We Buy Houses in Any Condition | Fast Cash Offers in Memphis
Did you just inherit property, or are you looking to move in a hurry? You may be in a time crunch and eager to unload your property – and for a fair price. But if the property has seen better days, it’s hard to know if a traditional real estate route is even possible.
Fortunately, we have you covered. When you’re ready to sell your home, we buy houses and provide fast cash offers. Here’s why you should seek out cash home buyers!
Get a Faster Transaction
Possibly the best reason to go with a cash home buyer is the speed of the transaction. Rather than waiting and hoping for the best, you’ll get an offer within a day of filling out a simple form.
If you go the traditional route and work with an agent, you could be waiting half a year for someone to show interest in your home. You’re at the mercy of market conditions, your home’s appeal, and your agent’s skills. That’s a lot of elements that need to come together to create a favorable result.
Further, you could be on a tight timeline. You may be planning a move out of state or starting a new job. You may have inherited a home that you don’t really want, or you might simply need cash.
Cash home buyers speed up the process significantly. The closing process alone can take up to 60 days in a traditional selling scenario. But with cash buyers, you can bypass this part of the process.
You won’t need to go through mortgage lenders and other steps to transfer the title during a sale. Instead, you’ll be able to have a direct route to the buyer.
And even if you’re behind on mortgage payments or facing other financial stressors, you can still sell your home. A cash home buying company will work with you to ensure a speedy payment. You can use that money to help you take care of your financial obligations.
If you can’t move out right away, cash home buyers will work with you on that, too. You won’t be forced out even if the transaction is quick.
Remove Risks
Selling a house sounds easy enough, but it comes with lots of risks. Especially if you’ve already bought a new home, for instance, you don’t want the financial crunch of balancing two mortgages. Over time, this becomes untenable financially.
Unloading your old home quickly removes a burden so you can move on with your life. When you’re moving onto your next home quickly, you need the fastest solution possible Go with a cash buyer.
As another example, you can’t always be confident a buyer will come through once they’ve made an offer. There’s always a risk that the process will be derailed by financial challenges or differences of opinion.
The buyer can back out, for example. Or their financing may not come to fruition. As a result, you’ll be stuck with your home and have to wait it out to secure another offer.
Consider market conditions, as well, when you’re determining how to sell a home. A seller’s market means you’ll have an advantage since there is limited inventory and a buyer won’t be able to come in with a low offer. But the opposite scenario could cost you a lot.
If you’re in a buyer’s market, the market will be saturated with homes. As a result, you might get low-ball offers since buyers will have their choice of options. That makes any extra work you did to make your house look better seem useless.
If you’re juggling multiple offers on your home, you might unintentionally choose a weak offer. Negotiations could go south, too, if potential buyers are making too many demands. Going the cash offer route is a less risky alternative that won’t subject you to as much hassle.
Eliminate Complex Processes
Are you thinking, “I just need to sell my house fast?” Cash home buying companies offer the best solution. Traditional real estate processes can be time-consuming and unpredictable.
With a cash home buyer, you won’t be drowning in complex paperwork with terms you don’t fully understand. Plus, you won’t have periods where you’re waiting to find out if the next step in the process will even happen.
You won’t be waiting on lots of moving parts for the sale to go through. Everything from termite inspections to additional walk-throughs can extend the selling process.
During a traditional home sale, you’ll have hoops to jump through at all stages of the process. On the front end, you’ll need to choose an agent and meet to determine a pricing and marketing strategy. They may want to stage your home or ask you to invest in cosmetic updates.
Marketing has become a big business in traditional real estate. From drone videos to professional photographs, the process of readying your home for a listing is exhausting. All of these marketing efforts, regardless of whether they work, take time and money.
On top of that, during the sales process, agents will do home tours and you may have to vacate a home during open houses. This disrupts your day, and these tours can come with little to no notice. And they could go on for weeks without producing any results.
In a traditional process, you may wait weeks or months for an offer. And depending on the state of your home, it may never come. If it does, you’ll have to deal with headaches like home inspections and negotiations before finally reaching an agreement.
With a cash home buyer, you’ll eliminate these drawn-out processes. You’ll complete a simple form online and get a fair offer in less than a day.
Avoid Cleaning and Repairs
In a traditional home selling situation, curb appeal is critical. This means that your home’s exterior needs to look updated and inviting. But if you have peeling paint, busted gutters, or overgrown landscaping, it can be costly to make corrections.
With cash home buyers, you won’t need to worry about having the most manicured home on the block. Cash homebuyers aren’t concerned with buying the best-looking home. They won’t place contingencies on an offer, so you won’t have to worry about addressing major repairs for the transaction to go through.
This extends to your home’s interior, as well. Traditional sales processes come with home inspections and demands from potential buyers. For instance, they might include a roof replacement or HVAC replacement as part of their negotiations.
Failing to make the requested repairs could mean a deal falls through. Or you might spend thousands of dollars trying to appease a buyer. Either option is unappealing.
Even if you don’t have to make substantial repairs, you’ll still need to stay on top of keeping your home tidy for showings. Constant vacuuming, sanitizing, and decluttering takes time. Alternatively, it gets costly to pay for professional cleaners each week.
Cash home buying companies won’t have these expectations. By contrast, you can sell your home as-is and save time and money.
Steer Clear of Closing Costs and Other Fees
Did you know that closing costs on a real estate transaction can be up to 6% of the home loan amount? In other words, for a $300,000 house, that could be another $18,000. If you’re on a tight budget, you might not have the extra funds available.
These fees are inherent in the traditional real estate process, and they’re not the only extra costs to anticipate. Other common fees associated with selling a house include inspections, title and settlement processes, and taxes.
If you spend time staging your home, those costs can add up, too. Maybe that requires renting a dumpster, painting walls, and sprucing up landscaping. Your agent may want to enlist professional photographers or designers, as well.
And if you’re a new home buyer, these fees can come as a shock. Not all agents are great about demystifying costs in the real estate process. If you’re counting on receiving a certain price for your home, be aware that these fees can cut into your profits.
With cash home buying companies, you won’t have to deal with surprise fees. You’ll get a more straightforward process that doesn’t involve lots of extra people or companies. Ultimately, you’ll gain a much more convenient solution with cash home buyers.
Moving is stressful enough. And the circumstances surrounding your sale may add to it. A simple cash transaction is the easiest, stress-free way to check the home sale process off your to-do list!
We Buy Houses in Any Condition
We buy houses regardless of their condition! Cash home buyers make it easier to get cash in your pockets without the headaches of traditional real estate transactions. You’ll avoid the hidden fees and long processes in favor of a much more streamlined interaction.
At We Buy Houses Memphis, we make it easy to part ways with a property for a fair cash offer. As the premier Memphis home buyers, we won’t surprise you with hidden fees or real estate commissions – just a cash offer within 24 hours of filling out the form on our website. Contact us today to get started!