, or the desire to relocate quickly? If so, then a professional home buyer might be your best option.
What to Look for in Cash Buyers If I Need to Sell My House Fast
Once you’ve decided that selling your house fast to an investor is the right choice for you, it’s time to start looking for a reputable buyer who can help make this process as smooth and stress-free as possible. When researching potential buyers, there are a few things you should keep in mind:
-Their level of experience and reputation in the real estate industry
-How quickly and easily you can get in touch with them to discuss your property
-The timeline for closing on your property and getting paid
By doing your due diligence when researching professional home buyers, you’ll be able to find a reputable company that can help make selling your house fast a stress-free experience.
How to Work With a Cash Buyer To Sell My House Fast
Once you’ve chosen a home buyer to work with, the next step is to contact them and get a cash offer for your property. This involves providing some basic information about your house, including:
-The location of the property and any nearby amenities
-The current condition of the property including accurate details about any deferred maintenance
-Some details about why you’re selling your house (you’d be surprised at some of the solutions professional home buyers can provide)
Why Selling to an Investor Is Faster Than A Traditional MLS Listing From A Real Estate Agent
If you’ve ever sold a home with a real estate agent through the MLS listing process, you know that it can be a long and complicated journey – one filled with paperwork, underwriting processes, marketing efforts, and loads of fees typically 8%-10% or more of the final sale price. But when you sell directly to a professional home buyer, there are no commission fees or other associated costs. This means that your property will likely sell faster than if you were to list it on the MLS, and you’ll be able to keep more of the final sale price in your pocket.
If I Want To Sell My House Fast, How Can I Contact Cash Buyers To Get a Cash Offer
To find a professional home buyer, start by doing some research online to learn more about the companies in your area. Look for things like their level of experience and reputation, how quickly and easily you can get in touch with them to discuss your home, and the timeline for closing on your property.
How to find a local cash home buyers online
Check out some of the most popular online directories such as Google Maps, Yelp, or Angie’s List. You can also do a quick search for “cash home buyers” or even “sell my house fast” in your city or county to see a list of companies that operate in your area. Typically there will be a few options and all professional home buyers will be easy to get in touch with and responsive. After all, you’re helping each other!
Once you’ve found a few companies, reach out and ask for a cash offer. Most cash home buyers are happy to provide this quickly over the phone or via email so that you can get an idea of how much they’re willing to pay and what their timeline is for closing on your property.
Sometimes professional home buyers need to see your house, but often photos or descriptions are all that they’ll need. It may come as a surprise to you that many professional home buyers will get more excited about houses that need quite a bit of work. Once they’ve presented an offer, the ball is in your court. If you want to accept their offer, call or email them and they’ll put together the appropriate paperwork. Most professional home buyers will let you choose when you’d like to close, giving you time and flexibility to move (or whatever the case may be).
Choose a closing date and collect your payment
Once you’ve accepted an offer from a cash home buyer, you’ll need to work with them to choose a date that’s convenient for you to close on the property. Most cash buyers are happy to work with you on this and will be flexible to ensure that the process is as smooth as possible for you.
At closing, which typically takes place at a lawyer’s office or a Title company’s office, you’ll typically sign over the deed to the property and collect your payment. It’s that easy! And because there are no real estate commissions or other associated fees, you’ll keep more money than a traditional transaction.
What to expect at closing
When you sell your house to a professional home buyer, you can expect the closing process to be much simpler and quicker than a traditional real estate transaction. Typically, all that’s required is for you to sign over the deed to the property and collect your payment. In some cases, you may also need to provide the home buyer with a copy of a recent utility bill.
Once the deed is signed and the payment is collected, the process for you is complete! You’ll have no further obligations to the property and you’re free to move on with your life. The entire process typically takes less than 30 days and quite often can happen in as few as 7 days. Compare that to a traditional MLS listing in New York where the process can take 90 days or more from beginning to end. If you need to sell your house fast, selling to a cash home buyer may be the right path for you!
Selling your house quickly to a professional home buyer can be a great solution in times of financial hardship, when you need to relocate quickly, or when you have repairs that need to be taken care of. In this article, we outlined the steps you’ll need to take in order to find and work with a reputable cash home buyer. We also talked about what to expect at closing. By following these simple tips, you can sell your house fast and stress-free.
Q: What is a cash home buyer?
A: A cash home buyer is a person or company that buys houses directly from sellers, in exchange for cash. This type of transaction is often used when the seller needs to sell quickly and doesn’t want to go through the hassle (and expense) of working with a real estate agent and traditional MLS listing. These people or companies are also referred to as professional home buyer or real estate investor. If you google the phrase “sell my house fast” you’ll most likely find a handful of professional buyers in your local market.
Q: What should my asking price be for my house?
