If you want to sell your house quickly, one option could be selling directly to a real estate company that buys homes for cash. Such firms typically act as real estate investors that purchase properties using their own funds without needing bank financing; additionally they purchase homes regardless of condition allowing you to avoid making repairs before selling your home.
Not all companies that buy houses are created equal. In order to maximize your profit, select a company with a good track record and customer reviews from real customers. Also keep in mind any outstanding mortgages or liens that must be settled from sale proceeds.
Assuming you know how much your home is worth, selling it to a company that buys houses for cash should generally follow a predictable process. First, submit a quote request online or via telephone; next a representative from the company will visit and evaluate your property either physically (some companies perform online assessment as well); once they’ve determined a fair price they will make an offer that should come close to market value – but for optimal results seek assistance from local real estate agents before accepting offers from “we buy houses” companies.
Companies offering to buy your house for cash typically purchase poorly maintained properties, renovate them, and then resell them at a profit. Other firms specialize in buy-and-hold investments that purchase properties at below market prices and then rent or resell them over time; providing more sustainable returns.
Other companies, like iBuyers, act more similarly to traditional real estate brokerages in that they offer fast closing options for homeowners. By employing technology to streamline the process and currently being present in over 50 markets. They charge service fees ranging from 5-13% and typically offer closing dates ranging between 10-30 days.
HomeVestors, a national homebuying franchise with over 1,100 locations nationwide, operates under the slogan, “We Buy Ugly Houses,” to reflect their willingness to purchase properties that don’t meet list-ready conditions or exhibit other characteristics that prevent them from selling on the open market. However, iBuyers have less buying power due to competition with established real estate investment firms that have established presences in local markets; due to this stiff competition their purchasing prices may decrease due to reduced bidding wars against established investors; nevertheless iBuyers remain an excellent solution for homeowners needing quick sales of their properties.