A lot of people may be wary of cash buying services and some might even see them as predatory.
But there are many cases when they could be your best or even only option if you want to make a speedy sale.
These services know how to evaluate a house, and it’s in their interest to give you an offer that works both for you and them. This is why you shouldn’t dismiss them and see what they have to offer.
Let’s take a look at some of the reasons why dealing with a cash home buyer could work in your case.
One of the benefits of working with a home buying service vs the average buyer is that there is no pressure and no mind games being played. The offer they give you will be there whether you decide to sell it now or wait, while a buyer may decide to lower the price once they realize how motivated you are to make the sale.
Another benefit of working with a cash home buyer is that they are less likely to flake. They will know the facts of the house and have the capital to buy it, so there’s no risk that they run into issues with their mortgage lender.
That’s why many sellers will pick a cash offer before one financed by a mortgage, even if it’s slightly lower. Being able to close fast with no hassle and the additional stress that comes with it is definitely worth it in most cases.
The State of Your Property:
There are also cases when a property might not be attractive to a regular home buyer, but very desirable for a cash home buyer.
These people usually have a much more extensive network of resources they can pool from. They have people who can perform repairs at a fraction of the price of the average person on the street.
They will also have insider information on the market they operate in, which lets them know the true value of your property now and in the future. If you’re in a market like San Diego, a company like BlueprintHomes.com can help.
You Can’t Sell the Home:
If your house has been on the market for months and you can’t get a sale, then these services might be your only option. If you’ve tried lowering the price and making changes but still can’t sell the property, you should think twice about pumping more money into the property and speak with a cash buyer.
Like we said earlier, there might be some serious defects with the house that makes it a bad option for most buyers. A good cash buying service will know exactly how much they’ll need to put in and give you a reasonable offer taking these costs into consideration.
These are all reasons why cash home buying services deserve a closer look if you’re a home seller. They have many things going for them and could be much more convenient, so we suggest you consider the option.