12 Feb

What Research About Homes Can Teach You

Why You Should Sell Your Home for Cash There are plenty of good sides and very few bad sides to selling a home for cash. Topping the pros are speed of transaction and convenience. When you have accepted a cash offer, you can typically receive your money in a matter of days. For people facing foreclosure, bankruptcy or relocation, this can be an instant lifesaver. Less Sales Fall Through Also, a cash sale eliminates the familiar drill of accepting a buyer’s offer, only to lose the deal at the last minute because they could not qualify for a loan. The moment the cash is passed along, there’s no such thing as backing out or cold feet. Cash sales generally close in just one to three weeks, while it takes about four to seven weeks to close a conventional sale. Cash sales are mostly “as is” as well, so there’s probably no key repainting and repairs needed.
Smart Ideas: Homes Revisited
Asking for Professional Advice
5 Lessons Learned: Sales
Though you shouldn’t forgo professional representation when you’re selling a home, sale unless you are completely sure of what you’re doing, there are undoubtedly less potential complications in a cash, sell-by-owner scenario. However, if you don’t work with an agent, it will be up to you to price your home correctly to prevent bottom-feeding cash investors or buyers from jumping in for substantially less. Thus, you have to get an appraisal and do just a little bit of extra research of your own. Use various listing services to compare prices and view price adjustment records on houses within the same area, as well as time-on-the-market statistics. The appraiser will typically do at least three such computations based on fresh sales, but try expanding your data search for a deeper understanding. There are quick-sale real estate agents you can depend on for paperwork, doing most of their work via email or phone to fast-track transactions. They will either charge a flat or fixed fee or collect a lower-than-average percentage commission. But as they are supposed to sell as fast as possible, they can suggest a listing price much lower than what you can get in the mainstream loan market. Protecting Yourself Although that cash buyer is a good prospect, you need to ensure they actually have funds – request for proof. Since a lot of cash buyers plan to repair and resell such properties, you may be able to work out a short-term lease-back deal to stay in the property if suitable for you, and provide the new owner an income stream while tending to repairs or other projects. Certainly, cash is king in a real estate scenario if you’re the seller. You may get a lower amount that way, but you can minimize repair expenses and other issues while enjoying the convenience, speed, less paperwork and less worry in the process.