Home sellers have many reasons for using cash house-buying companies. Some have mounting medical bills from illnesses while others are behind on their mortgage payments. If you’re in a compromising position where you need to sell your house soon, you should consider contacting a reputable cash home-buying firm. Here are some reasons why.
Legitimate companies that offer “We buy houses in California” deals will actually purchase your house and pay cash for it. On the contrary, unscrupulous individuals or firms will just want to assume your loan so they can sell to other investors for substantial profits. That’s why it’s always best to research these homebuyer companies before doing business with them.
Get Your House Sold Fast
The better cash house-buying establishments will usually make offers on homes within the first 24 hours. They’ll then complete the purchasing process in a week to 10 days. In most cases, you’ll get to choose the actual closing date.
Some traditional buyers will expect you to make expensive repairs to plumbing fixtures and cracked foundations before they’ll purchase your house. You may also have to upgrade carpets and tiles. Firms that offer “We buy houses in California” settlements will not require any repairs. Most prefer to complete various deals quickly, remodel the homes themselves and sell them for large profits.
An established cash house-buying company will know the local real estate market well. Therefore, it won’t request that you get your house appraised.
Company Pays Closing Costs
Typical closing costs run between 2 and 5 percent, according to Zillow. That means you would pay as much as $10,000 on a $200,000 home sale. With a “We buy houses in California” transaction, the company will usually pay closing costs.
Most cash house-buying companies are legitimate businesses that operate with honesty and decorum. However, you still need to do your due diligence to select the firm that works best for you.
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