Cash home buying companies are becoming more popular as a way to sell homes for cash quickly. But you might be wondering if the process is right for you. You may be surprised to learn that people sell to cash buyers for a number of reasons.
Home Needs Extensive Repairs
One common reason people sell to a cash buying company is that they have a home that needs extensive repairs. They don’t want to invest the costs, time, and effort into fixing up the home to put it on the market. They may believe it’s just not worth it, or they may not have the money to invest in repairs.
Cash home buying companies never require you to make repairs or even clean your house. Whatever problems the house may have, they are willing to make an offer. As investors, the company will take responsibility for the needed repairs.
You’ve Inherited a House You Don’t Want
Many people who have inherited a home turn to a cash buying company so they can sell the home quickly and settle the estate. Often, there are several heirs, and the house must be sold so the proceeds can be divided among them.
An inherited house will frequently need repairs, and there may not be money in the estate to invest in the house. Or, the heirs may be busy with work and their own families, and they just don’t want the hassle of going through a traditional sale.
You Need to Move Right Now
If your dream house comes on the market, you’ve been transferred out of town, or you need to cash quickly, you can speed up the moving process by selling to a cash buying company. It’s typical for a cash sale to take 30 days or less.
The cash buying company doesn’t need to get financing since it has money on hand to make good on their offer. There’s also no waiting for inspections or appraisals. You can get an offer within a day and sometimes close in a week or so.
Cash buying companies are always willing to discuss your options and advise you about whether a cash sale will work for you. It’s worth it to get a no-obligation offer and compare your options.
Need to sell a house in Utah? Click here to learn more about the cash sale process.