Sell My House for Cash: Selling your house can be extremely stressful and perhaps even more so if you are doing it for the first time. Real estate is a difficult market to navigate—especially when listing your house during periods when house prices are falling. Finding a buyer for your home at that time will be even more challenging and if you do, their offer will likely be lower than the asking price.
Finding a real estate agent to help you with a sale is often seen as a better option for many people but in reality, it is never a great option. Real estate agents are just brokers who will put their own interests ahead of yours. Instead, you can sell your house for cash and quickly the way I sold mine— to home flippers.
How did I sell my house for cash quickly to a home flipper? There are several factors I needed to check first before deciding on which home flipping company to sell to. In this post, I share some of the tips that helped me sell my house for cash.
Understand the concept of home flipping
There are several companies that will now buy your house for cash. Before you approach any of them, you need to understand how the industry works. Understanding how home flipping works make it easier for you to decide on what selling option you are going to use. Basically, companies that buy houses for cash (such as Home Flippers) do not require you to do any repairs to the house. You get a straight offer regardless of the current condition of the house.
Reputable cash home buying entities will always be clear about their offers and any fees will be deducted from the agreed amount and not paid upfront. In this context, understanding your homeowners insurance policy is crucial, ensuring you’re protected during the sale. Remember selling your house for cash will get you a figure around 15% short of the current market price but on the other hand, it is a quick and hassle-free way of making a sale.
Choose a reputable buyer
Choosing a reputable company means you will quickly get your cash as soon as the sale is agreed upon. There are many entities that have been registered as home buyers for cash but in truth, some of them are brokers with no money. The home flipping industry is still not regulated and as such sometimes poses more risks.
It is always advisable that you carry out detailed research on some of the candidates you are thinking of approaching. You can check for reviews and also whether the company has a membership of any professional body.
Choose a company that uses its own cash funds
This is another reason why it is important to select a reputable company. While all of the companies that are registered as home flippers claim to buy your property for cash, few of them actually have the capacity to do it. Many are either brokers or entities dependent on funds from outside investors.
Choosing a company that does not have its own funds means it can take a while before you can actually get all the cash you agreed. It is better that you sell your house on the open market instead of choosing a company that neither offers a guarantee of speed or price.
Conclusion
Choosing to sell my house for cash was one of the smartest moves I ever made. You could do the same if you approach things in the right way. Here you get to enjoy speed and convenience and a less stressful way of selling your house. Make sure you eliminate any red flags that could lead to issues after a sale has been made by selling only to reputable companies.