When it comes to selling homes quickly, there’s no better option than cash home buyers. Cash buyers specialize in buying houses from owners who desperately need out of their current situation. It could be because they’re falling behind on payments, going through a divorce, or can’t afford renovations to sell the house traditionally.
In many cases, cash buyers are a saving grace. However, selling your house is a big decision. You don’t want to make a choice you’ll end up regretting later.
We’re here to help. Keep reading for seven factors to consider when choosing cash home buyers.
1. What Types of Homes Do They Buy?
First, it’s important to recognize that not all cash home buyers operate the same way. For example, some companies only buy homes if they meet a certain standard. If it’s in too rough of shape or has fundamental damages, they may not give you a cash offer.
Therefore, if your house needs a lot of repairs, make sure the cash home buyer will accept it. At We Buy Houses Memphis, we will give you an offer on your home no matter what condition it’s in. That way, you won’t have to try to sell it as-is in the traditional real estate market.
2. Do They Have a Good Reputation?
One of the most important factors to consider when choosing cash home buyers is their reputation. You don’t want to work with a company that has a bad reputation for ripping people off or being difficult to work with.
Before selecting a cash buyer, do some research and take some time reading online reviews to find out more about how other people in the community perceive them. You should be able to find Google reviews or testimonials on their website.
We Buy Houses Memphis is proud of our 4-star Google rating and our A+ BBB score. We strive to provide top-notch customer services, fair prices, and quick closing.
3. How Quickly Can They Get the Ball Rolling?
One of the most frequently asked questions sellers ask is how quickly they can get their house sold. If you’re looking at your cash home buyer options, odds are you need your home sold as quickly as possible. Therefore, choosing cash home buyers that don’t mess around is essential.
When you fill out our form at We Buy Houses Memphis, we’ll respond within minutes to set up a time that’s convenient for you to inspect your home. Once we’ve inspected your home, you’ll receive a fair cash offer within 24 hours.
4. How Quickly Can They Close?
The traditional home closing process usually takes between four and six weeks. This is, of course, assuming everything goes smoothly. Unfortunately, however, buyers can disqualify themselves or back out willingly at any point in the closing process.
Even if you were a day away from closing, this would mean starting the entire process over again. For people interested in selling homes quickly, this is not an attractive option.
Cash home buyers have a guaranteed closing process. When choosing cash home buyers, select one that can close exactly when you need them to.
At We Buy Houses Memphis, we can close in just a few days. Conversely, if you need to push the closing date out, you can choose the exact day based on your needs.
5. What Areas Do They Service?
The next question you need to answer is whether or not your home falls within the boundaries of the cash home buyer. Will they provide a cash offer for homes in your area? What if you live out of town or out of state?
This is an important question to ask right off the bat. At We Buy Houses Memphis, we service areas in Tennessee and Mississippi. If you’re not sure if your home falls within our reach, fill out our form for a cash offer and we’ll get back to you as quickly as possible.
6. Will They Buy a Home If You’re Behind On Your Mortgage?
One of the most common reasons sellers look for quick sales is because they’re facing a foreclosure. We all fall on hard times. Right now, with inflation, nearly 64% of Americans are living paycheck to paycheck.
If you’ve fallen behind on your mortgage, you could be facing foreclosure. If the bank forecloses on your house it will do considerable damage to your credit score, which will make it even harder to find a new place to live.
When choosing cash home buyers, make sure they will buy your home, even if you’re behind on payments. At We Buy Houses Memphis, this will not pose a problem.
7. What is Their Offer and What Fees Will You Have to Pay?
Finally, find a cash home buyer that will give you a fair home price. Find out how they come up with their offer.
For example, cash home buyers must take their own costs into consideration. This includes how much work they’ll need to put into it after purchasing the home from you.
Additionally, learn more about any other fees you might be responsible for. When working with a cash home buyer, you shouldn’t have to worry about realtor fees, inspection fees, appraisal fees, cleaning, or staging.
At We Buy Houses Memphis, you don’t even have to worry about closing costs. The offer we give you will have no strings attached. There will be zero fees you’re responsible for, which will make it easier to budget for the deal.
Are You in the Process of Choosing Cash Home Buyers?
Selling homes quickly is easier than most people think, especially when working with cash home buyers. However, it’s still important to do your homework and ask the right questions to ensure you get the best offer for your home. Follow the seven tips listed above when choosing cash home buyers for the best results.
And if you’re ready to get the ball rolling, we’re here for you. Contact us today to get a free cash offer for your home or look through our website to learn more about our process. And, of course, feel free to ask any questions you might have.