How can I get a fair cash offer for my home?
At first glance, private home buyers or “cash house buyers” as they are known in the real estate industry, may not have the best reputations, however, if you’re looking to sell your house fast, it’d be crazy to not consider selling your home for cash. The question is, “how can I get a fair cash offer for my home?” We have the answer for you. First, let’s talk about the process and advantages of selling your home to a cash house buyer.
Advantages of Selling Your Home For Cash
There has been an increasing number of companies that provide cash offers for homes. Cash house buyers offer improved experiences for sellers by using advanced technology and a quicker selling process which appeals to homeowners who need to sell their homes faster than 30+ days. Oftentimes, a job move, divorce, inheriting a property or a dwindling bank account are all common reasons that sellers need to work with a cash house buyer.
The selling process is much easier and stress free. On the selling process, “A seller makes a phone call or fills out a form on a website. We then call them back and get some basic questions answered. We then schedule an appointment to go walkthrough the home and within 24 hours, we make an all-cash offer for the home,” said Rick Lewis, owner of Lewis Brothers Properties. “Plus the major advantage for the seller is they save BIG MONEY by not paying any commissions or fees.”
What actually happens when you sell your house for cash?
Think of it this way. When you sell your house for cash, it’s a bit like trading in your old clothes for cash with the intent of purchasing new clothes. Without question, you will get money in your pocket faster than listing your home on the MLS, and you can move on to your next chapter quicker. Sellers also avoid the major expenses of starting and or completing home renovations. When selling your home for cash, the cash house buyer wants to buy your house as-is, meaning in any condition. This is a major cost saving benefit to the seller.
How can I get a fair cash offer for my home?
Let’s take a deeper dive into “how to get a fair cash offer for my home.” Selling a house for cash typically follows this process or pattern:
Contact the Cash House Buyer: The seller reaches out to the cash house buyer and requests to receive an offer. This basically means that the seller skips steps like, hiring a real estate agent and listing the home on the MLS and goes straight to receiving a cash offer. No home showings, walkthroughs or inconvenience.
Cash House Buyer Evaluates the Home: The cash house buyer will come to the sellers home and do a walkthrough of the house and determine what they are willing to pay for the home.
Cash House Buyer extends Cash Offer: After evaluating the home, the cash house buyer will extend an all-cash offer to the seller. At this point it is up to the seller to decide whether or not to accept the terms and offer.
Seller Asks for Proof of Funds: This is a critical step in knowing if the cash house buyer you are working with is legit or not. At the Lewis Brothers, we are the ones buying your home, not a third party. We will always show you proof of funds.
Set Closing Date: Without a lender’s help, there is no reason to gather a lender-ordered appraisal or processing of a loan. We have seen this take up to 50+ days. Cash house buyers, like us, typically like to close within 14 days, but the timeline is up to the seller.
Money in Your Pocket: Once all the necessary legal documents are completed and the closing date has been met, the cash house buyer will either wire funds to you or write you a check. It is really that easy. Legit cash house buyers are always backed by private capital which means you will always get paid.
In Conclusion
Getting a fair cash offer for your house really comes down to two things. First, find a legit cash house buyer with a solid reputation and track record, like us. Second, understand that you’ll be saving money on the back end by not having to hire a real estate agent, completing necessary repairs, listing your home on an MLS and paying ridiculous fees and commissions.
Cash house buyers don’t actually show up with a bag of cash. Getting a fair cash offer for your home is easy and is designed to be less stressful and more convenient for homeowners looking to sell their homes fast. We buy houses in Simcoe County, The York and Durham Region and all throughout Ontario. If you want to work with a trusted industry expert cash house buyer, we encourage you to work with us. Learn more about us here.
