You’ve probably heard or seen the ads for those companies that say “We buy houses!” These companies claim to offer cash for houses in “as is” condition, with no fees and none of the hoops to jump through which are associated with a traditional real estate transaction. The first question to come into the minds of many a prospective seller is, naturally, is this too good to be true? Especially in today’s so-so real estate market, it’s normal to be skeptical. So here are a few facts about the “we buy houses” people that every prospective seller should know.ATL Fair Offer
“We Buy Houses” Companies Are Real Estate Investors
When you sell a house to an individual, you are usually dealing with someone who plans to live in the structure. That means that it must be in good repair and aesthetically pleasing to prospective buyers if you want to sell it at a good price. Contrary to this scenario, “we buy houses” companies are typically representative of a real estate investment group. This major difference apparent here is that someone buying real estate as an investment likely has the tools and means to make the necessary structural and/or cosmetic improvements to the property. An investment group has a different set of intentions than a private buyer does, and therefore looks at the property in a different light. For homeowners looking to sell quickly and for those whose homes may be in need of some improvements prior to putting them up for sale, this is often a very appealing and appropriate option.
“We Buy Houses” Companies Are Fast
In today’s market, putting a house up for sale does not mean that you can expect to receive an offer on it anytime soon. If you’re lucky, you may get an interested party or two in the first few weeks, but in many cases houses for sale remain on the market for months or even years. “We buy houses” companies, on the other hand, usually make an offer on the house – regardless of the condition – within a few days. If you need to sell your house fast – whatever the reason – this is the only way to assure a timely sale.
“We Buy Houses” Companies Pay Cash
For people who need to sell a house quickly, there are two major hurdles to jump. Not only is the traditional sale of a house extremely uncertain with regard to the time it will take to sell, but once an interested buyer is found, the closing process can take a long time to complete, as well. Because “We Buy Houses” companies typically deal in cash, there is no waiting period for the deal to close. You simply make the call, review the offer and, if you choose to accept, all the necessary paperwork takes just a few days to complete and process. At the end, you receive a straight cash payment and there are no fees or closing costs on the part of the seller.
Naturally there are other options for selling a house, such as trying to sell it yourself or utilizing the services of a real estate professional. But for those who wish to sell a house quickly and with the least amount of hassle, “We buy houses” services provide a very efficient and practical solution.