You’ve probably seen the ads for cash home buying companies. They claim they will give you cash for your home, even if it needs repair. It sounds too good to be true, but it isn’t. These cash home buyers are legitimate, and they’re helping thousands of people sell their homes quickly for cash.
What Is a Cash Buyer?
A cash buyer is any person or group that will pay you the full, agreed-upon price for your home without having to obtain financing. It’s a big advantage for the seller because the home sale can close quickly. You don’t have to wait for the buyer’s financing to be approved, and you don’t have to worry about the deal falling through if it isn’t.
Cash buying companies are simply cash buyers who are in the business of buying homes for cash. They already have cash on hand to pay you what they offered for your home, so there’s no risk involved. That’s also why the transaction can happen so quickly.
How Do Cash Buyers Do Business?
Individual cash buyers will purchase a home for their own use. A few are trying their hand at “flipping” houses by buying older homes, fixing them up, and selling them. For many, this is a sideline for them.
On the other hand, cash buying companies are professional property investors. They purchase homes, invest in them, and resell them. They fill an important niche in the real estate industry because they buy homes that may be difficult to sell on the open market.
Who Sells to Cash Buyers?
Most people who sell to cash buying companies have homes that are distressed, run-down, or need repairs. They have decided that the best financial decision is to sell the house “as is,” without repairing it first. These are the homes that cash buying companies specialize in.
But it’s also common for people facing sudden life changes or financial difficulties to turn to cash buying companies. The quick cash sale can help them out of a jam, such as threatened foreclosure.
Cash buying companies are legitimate businesses that offer homeowners a unique way to sell their homes. The offer is always no obligation, and there are no commissions or hidden fees to pay.
Thinking about selling your Sacramento area house for cash? See how Joe Homebuyers can help by clicking here.