Tips on Finding the Right Cash Home Buyer
Selling a house is a major ordeal. Even when things go right, it’s a lot of work. Recently, people have found that you can dramatically simplify the whole thing by finding a cash buyer. In fact, cash-buying companies have popped up all around the country.
But if you want to go this route, there are probably some things you want to know. So here are some tips to help you find the right cash buyer for your home.
Price Your Home
The first step in selling a home to anyone is figuring out what your house is worth. You cannot make informed decisions and enter into good negotiations without this knowledge. You can at least do a quick Google search to get a general idea of the value of houses in your neighborhood, but it’s worth taking time to really know what your house is worth.
A cash buyer might make an offer at the low end of your home’s value because cash sales are a lot faster and easier, but you can’t really have a good conversation about money if you don’t have a clear idea of your home’s value.
Keep in mind that without this research, you could easily be overvaluing or undervaluing your house in your mind. Either is a mistake.
Check Out the Buyer
Once you know the house’s value, then you need to make sure your cash buyer is really able to pay for the house. Sometimes, you’ll find cash buyers who are just individuals looking for a home. This tends to happen when people move from a more expensive market to a less expensive market.
In most cases, though, cash buyers are investment companies. In those cases, you can check out their business license. You can also check them out with the Better Business Bureau. You’re doing this to ensure that they are a legitimate business. When that checks out, you can reasonably assume that they have the cash for the purchase.
But you’re not done yet. Since you’re investigating a business, look into reviews as well. Get a clear idea of who you’re talking to before you get into any serious negotiations.
Most cash buyers are very experienced in real estate. On top of that, they genuinely want to buy your house. Being honest with them can help you in two ways.
First, if you let them know from the beginning what you want and need from the process, they will either work to accommodate you or let you know that they aren’t the right buyer from the start. You either get a better experience, or you save time, and those are both worthwhile.
As for the state of the home, cash buyers are going to insist on seeing the house with their own eyes before they make an offer. This means you can’t really hide anything from them, but on the plus side, it means that you don’t have to hide anything. You can leave the house as is, and they’ll make an offer all the same. You don’t have to worry about last-minute repairs or trying to spruce up the place. They know what they’re doing, and you can make your life easier by taking advantage of that.
Figure Out Dates
Lastly, you need to know your move-out date before you sign anything. Traditionally, you’re supposed to be out of the house by the closing date, but cash home buyers actually have a little bit of leeway here. Since they aren’t buying the house so that they can move in right away, they can schedule a move-out date after the closing date and even put it in a contract for you.
Naturally, you need to know your timeline in order to work this out, but this also goes back to being honest. If you explain why you need to sell before you can move out, many cash buyers will happily work with you on that.
Make It Easy With Frank Buys Houses
Here’s the final tip. If you want an easy selling process with an established investor, then contact Frank Buys Houses. You’ll find a streamlined process that can move as fast as you need it to. Best of all, you’re guaranteed a no-commitment cash offer on your home.