Selling your house to a cash buyer is an excellent way to sell your home without going to all the trouble of getting it ready for sale on the open market. A reputable buyer can give you a cash offer and all you have to do is choose a closing date.
Surprisingly, there are multiple cash buyers in Roanoke to choose from. If you are going to work with a cash buyer, you want to make sure you are getting an honest, fair price for your home and are working with a reputable investor, not someone who is going to take advantage of you.
To ensure you’re working with a reputable buyer here are some simple questions to help you in the vetting process:
Do You Have Proof of Funds?
Legitimate cash buyers will be able to offer proof of funds. Some savvy cash buyers will get you to sell your house to them even though they don’t have the money to pay for it. Instead, they’re planning to get an “equitable title” and sell their interest in the contract to another investor. This is legal, but typically means you’ll be receiving a lower price for your home than you should.
Do You Offer an Earnest Money Deposit?
Another way to ensure your cash buyer has funds and is willing to buy your home is to ask for an earnest money deposit. However, a real cash buyer may also just give you cash on the spot.
Who Is Your Preferred Closing Agent or Title Company?
Cash buyers tend to form relationships with a closing agent or use the same title company for their transactions. These are separate entities that should give you an honest answer. Ask your potential cash buyer who they prefer to use. This will also give you insight into how they operate – are they a large operation, or is it a one-man team? Do they do any of the admin work in house? You can use their title company as a reference as well.
Ask for References
One of the simplist forms of vetting a business is simply to ask for references. A legitimate and trustworthy company should be able to hand you the names of some customers or vendors that they use.
What Are Your Fees?
One of the benefits of selling to a cash buyer is avoiding agent commissions and other expensive closing fees. Most reputable cash buyers will cover all the fees themselves. Expect an honest, confident answer from a potential cash buyer.
How Long Is Your Closing Period?
A big advantage to using a cash buyer is that you can sell your home far faster. Instead of the typical 30 days to close, cash buyers can close in as little as 7 days. However, that might be too fast for you if you need time to get your stuff together to move. Look for a buyer that allows you to pick a closing date at your convenience.
Finding a Cash Buyer in Roanoke
It is important to be educated about cash buyers and what to look for when you are finding a cash buyer in Roanoke. Take a look at “We buy houses” in Roanoke for more information about the process and how to make a confident decision.
Here at Quick Fix Real Estate, we are delighted to give fair cash offers on homes here in Roanoke, Virginia. We are transparent which our clients throughout the entire process. Our goal is to ensure that everybody walks away happy after the deal. Here at Quick Fix in Roanoke, we:
- Pay in cash, on the spot
- Pay all of the closing fees and the seller pays nothing
- Let the seller choose their own closing date
Ready to be home free from closing costs, expensive repairs, or other undesirable conditions? Contact us today for your offer!