Getting a Cash Offer – What You Need To Know
You may have seen these advertisements around town, while surfing the web or even on Fb while scrolling. “We Buy Houses For Cash” or “Sell My House Fast”. So whats the catch? Is there really legitimate House Buyers out there willing to pay you cash for your house? Yes there is. In fact there are companies like Dynamic Property Solutions who will buy your house as-is, pay you cash, and even pay for all the closing costs and fees associated with the sale.
These companies make a living off of buying fix up houses, fixing them up and selling them for a profit. Lets show you an example: Betty is a seller in Delaware who has a house she inherited from her parents. The house has been sitting vacant for over a year and is everything but falling in on itself. She does not have the money, the time or the no how to fix this house up in order to list it on the market. So Betty calls Dynamic Property Solutions. A Local house buying company in Delaware. This is a perfect fit for them so they make Betty their best offer. Betty accepts and closes in 2 weeks.
How To Negotiate a Cash Offer
Selling your house for cash, when using a reputable house buyer is simple to negotiate. In many cases, when you choose a local credible company, they want to buy your house just as bad as you want to sell it. This means they will make you their very best offer upfront. But everything is always up for negotiation including how quickly you close and the amount you need. If the initial cash offer is not something that works for you, ask about their creative finance options. This is a great way to sell your house especially if you want top dollar or close to it.
Also keep in mind that a lot of negotiations you make during a real estate transaction are based on other things besides the actual amount. Inspections, Financing contingencies, who pays the closing costs etc. When you sell to a cash buyer you do not have to worry about any of these things. A typical house buyer will do little to no inspections, pay in cash and pay all fees associated with the closing of the property
Should I Sell My House For Cash?
This is not a one size fits all type of situation. Whether you choose to sell your house for cash depends on several factors that only you can determine. A few things to keep in mind are..
- How fast you want to close?
- Does your house need work or is it market ready?
- Do you mind taking the chance on your house not selling for several months if listed?
- Do you have the time and money to put into repairs if needed?
Selling to an all cash buyer is for sellers who want to sell their house quickly without the hassle of a traditional sale. For people who do not have the spare time or money to deal with making repairs or getting the house spotless for showings. Your best bet would be to talk to a Real Estate Pro from a company like Dynamic Property solutions to weigh your options. They can help you by not only buying your house for cash but listing it on the market if that is a better fit.