Generally, when homeowners are ready to sell, they put a lot of work into getting the house clean and in good repair. However, there are occasions when this simply isn’t practical. You might want to quickly sell a house that you have inherited. Maybe you can’t afford costly repairs. Or, declining health might make this kind of work impractical. Whatever the reason, there are plenty of options for selling a home as-is.
Home buying companies are designed to take upon themselves all the work necessary for getting your home ready for a conventional sale. Because this is their trade, they have the capital to make you a reasonable cash offer. Selling your home for cash is far quicker than going through a lender. In fact, your sale to a home buying company can be completed within a matter of days. The offer will be based on your home’s condition and the market value. There will also be an inspection to ensure that there aren’t unexpected repairs to be made. You can choose to make the repairs yourself, or the price of these repairs will be deducted from the offer. Home buying companies are generally either a local real estate company or an online company that will make you an offer without even seeing the home.
Another sector that will be interested in buying your home as-is are private investors. These could be house flippers or buy-and-hold investors. These investors purchase as-is homes at a discount for a profit. Flippers generally purchase as-is homes, fix them up, and turn around and sell them for a lot more than the purchase price. Buy-and-hold investors will keep the home long-term, rent it out, and bide their time while the house gradually appreciates in value.
Not all cash buyers are institutional. Some potential buyers simply have a lot of cash, often from selling a previous home, and they are looking to purchase a home at a discount. They are willing to take on the necessary cleaning and repairs if it means that they get a significantly reduced price on a home. Non-institutional cash buyers often plan to live in the home and fix it up over time.
If you need to get out of your house fast or are unable to make necessary repairs on your home, there are options for you. You can turn to non-institutional cash buyers, private investors, and home buying companies for help.
At BuyBHM, we take all the worry away from selling a home. Click here to learn how we can buy your home as-is, for quick cash!