Are Cash Buyers Legitimate? How Do They Work?
Cash buyers have been popping up everywhere over the past few years, and some actually do have legitimate transactions to back up their claims.
But, can you really trust them? Or, perhaps more importantly, how do they even work?
How do Real Estate Investors Work?
Cash buyers are companies who say that “we buy houses NJ” for cash. What they won’t tell you is that their offers are usually below-market, which doesn’t sound that bad when you consider that they promise to have the home-selling process expedited and sped up so that everything is over in as little time as a month.
That’s much, much, much less time than the traditional way of selling a house.
Not to mention, cash buyers don’t just promise to buy houses for cash — they promise to buy houses as-is without any repairs or renovations done whatsoever.
How they work is that they wait for someone to let them know that they’re selling their house, they inspect it personally, and they make an offer. If the seller agrees, the buy prepares the necessary contracts for signing, which no longer involves any kind of commissions or fees typically associated with the traditional means of selling a house with a real estate broker.
Should You Sell Your House to a Real Estate Investor?
Now, if you have a property, and you’re looking to sell, you have multiple options: you can sell it yourself, or have it listed with a real estate agent, or sell it to a cash buyer.
All three of those options are great for their particular cases, but, if you need money right away, you might want to consider selling to a cash buyer.
You see, the reason why they’re considered as the best answer to the question, “how do I sell my house fast?”, is because, they do get your property off of your hands in little time. In fact, it very rarely takes them more than a month to close the deal and give you the money that they promised. The best part is that they buy your house as-is, so you don’t have to worry about making it look pretty or anything.
Of course, if you’re willing to foot the bill and stage or renovate your house, or do both, then by all means, do it. You surely will be able to get more money out of your property that way.
Before you do that, however, consider that selling the house traditionally, or on your own, involves a number of fees. This includes fees for your real estate agents, for listing, staging, as well as renovations and taxes, which, in total, could easily be worth thousands and thousands of dollars.
With a cash buyer, you don’t have to worry about that.
The only thing you need to worry about with a cash buyer is to make sure that you’re working with a reputable real estate investor.