How do cash house buyers determine a price for my home?
When you are looking to sell to a private home buyer, the process is simple and easy. Usually there is just one walkthrough needed to assess the condition of your home, take a few measurements and determine what it could be worth. They will look at the heating and cooling system, the roof, windows, kitchen, bathrooms, foundation and well pretty much everything. This will allow for the cash buyer to figure how much money will need to be invested into the property from them to be able to resell at a later point.
Why Cash House Buyers Are Different
Once a cash buyer has completed a home walkthrough with you and their assessment, they will pull comparable properties sold in the area within the last six months to a year. They will analyze the “comparables” in order to put an accurate offer together. It is very important to pull similar properties condition wise in order to value properly. This can include similar lot size, number of bedrooms & bathrooms, and completed renovations.
Once all of the above is complete a cash buyer will come to you with a firm cash price offer closing whenever you like! Although this might sound like a lot of work, an experienced cash home buyer will know an area very well, as well as what it would take to renovate the home, renovation costs, etc. You will usually be able to get your cash offer within 24 hours!
In Conclusion
Cash house buyers have their benefits and they are easily noticeable once you know what exactly a cash house buyer is. As private cash home buyers, we will buy any house in any condition as they are. That is what we do. As real estate investors, we’re looking for run down properties that we can rehabilitate or turn into an income property. Realtors are looking for listings and sales. We are looking to help you or someone you know get out of tough situations or to simply sell your home fast.
