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One of the top reasons to avoid selling your home for cash is that you’ll likely get less money for it. “You usually get slightly lower offers, because buyers are aware that a cash transaction is easier,” Horan says. Transaction speed is typically the primary sought-after benefit of finding a cash buyer for a house.
Work with an investor-savvy real estate agent
Now that you’re familiar with the process of selling a house for cash, should you do it? Title problems can delay your closing, and a title search will be necessary to close the sale regardless of whether your buyer is paying all cash or needs a mortgage. In this section, we walk you through the process of selling a house for cash, step by step, so you can make an informed decision about whether it’s right for you.
Sales Comparison Approach (SCA): A Complete Guide
It might take longer, but it will help you bring in as much money as possible. Selling to a “we buy houses” company is worth considering in many situations. For example, if you need to sell as quickly as possible because you’re relocating for work, or if you inherited a house and don’t want to deal with the work (or expense) of fixing it up to sell.
Find a cash buyer
When you accept an offer from a Southern California We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one side, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once the offer is accepted. When you decide to work with a We Buy Houses for Cash company in Southern California, it’s important to remember that your experience will largely depend on the integrity and service level of the company you choose. The character of the person or group making the offer can significantly influence the process and outcome. This article aims to guide you through the nuances of dealing with cash-for-homes companies in Southern California.
“If the same LLC owns multiple homes nearby, they might likely be a good prospect for the seller’s home,” says Greg Kurzner, CEO of an Atlanta house buying company. He adds that agents have access to PropStream and other industry tools for finding investment properties. Every seller in the state of California has a legal obligation to share a lot of information with buyers. This includes intel about the condition of the property, the potential for additional taxes and the natural hazards that could impact it. You will need to complete a lengthy transfer disclosure statement that informs the buyer about a broad range of questions. If your home is in a housing market that’s seller-friendly, listing your property with a top real estate agent can result in a fast sale, especially if the house is strategically priced and superbly marketed.
Join a local real estate club
You won’t receive a briefcase full of bills in tidy rows like you might see in the movies. As a home seller, one of the big things you want to do is eliminate as many question marks as possible and find a solution that fits your needs. If the questions involve a need for speed or simplicity — a cash offer can do both and more. To avoid getting lowballed, perform a few price checks using a home value estimator or ask a reputable real estate agent for a second opinion. A cash offer isn’t always a silver bullet (no solution to selling your home is), so before you move forward, you should be aware of these common drawbacks.
Can I get a cash offer if I’m working with an agent?
Jonathan is committed to translating complex industry jargon into a readable, concise format that everyone can understand. If you’re selling your home as-is, you won’t have to worry about making repairs or fixing up the home as a result of the inspection. The first thing you need to do when selling your house is figure out how much it’s worth.
A CMA can help you determine an appropriate listing price, which can help estimate how quickly it might sell. They boast the ability to close in as few as seven days, but they also offer more flexible 10- to 30-day closing windows. HomeLight’s Simple Sale platform offers a commitment-free way to test the waters. Just enter a few details about your home online, and we’ll provide you with a cash offer in 24 hours, and you can close the sale in as few as 10 days — no additional fees, agent commission, or prep work. Depending on the condition, price point, and location, your house will be a more desirable purchase to certain cash buyers over others. Most real estate investors have a specific “buy box” they use with parameters as to which types of properties are most valuable to them.
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Leading the list are the benefits of speed, certainty, and remarkable convenience. Her diverse background includes real estate, travel, healthcare, and other industries. According to this guideline, a flipper won’t pay more than 70% of the “after repair value” (ARV) of a home, which accounts for deductions to make repairs and renovations. One of the most convenient ways to find a reputable cash homebuyer anywhere in the U.S. is through a trusted platform like HomeLight’s Simple Sale. A cash sale also means you won’t need to stage your home or worry about keeping it spotless for weeks or disrupting your schedule for repeated showings.
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Working with a real estate agent or REALTOR® can help you avoid any scams that might come with cash offers. Before attending the closing, most buyers (including all-cash buyers) will want to complete a final walkthrough of the house. They will check on requested repairs and check that you removed any personal property not included in the sale.
A cash home sale on your own, without an agent’s assistance, is certainly possible, especially if you’re selling to a business. However, just because you can do it on your own doesn’t necessarily mean that you should. If you hope to earn top dollar for your home and not accept a lowball offer, real estate agents can offer valuable advice and assistance. They can help you avoid selling for less than your home’s true market value. When you’re considering a cash offer, there is real value in reaching out to a trusted real estate agent to do a comparative market analysis of your home. This advanced pricing tool calculates the market value of your home by pulling in details about nearby properties of a similar size and style that have recently sold in your area.
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