What are the pros and cons of selling to a Connecticut, home buyer? Are they real people? How do they buy my house? Don’t they buy houses for a low price?
We get this question a lot. During the consultation, we answer these questions for our customers. Here we’re writing this blog to address your concerns if you were facing the same issues but didn’t yet contact us.
Should You Sell Your Home to a Cash Buyer in Connecticut?
Like with everything in life, it’s your choice. Should you eat Mexican food? Should you try that new club in the city?
You don’t take a survey to determine the answer. It’s your choice. You want to know whether selling your home to a cash buyer will be a profitable option or not. There are pros and cons of selling the property to a house buying firm. Pros include flexibility, as-is sale, and cash offers. Direct buyers can go out of their way to help you because there is no intermediary and the deal depends upon the satisfaction of both parties.
Pros of Selling Your Home for Cash in Connecticut
Traditionally speaking, it can take 45-60 days to close on a house. That’s after you have found a suitable buyer for your home. Selling to a cash buyer is different. When there is cash on hand, you don’t have to wait for mortgage approval. The funds are readily available, and if both parties agree on the terms, you can close the deal in as little as 7-10 days.
Save Money on Realtor Commissions:
For a house priced at $240k, you’ll pay $14,500 in realtor commissions. 3% of that commission goes to the listing agent and 3% to the buyer’s agent. Selling to a cash buyer gives you the option to save money on real estate commissions. That can be a saving of $14,500 while your house is sold in less than ten days.
Real estate investors can offer you out-of-box creative solutions. If you need help with a particular situation, feel free to call a reputable real estate buyer in your area, and they’ll surely go out of their way to help you.
For example, if you’re selling an out-of-state property, you can request to digitalize the selling process. Documents can be transferred to you, and you can manage the entire process through Skype or email communication.
An investor can also help if you’re selling a pre-foreclosure or a short sale property. For those who are selling an inherited house, you can get cleaning help. Let us know how can we help you and we’ll glad to offer a solution.
Real estate redevelopers are interested in remodeling the property on their own. You don’t have to make repairs to the property. You can sell the house as-is which is one of the factors that contribute to a quick closing.
Cash Price Offer:
Probably, the best part about selling a house to a cash buyer is that you are presented with a cash price offer. A direct cash offer eliminates the obstacles. There are no appraisal or inspection problems that arise when the buyer requires a mortgage. We’ll close at the local attorney’s office, and you’ll get the cash at the day of closing.
Choose the Selling Date:
Flexibility is an integral component here. You can decide the closing date. Let us know your schedule, and we’ll close at a time of your choice.
Cons of Selling Your Home to a Cash Buyer in Connecticut
Selling the house to a cash buyer might not be the right option for you. If you can afford to make repairs and your home is in a top-notch condition, then we recommend that you list your home with an agent and sell the property in the retail market. Probably the downside of selling a house to a cash buyer is that it’s not going to be a retail sale of the home. You’ll get a cash price offer, but it might be lower than what you’ll get for a remodeled house in the retail market.
Here, you can see how we calculate our cash price offers.
Real Estate Investors Don’t Require a License
Most investment firms have their companies registered, but they don’t necessarily have a license. Real estate investors are direct buyers and buying a house doesn’t require a permit. There are scam artists out there. Unfortunately, when facing foreclosure or bankruptcy, people are desperate to find help and scammers can try to benefit from your situation. When you consider selling home for cash, do check reviews of the company. Interview the buyer and ensure they have a process in place for buying your house.
For more information regarding the selling process or payment methods, please give us a call. You can also leave a comment here, and we’ll answer your queries.