sell home for cash

Looking to sell your house to a cash buyer and don’t know where to find one? Are there really any cash buyers for your home out there? Well, yes, there are investors and companies that are all cash buyers that want to buy your house. In this short write up we will tell you how to sell your house to a cash buyer and a few other tips.

In a previous article “Who Will Buy My House For Cash?” we talked about whom usually buys your house for cash are real estate investors, either individuals or larger companies. On some occasions you will be able to find a cash buyer that isn’t an investor and may be able to sell your home for more money, but these buyers are few and far between.

How To Find A Cash Buying Company For Your Home

Really it’s not that hard finding someone to buy your house for cash, provided you live near a large Metropolitan area. In all large cities across the country there are companies that pay cash for homes, as well as outside the large cities into the suburbs where people tend to raise their families. Here are few ideas for finding a cash buyer in your area:

Investors find motivated sellers by using direct marketing, which involves letters, bandit signs, websites or billboards. If you see signs that say “we by houses, any condition, we pay cash” that is an investor looking to buy homes cheap or a wholesaler looking to buy homes cheap. There are other ways to find investors as well:

• Look for bandit signs on the sides of roads or at intersections that say we buy houses.
• Search the internet for cash buyers in your area.
• Look up real estate investor clubs in your area.
• Look on Craigslist or Facebook for we buy houses advertisements.
• Ask your friends or family if they know any real estate investors.

Read The Full Article “How to Sell a House Off Market Without a Real Estate Agent for Cash” Here

We would have to say that probably the best two ways of finding a cash buyer is to first ask friends and family if they know of an investor. If they don’t then the next best option is to use the internet. By making use of the interweb you can gain a large list of buyers as well as being able to check their reviews and learn more about the company to make sure they are legit. More on making sure they are legit a little later on.

Now let’s just touch on some of the pros of selling to a cash buyer –

Pros of Selling To A Cash Buyer

Selling to a cash buyer definitely has it’s advantages, as outlined here:

When a cash buyer purchases a home, they are accepting the condition that the home is in. This can mean that you don’t need to worry about repairing any problems with the home. It can also mean that you save more time by not having to put the home in showroom condition in order to sell it. You won’t need to repaint, decorate, or worry about other things to ensure a buyer will give you top dollar. You will be getting less than the market cost for the home, but the repairs, decorating, and painting will be up to the buyer instead of you, so you won’t have to worry about paying for them.

Read The Full Article “ADVANTAGES OF SELLING A HOME TO A CASH BUYER” Here

Being able to sell your property in “as-is” condition is a huge plus for a lot of sellers. Most cash buying companies not only don’t care about repairs that need to be made, but also if your house is a mess or not 🙂 . Not having to clean for showings is great for a lot of Mom’s and Dad’s with a full schedule taking care of the children.

Also, when selling to a cash buyer you don’t have to worry about “buyer mortgage contingency” where if the buyer can’t get approved for a loan they can back out of the deal.

Lastly, another pro of selling to a cash buying home company is that you can avoid a lot of the usual costs and fees when selling the usual route (learn more about how much it can cost to sell your home here “How Much Does It Cost To Sell Your House“).

Cons Of Selling To A Cash Buyer

The biggest draw back of selling to a cash buyer that is a real estate investment company is that you will get less money for your property versus selling the traditional route to a buyer that gets a mortgage. It’s a give and take though, you aren’t having to make repairs or even clean up the property. It’s also important to note that they are a company and they are trying to make money.

With that being said there are some investors out there that will try to take advantage of you or worse, try and scam you out of money. Here is a great tip from the Balance:

But be wary. Some may ask for “application fees” and other upfront payments, meaning they’re probably just trying to scam you. Legit real estate businesses take their cuts at the end.

Additionally, if you’re already near foreclosure, some of these companies may try to stall you until you’re really desperate in hopes you’ll take even less. Get online and check out a company’s Better Business Bureau rating, and surf around for customer reviews and rip-off reports before you contact them.

Read The Full Article “Sell to a ‘buy your house for cash’ biz?” Here

Those are just 2 of the things that you need to watch out for when selling to a cash buyer. Unfortunately nowdays as with almost any other industry, there are people out there that are wanting to take advantage of other people. Their first piece of advice is really good, no company that wants to buy your house should ever ask for any kind of fee.

