We buy houses companies are a convenient way to sell your home for cash without the hassle of listing it on the market with a real estate agent. They often make offers within 24-48 hours of submitting information about your property and close in as little as seven days. However, there are several things you should keep in mind before accepting a home sale offer from a cash buyer.
Some “We Buy Houses” companies are scams!
In general, most companies that advertise they buy houses are legitimate. Some are national franchises and others are family-owned businesses. If you do find a company that is suspicious, look up their customer reviews and call the Better Business Bureau for more information.
Some cash buyers add hidden fees to their offers that drastically lower the amount you receive for your home. This can cost you a lot of money in the end.
If you want to sell your house for cash, a local company such as Express Homebuyers can give you an offer right after a walkthrough and close in as little as seven days. They can also negotiate with you on your behalf to get you the most sale price possible.
These companies may also buy homes we buy houses Winnipeg that need repairs, if the house isn’t in great condition. This makes them a good option for sellers who need to sell fast and who don’t have time to wait for a home inspection or appraisal.
They typically pay a fair price for homes, though they don’t always pay top dollar. That’s why it’s important to compare offers from different companies before accepting an offer.
You’ll need to consider the location and condition of your home when deciding which company is best for you. It’s also important to know that these companies have strict purchase criteria.
Some cash buyers, like Express Homebuyers, buy homes as-is, so you don’t have to pay for repairs before selling. They can also make quick, fair offers for your home and close quickly.
Another cash-buying service is iBuyers, which is a network of investors who are ready to buy houses in the immediate vicinity. They generally don’t offer as much money as a We Buy Houses company, but they do have a faster turnaround time and can usually make you an offer in as little as 24 hours.
They also can take care of all the closing costs, which can be helpful for sellers with limited resources. They can even pay for a professional to stage your home before they buy it.
iBuyers are also a good option for sellers who have homes in poor condition that need extensive repairs. If your house needs significant cosmetic work, you might be better off working with a cash buyer or listing it on the open market with a real estate agent.
The biggest drawback to iBuyers is that they typically have high service fees, averaging 6% to 15% of the sale price.