These days, an increasing number of people are interested in selling their homes for cash instead of the usual method of hiring a realtor. The benefits are clear, but then again, not all cash home buyers are created equal. This is why choosing one must be done with a little homework and lots of common sense.
If you’re looking for an investor who will buy your house for cash, here are steps to consider:
Do some research.
If you’ve got your eyes on a particular buyer, do some research and get to know them a little more. Obviously, online is your best place to do it. Go to their website and look for details about them. Do they have a physical office or landline number, or do they operate strictly on the Internet? It’s okay to deal with purely online buyers provided you have a way of verifying who they are.
It’s always better to choose a local investor and there’s a good reason for this. After all, these people know the neighborhoods first hand, which means they have direct experience with local legislation as well as pricing. Two, as you are from one and the same community, there is less chance of a conflict in terms of things like property assessment and general expectations from the sale process.
Check online reviews and speak to client references.
This can give you a lot of information that you can use in deciding on a buyer. Be careful though because may places online feature misleading, if not totally fake, reviews. For credibly, don’t veer away from well-known consumer sites (for example, Yelp, Angie’s List, The Yellow Pages, etc.). Aside from reading reviews, you might actually want to talk to an investor’s former customers. If they don’t seem interested to give you references, then that’s a sign that you ought to consider another potential buyer.
Be honest about your property’s condition.
As you probably know, one of the perks of selling your house for cash is that it doesn’t matter what condition your property is in. They’re going to fix it themselves the way they think they will gain more profit from it. In other words, you don’t have to lie. Remember that if you do and they find out about, they could cancel the deal any minute.
Ask questions as necessary.
Finally, home selling can be a long and complicated process for people who lack experience. From determining the price to getting the documents in order, it can certainly be a challenge. So if there are questions that you need answers to, go ahead and ask the investor or anyone with good real estate experience. More information usually leads to a better choice of a cash home buyer.