Here is a video that kind of sums everything up that we have just spoke about:

Summing It Up

If you were wondering how to sell your home to a cash buyer, the good news is that it’s not that hard to do at all. It’s easiest to search the web for reputable companies that pay cash. All you have to do is sit back and wait for the offers to come in.

You do however do need to make sure that whom ever you decide to sell your property to, they are a bona fide company that really can purchase your property for all cash. If someone wants a fee, move on to the next investor.

If you have a property in Acworth or anywhere in the Metro Atlanta area and are looking for a cash buyer for your house, contact us! We would love the opportunity to make you an all cash offer for your house, no matter it’s size or condition. You can fill out a form on our website, or just call us at 770-756-8680 any time.

These days you have to be concerned with scams everywhere. On Craigslist, Facebook and everywhere you turn. Unfortunately the same thing applies to “we buy houses” companies. So how do you ensure you are dealing with a legitimate company? That’s what we are about to cover 🙂

Legitimate We Buy Houses Companies

You have probably seen all of the signs on the side of the road “We Buy Houses”. But how do you know if that company is really legit? The first thing – is it a hand written sign? If so, if they don’t have the money to pay for a nice custom sign do they really have the money to buy your house??

Do An Internet Search

Can you easily find them on the web? After you call one of those we buy houses signs and get their information, do yourself a favor and Google them. Do they have a website? Can you find who the owners are of the company? If not, you may want to think twice about using them.

The next thing is reviews and do they answer the phone? This was covered in a good article from Active Rain:

Tip #2 – Reviews from past clients

If you can’t find any reviews or only find bad reviews online for a company, this is another red flag. Check Google, check Facebook, and even look at a company’s website for customer testimonials. If you can’t find those, what is the company hiding? If the reviews are bad, read through them to see what went wrong and what people didn’t like. You might end up saving yourself lots of time and money….

Tip #3 – Does the company answer the phone or call you back quickly?

Bad companies are impossible to reach on the phone and never return your call. They might have a working phone number but their reluctance to talk to people on the phone is a read flag you should be wary of. Legitimate companies will answer the phone or call you back quickly. They ar eeager to talk to you and answer questions. If you do get a company on the phone, ask them questions about how it works or their company.

Read The Full Article “Avoiding we buy houses scams”  Here

A couple notes on reviews. Customers with a bad experience are 10 times more likely to leave a bad review than a satisfied customer. Also, even with careful monitoring, some companies pay for reviews, so always take them with a grain of salt.

Reputable Companies That Buy Houses For Cash

Now are they really cash buyers? And are they giving you a written Purchase And Sale Agreement, or is it just a verbal offer? Susan Jones has some good info on this:

Unrealistic high offers. We have found out that amongst other tricks is that sometimes the property organisation, company or person who claims to want to buy your house fast will make you an un-realistic high offer to get your initial interest. Then they will try to reduce the amount they will pay at the last minute or near completion (when you are most vulnerable – and need to sell your property quickly or facing home repossession).

Are they real cash buyers? You should also be aware that there are only a handful of real cash property buyers operating in the market (our buyers being one of them!) which means that many advertsing here on the internet and within your local paper for example dont have the financial means to purchase your property as quickly as they say they can, or to provide you with the professional service you deserve and demand.

Read The Full Article “WARNING: Watch out for The Buy My House Scams!” Here

We have had customers in the past that have run into the first problem of unrealistic high offers only to try and drive down the price before closing. This is a real problem when someone needs to sell in a hurry and either has to sell the property to them for a lower price or has to hold on to the property longer. This is why we always recommend that no matter who you are dealing with, you get a signed Purchase And Sale Agreement when selling your house.

Summing It Up

When ever you have to sell a house quickly and are looking for a legitimate “we buy houses” company, do your homework and make sure you know who you are dealing with. The two biggest things is search the web and make sure when you do find one that they give you a written Purchase And Sale Agreement and not just a verbal offer.

If you are searching for a reputable we buy houses company in Metro Atlanta, be sure and contact us, Mandich Property Group for a free, no obligation to you offer on your house at (770) 756-8680. We would be more than happy to speak with you and buy your house! 🙂

You may or may not have heard of selling your house for cash. You may be wondering just how to go about it and what the possible advantages could be. While it is true that when you sell your house your existing mortgage will be paid off. So what is all the hoopla about selling for cash. If you are one of the people wondering about it – keep reading because that’s what we are about to cover.

