The average home stays on the market for about 56 days, but some homes can stay on the market for years before a qualified buyer comes along. And when you have a house that needs extensive repairs, waiting for the right buyer isn’t always an option.
Luckily, working with cash buyers is a great choice. They’re willing to buy properties that other buyers might overlook entirely.
So, how can you find the right cash buyer when you’ve got a home to sell? Here are a few tips to help.
Research Cash Buyers in Your Area
Before you decide to sell your house for cash, take the time to research cash buyers in your area. As a general rule, it’s best to work with local buyers as they’ll be able to offer a fair price for your property.
Even better, they’ll be able to tour the house in person. This helps them gain a better understanding of the types of issues your home has and any work they might have to do before they can sell it to a new buyer.
Before you contact each cash buyer, read any online reviews you can find. If most of their previous clients seem happy and thought the cash sale was simple, you’ll likely have the same experience.
When you’re selling a house that needs repairs for cash, you don’t have to accept the first offer that comes along. In fact, it’s always best to shop around.
Let several buyers in the area know that you’re interested in working for them. Call or email them saying “I’m ready to sell my house for cash,” and schedule consultations with each one.
Most reputable cash buyers will put together a written offer letter and will give you time to review that offer in detail. This allows you to compare each offer and choose the buyer that’s willing to give you the best price on your home.
Pay Attention to Any Hidden Fees
As with any real estate transaction, getting cash for your home doesn’t mean you’ll get the full amount of the offer. Some cash buyers charge hidden fees as part of the closing process.
Before you agree to any offer, ask the cash buyer to explain how it works and make sure they’re disclosing any additional fees associated with the sale. If they’re trustworthy, their fees should be upfront and disclosed in your offer letter. If they’re not, they’ll be hesitant to even discuss those fees with you.
Now You’re Ready to Choose a Cash Buyer When You Have a Home to Sell
If you have a home to sell, you don’t have to work with an expensive realtor or wait for the right buyer to come along. Instead, you can always work with a cash buyer and get the money you need quickly.
Just make sure you follow these tips when you start looking for the perfect buyer. When you do, you’ll be sure to get a fair price for your home.
Looking for more tips to help you sell your house fast? Check out our latest posts.