Are you having a hard time selling your house? Or maybe you haven’t even listed it on the market because it’s in desperate need of repairs and renovations. Conversely, what if you need to sell your house as soon as possible and don’t know how to make it happen?
If you find yourself in any of the above scenarios, don’t worry, you have options. The best of which is to work with a cash home buyer. They will buy as-is homes and can close in a matter of weeks, sometimes sooner.
The only question is, how do you find the best home buyer for your as-is property?
We can help you there. Keep reading for a quick guide on how to choose the best company to purchase your house in cash.
Look for Home Buyers in Your Area
When selling an as-is house, it’s important to work with local home buyers. They have relevant experience with the local real estate market. They know what homes are worth and are familiar with the different neighborhoods.
Working with a local cash buyer will also make it easier to communicate and coordinate with them. If you need to schedule an immediate home inspection, they’ll have the ability to make it happen. This level of responsiveness is especially important if you’re facing a time-sensitive situation, like foreclosure.
Find Out if There Are Any Homes They Won’t Buy
Not all cash home buyers work the same way. Some will buy a home in absolutely any condition. However, other home buyers have stricter guidelines.
If you have major issues with your home, talk to the top cash home buyers on your list to find out more about their buying policies. Is your home eligible for their services? If not, you’ll have to find a different buyer.
Ask About Their Home-Buying Process
Before selecting a cash home buyer to purchase your as-is home, learn more about their process. Most companies will give you an initial cash offer based on an online form.
Then, they will schedule a time to come to your home and inspect the property in person. At this point, one of their specialists will evaluate the report and give you a final cash offer.
If you reject their offer, no harm is done. Both parties will walk away and you’ll be left to sell your as-is house how you see fit.
If you accept their offer, they allow you to select the closing date. It could be three weeks from now or three months from now. If you want to close as soon as possible, most cash home buyers can close on a house as quickly as one or two weeks.
Find Out How Quickly They Can Close
This leads us to our next point. Many people decide to sell homes to cash buyers because they need to get rid of their as-is property as soon as possible. It might be because they’re facing a foreclosure, because they’re going through a divorce, or because they’re being relocated for work.
Cash home buyers can typically close in under two weeks. If you’re pressed for time, verify their closing timeline to choose a buyer who can accommodate your needs.
Furthermore, make sure the cash buyer buying your as-is home will cover all of the closing costs. This is the standard way of doing things among these companies. If the buyer you’re working with doesn’t cover closing costs, you can find another one that will.
Look at Their Customer Reviews
Most businesses think highly of themselves. Everyone has the “best” products and the “best” services.
However, the only way to validate these claims is via their reputation in the industry. To find the right cash buyer for your as-is home, look for customer reviews and testimonials online. Find out what the company’s previous customers have to say about their services.
Were they given a fair offer for their homes? Were they hit with any hidden fees? Do they regret working with the company or do they recommend the home buyers to other sellers?
Customer reviews are also a great source for information regarding closing timelines, professionalism, customer services skills, communication skills, and more.
Consider Their Honesty and Transparency
Cash home buyers make money by investing in distressed homes, fixing them up, and flipping them for profit. As such, when they buy your as-is home from you, they probably won’t give you the full market value. This is because they need to account for their own costs.
The best home buyer will be completely upfront about how they determine your cash offer. This type of transparency is key. You need to know how much they’re going to give you and why.
Just as importantly, you need to know if there will be any extra fees. After selling your home, you shouldn’t be charged for things you weren’t expecting.
Assess Their Free Cash Offer
The best companies, like Wake County Home Buyers, will provide you with a fair cash offer for your home. However, it’s important to note that not all companies work with the same level of integrity as Wake County Home Buyers.
Reach out to get a free cash offer from multiple home buyers. Then, you can assess each offer to identify the buyer who is going to give you the most amount of money for your as-is house.
But before you choose, remember to verify the other qualifications listed in this article. For example, look at their customer reviews. If they give a great initial offer but their customers consistently complain about a much lower final offer, you’ll probably get the same treatment.
Looking for As-Is Home Buyers?
Selling an as-is home is a major transaction. Even if you’re out of options and desperate to sell your home quickly, it’s important to find the best home buyers. They’ll make sure you get a fair offer and close on the home as soon as possible.
And if you’re looking for more real estate tips or lifestyle advice, you’re in the right place. Check out some of our other articles before you go to find more content that can help you live a better life.