A: In many cases, your potential buyers will ask you how much you’d like to receive as a cash offer. It’s important to remember that their cash offer will be based on a model they use that looks at the cost to invest in updates for the house, the amount of time it may take to complete those updates, and something called ARV or after repair value, which is the amount your buyer will try to sell the house for once their updates on the home are completed.
Q: How do I find a professional home buyer?
A: There are a few ways to find professional home buyers in your area. You can check online using searches like “cash home buyers,” “professional home buyers,” or “sell my house for cash” followed by your city and state. You can also ask for recommendations from friends or family members who have recently sold their homes.
Q: How long does it take to sell my house to an investor?
A: The entire process from cash offer to closing typically takes less than 30 days and in many cases can happen in as little as 7 to 14 days.
Q: How quickly can I expect to receive payment for my property after signing over the deed?
A: Most cash buyers will pay you immediately at closing, which can happen as quickly as 7-14 days after you agree to sell. This speed and convenience make selling your house fast to a professional home buyer an attractive option in many situations.
Q: If I need to sell my house fast, why is working with a real estate agent a bad idea?
A: Working with an agent is not a bad idea for most people. In fact, real estate agents are required to go through an intensive licensing process and must follow strict fiduciary responsibilities for their clients. For most retail home buying and selling experiences working with real estate agents is a good idea. That said, there are many circumstances where agents and the MLS just aren’t the best fit. In addition, if speed and timing are crucial, the process in many states can take 90 days or more from beginning to end, which is a long time to wait! So if you’re thinking “I truly need to sell my house fast” then consider working with a professional home buyer.
Q: Can’t I get a cash offer if I’m working with a real estate agent?
A: Absolutely, yes! The difference between a traditional transaction on the multiple listing service (MLS) with a real estate agent and a direct transaction with a professional buyer is the speed at which those two transactions can offer and the costs that sellers pay for each. An MLS transaction is typically much slower and will cost the seller 8% – 10% or more of the sale price in commissions and other fees. A direct sale to an investor can happen very quickly, in as little as 7 days, and the seller typically pays no fees, no commissions, and has no responsibility to make repairs to the property. Every local real estate market is different, but if you want to sell fast, working with an investor is worth consideration.
Q: Do I pay a commission to real estate agents when I sell to an investor?
A: No, you pay no commission at all. There are typically no real estate agents involved in a direct cash sale to an investor.
Q: Do I need to have open houses when I sell directly to a professional home buyer?
A: Absolutely not! No open houses are needed, because you’re already working with the buyer, not the buyer’s agent, to sell fast!
Q: Will repairs help me sell my house fast?
A: If you’re working with an experienced real estate agent on the MLS, then repairs will increase the market value of your home. On the MLS a higher market value may mean higher offers, especially in a hot market. However, if your selling strategy is to sell fast to an investor repairs are not necessary. In some cases, repairs may make your house less appealing to investors who want to make their own updates to the property.
Q: Do I have to sell my house on my local MLS with a real estate agent?
A: No you don’t. You may choose a traditional sale, and many do because it’s best for their situation. Other options include FSBO sales and direct sale to an investor to make your house sell faster. The home sale process differs depending on which you choose. In some cases, such as probate, foreclosure, or short sale there are some additional legal requirements depending on your state.
Q: Do professional home buyers (investors) need real estate licenses?
A: No, they typically do not need a license although some do pursue their salesperson or real estate brokerage licenses. In direct sales transactions, there are no agents representing clients – it’s only the seller and the buyer working directly with each other.
Q: How can I sell my house fast if I’ve never done this before?
A: There’s absolutely no need to worry and the process of working with an investor will be so much easier than the story you’re probably telling yourself! Start here – go to google and search for “sell my house fast” or “sell my house fast for cash” or “sell my house fast to an investor” and you will find a bunch of local investors who are always in the market to buy houses quickly in any condition. You will not have to try hard to find them as they are always looking for real estate sales!
Q: How much does it cost to sell my house to an investor?
A: Every professional home buyer/investor is different, but most often, the answer is $0 – absolutely nothing at all. Most investors will pay all the fees that are typically associated with selling your home. You’ll pay no commissions and no closing costs. Now, most investors also won’t buy houses that are in pristine condition. Those houses and transactions are better suited for the local MLS, but working with real estate agents on the seller’s side costs quite a bit of money.
Q: My house needs a ton of work. Will an investor even want to buy it?
A: Almost certainly! Investors very often want homes that need a ton of work. That’s actually how they make their money. If an investor can update a home in need and then sell it for a premium then everyone is happy. Houses that are updated and that need no work at all are typically not of interest to investors – those houses are most often sold on the MLS to attract as many buyers as possible.
Q: Is Blue Lime Properties a professional home buyer/investor?
A: Yes we are! We are always looking for home sales in Western New York, and would be delighted to talk with you about our buying and selling process if you’re interested in learning more! Please call or text us anytime at 716-608-2182.