Why Selling Your Home for Cash Might Make Sense For You

First, why would you need to sell your house for cash? Typically people that want to sell their property for cash need a fast closing. When a buyer is paying cash there are no buyer mortgage contingencies to be concerned about. When a cash buyer puts your property under contract, which is usually a real estate investor, your house is as good as sold.

This was covered in an article by Steve McLinden:

Tops in the “pro” column are speed of sale and convenience. Once you accept a cash offer, you can often get your money in days. For folks facing a relocation, foreclosure or bankruptcy, this can be a life saver.

Fewer sales fall through

A cash sale also removes the all-too-familiar drill of accepting an offer only to lose the buyers at the last minute when they can’t qualify for a loan. Once the cash is passed along, there’s no backing out or last-second cold feet. Such cash sales typically close in 1 to 3 weeks compared to about 4 to 7 weeks on a conventional sale. Also, cash sales are typically “as is,” so there’s usually no major repainting and repairs needed.
Cash is king in a real estate deal … You’ll probably get a little less money out of the house, but you can avoid costly repairs and other complications.

Read The Full Article “There are plenty of good reasons to sell your home for cash” Here

Steven also goes on to advise that you should get professional advice for pricing your home. With all of the tools on the internet it’s a whole lot easier these days. You can go online and check many house buying and selling sites like Zillow, Redfin and Trulia and find what comparables are selling for in your neighborhood. The important thing here is to make sure you are comparing apples to apples.

So why would someone need to close fast? Job relocation, trying to avoid a foreclosure on their credit, divorce and many other reasons. A cash buyer will help you achieve a fast sell with little chance of the sale falling through at the last minute.

How To Go About Selling Your House For Cash

The great thing about selling your property to investors is that they will buy the property in “as-is” condition. No need to make any repairs, and many times, you don’t even need to clean up the property like you would if you were selling to a retail buyer.

However you may just be looking for any cash buyer, and they are out there. There are parents out there that buy houses for their children. In this case you will have to do some clean up and make the house look presentable.

Some other things you might want to do were covered in this article:

Step 1

Gather up all of the pertinent information about your house. Make sure you have flattering pictures (taken in the spring or in the summer) plus the statistical information before you try to sell your homes online. Be sure that you have the square footage, the year the roof was replaced, the foundation type and everything else that might be in a listing. The more information the better. Unless it’s a dump. Then you might want to be creative.

Step 2

List your home on ebay. There should be a clickable link on this page. give your listing a precise title, not a cutesy title. No-one will be searching for a cute title, they search for things like “House for sale in Cambridge” or “Quick Sale in Moorpark.”

Read The Full Article “How to Sell Your House for Cash” Here

In addition to listing your property on Ebay you can also list it on the other sites that we mentioned above to get it in front of more potential buyers. You may want to put in your listing that you are looking for “cash buyers only” to help keep down on the amount of buyers that are looking to purchase a property through a bank or mortgage company.

Summing It Up

The biggest advantage to selling your property for cash is that you don’t usually have to worry about the sale falling through at the last minute. You can also do it yourself without hiring an agent, just be sure and do your homework prior to advertising to make sure you price it right. Also, when you sell for cash the closing can usually happen in days compared to months that it sometimes takes when selling to a regular buyer that gets a mortgage.

Lastly, you can perform a search online like “cash buyer for my home” and a lot of investors should show up in your search. Contact them and if you like their offer – your done. You should have your property sold in just a few weeks.

You may have a house that you need to sell quickly and don’t know where to turn. You may be in a situation where you are in dire need of some funds and have a property that you can liquidate to raise those funds, but don’t have months to wait on a buyer to close on your property. So where do you turn? Who will buy your house? That’s what we are about to cover, so read on.

Typically people that will buy your house with cash are real estate investors. These investors have cash to pay for houses which means they are able to close quickly. They don’t have to wait weeks to see if they can qualify or even jump through all of the hoops for applying for a mortgage loan.

