People sell their homes to house-buying companies for many different reasons. Some have liens on their houses or inherited properties they don’t want. Others are retiring or going through divorces. Whatever your situation, a cash house-buying firm can also help you. Here’s how.
Strong Credentials
Companies that promote deals saying, “We buy houses in Columbia,” usually employ professionals who have lots of experience in real estate. These specialists have such titles as buying agent, speculator, scheduler, operator and acquisitions manager. They’ll all work diligently to get you the most money for your house.
Cash Upfront
When you sell to a legitimate cash homebuyer firm, you’ll receive cash for your residence. The amount you receive will be below market value. However, you can make up some of the difference by avoiding a real estate commission and appraisal fee, which can save you thousands of dollars.
Quick Sale
In most cases, a company that advertises, “We buy houses in Columbia,” will do transactions that can be completed within a couple of weeks. The company will need time to schedule its attorney for the closing. It will also take at least a week to get the proper forms printed and prepared for the sale.
No Repairs
With a conventional real estate sale, you would need to repair drywall, locks, plumbing fixtures and even your air conditioner. Cash home-buying companies will not expect you to make these repairs. They actually prefer to fix homes up themselves so that they can sell them at higher prices.
No Closing Costs
A company that advertises, “We buy houses in Columbia,” will typically cover all closing costs as well. Therefore, if closing costs average 3–4% in the area, you’d save $3,000 or $4,000 on a $100,000 sale.
Using a legitimate cash house-buying company will help you avoid getting turned down for a loan. In fact, you won’t need the loan because you’ll have cash to buy your next property.
Visit us on Middle Tennessee Home Buyers for more information.
