You’ve seen the ads about companies that buy your house for cash, and no doubt you have many questions. It’s understandable. The cash buying process provides a totally different sales experience than you might be used to. As you consider selling your house, you should ask questions.
Who Wants a Cash Offer?
Many people decide to sell their homes directly to a cash buyer because they want or need the cash quickly. The usual process of selling your home by listing it on the market can take anywhere from a few months to over a year.
People sell their homes for cash for a variety of reasons. Sometimes they are at risk for foreclosure. Other times, they inherit a property and opt for cash sale so they don’t have to make repairs on the house. Some people just don’t want to go through the hassle of home showings.
How Do You Qualify?
The only requirement for a cash sale is that you own the property. It doesn’t matter if the home is occupied by you, rented out, or vacant. The condition of your home is also not a concern. A home buyer will give you a cash offer even if it’s not in habitable condition, such as if it’s been damaged by fire or storm.
If you have a mortgage on the property, you should get a copy of a mortgage pay-off statement. You should also investigate whether there are any liens against the title, such as mechanic’s liens or unpaid taxes. However, these do not disqualify you from selling your house for cash.
Is It a Safe Process?
Home buying companies are legitimate businesses that make money by buying homes for cash and selling them at profit. Since there is no financing involved, you don’t have to wait for the buyer to get a mortgage approved, and there’s no chance of the deal falling through.
The companies have cash on hand to pay you. The cash offer is also no-obligation. That means you can freely decide to accept or decline the offer.
Selling a home for cash is becoming more common and is a viable option for you, especially if you want to sell quickly. Any cash buying company will be happy to answer any questions you might have.
Do you have questions about how to sell your Utah house for cash? Click here for answers.