Let’s get one thing straight right off the bat first. No matter how you choose to sell your house, when you leave the closing table you will walk away with cash, it’s just the way it works. If you currently have a mortgage on your property and you sell to a regular buyer, at closing your mortgage is paid off by the new buyer. If you have any equity in the house, then you receive those proceeds.

Advantages In Selling Your Home To A Cash Buyer

So what are some of the advantages of selling your property to a cash buyer who doesn’t have to wait on loan approvals? This was covered well by Maximum Exposure Real Estate:

1. It’s easy.

Selling a home that needs work can be challenging if you want to get the best possible price. With a house flipping company, you avoid the difficulty of trying to sell for a good price. Instead, you sell to a company that will buy your house for the lowest price it can get away with. In exchange for taking a low price, you can quickly free yourself of the burden of owning the home. If you are in desperation mode this is often times your best bet. Selling to a real estate investor can get you out from under a problem very quickly.

2. You only have to make one decision.

Your only decision when selling to a house flipping company is to sell, or not to sell. You won’t have to decide what repairs to make or who you want to sell to. You will get an offer and make a single decision. After that, you are free of the home. Most often a house flipping company will be paying cash and there can be a quick closing if this is what you are after.

3. You don’t have to find a real estate agent.

Finding a good real estate agent can take a little bit of effort. You may have to interview several to find someone you are really comfortable with. You also don’t have to worry about disagreeing with your real estate agent once you hire one, which can happen. You are going solo.

Read The Full Article “Pros and Cons of We Buy Houses Flipping Companies” Here

Everything they stated there is true. However there are some cons in choosing a house flipping company, it’s not for everybody. For instance, if you are in no hurry to sell your house and have all the time in the world, they are not going to be your best bet. Additionally you may have a new house and may have only lived in it for a year or two. In this case if  you have a 30 year mortgage you haven’t even started to chip away at the principal balance. Here no matter how you sell it will be difficult to come out without loosing any money, unless you are in an area that is in high demand and home values are quickly rising.

Disadvantages Of Selling To A Cash Buyer

As we started stating above, selling your house to an investor isn’t for everyone and there are some disadvantages of selling your property this way. Forbes had this to say about it:

• Investors Do Not Need a License to Buy – This means as the seller, you know nothing about the person/entity offering to buy your home. Some investors are corporations, but some are individuals who just happen to also be real estate agents. This is cause for concern for many sellers because they question the motive behind the purchase; do they want to buy my home to resell it for more?

 

• There are Plenty of Scam Artists Posing as Investors – There’s a risk of fraud in any financial transaction, but it’s especially critical to avoid scams when dealing with your largest asset. To avoid any issues, get the name of the investor and do research online to see who they are, ask for references, look them up with the Better Business Bureau, and ask your listing agent to do some research on your behalf.

 

• Homeowners Will Likely Sell Below Market Value – Investors have their own costs to contend with and you can be assured that those costs will be factored into their offered price. Investors are also aware of the power behind their cash offer and the fact that they are taking a risk by purchasing “as is.” They may be relying on your motivation to get out quickly. Whatever the reason, it is unlikely that an investor will pay market value for a home in its peak condition.
• Read The Full Article “Pros And Cons Of Selling Your Home To A Real Estate Investor” Here

As for their first statement “are they wanting to buy my house and sell it for more?”, this is always the case. The investors intend on purchasing your property in the condition it is currently in and then make the repairs to the property and sell it for a higher price to another retail buyer.

As for fraud –  that can be kind of difficult in Georgia. Georgia is a judicial state which means when you sell your property it has to go through a closing attorney. Attorneys are not likely to risk their license for one deal.

Lastly – home owners will sell below market value. Again, yes. Investors are taking a great deal of risks when purchasing your property. Any hidden issues can cost them greatly and they also have holding cost to deal with while they perform the repairs to your property.

Summing It Up

Who will buy your house for cash? Real Estate Investors. Keep in mind this option is not for everyone. Generally it is for sellers who are in a bind and need to sell quickly to free up cash. Do your homework and make sure you are dealing with a reputable company.

If you want to sell your house to a cash buyer, be sure and visit our website or call us at (770) 756-8680 and we will be more than happy to make you an offer on your property which you can either accept or deny. We genuinely care about your situation and will make you the best offer that we possibly can.