When purchasing your dream home, the thought of having to sell your house for cash rarely runs through your mind. But due to many unplanned circumstances that life throws your way like divorce, job layoff or relocation, or mortgage payments just becoming too much to handle. Whatever the reason, you are now in the position of needing to sell your house for cash in Greenville.
Advantages of cash sales
Why would someone consider selling their house for cash, isn’t that like giving it away? Many misconceptions of cash house buyers is that they want to buy the house pennies on the dollar, resell it and then make the big bucks. This sounds inhuman and scammy. The truth is if your having financial difficulties and on the verge of loosing your house to the bank, ruining your credit and all the equity you had invested in the property. Selling your house fast to a real estate investor that will pay you a fair cash offer in as little as 10 days can be your best and humane option. Most real estate Investors will pay the closing costs, lawyer fees and all the paperwork fees. And they do not charge commission. If this is what your looking for, look no further check out Greenville Home Buyers they are a reputable local company. But, if your not in a hurry, and not willing to take any less than full market value on your home. Then you may want to contact a good real estate agent to help you list your house on the market.
What about the real estate scammers?
Unfortunately there are those bad apples that give every cash buyer a bad name. There are some clues to look out for to make sure that you are dealing with a reputable company. With todays technology, it is quite simple to look up a companies credibility on line. If someone is a scammer they will NOT to leave too many tracks back to themselves, and quite frankly if it sounds too good to be true, it probably is. They will avoid bringing too much light on themselves. Since every reputable company has a website, and are quite cheep to create they too will have a website that they will refure you too. But that website will most likely not be ranked very highly on google. Google goes by a very sophisticated and routinely updated algorithm that helps the user find what they are looking for, meaning that its not easy for a scammer to outwit google. So when you search for a local and legit business that buys houses for cash and find one on the first page, they have earned their respect from google. To get more information to make sure you stay clear of cash buyer scams check out this article.
How To Sell Your House Fast For Cash in Greenville
Once you have done your research and found a good “we buy houses for cash” company, they will want to make sure some kind of purchase-and-sale agreement has been drawn up. This is usually stating that for the next how many ever days that you both agree to, they need to come up with the money for the house. Never sign over the deed to your house without first having the cash in hand. Next, they are likely to conduct a title search to make sure the title is clear, with no liens or other encumbrances. Don’t worry most real estate investors are still able to purchase properties with liens, they just need to be aware of them and the amounts again the house. The transaction has to make sense for both. And then they will want to know what kind of deed you are offering, for example, quit claim, warranty, or special warranty.
If all these things are in order, the cash buyer will make an offer. A buyer offering cash will feel he/she has more bargaining power because the sale doesn’t depend on a third-party loan and the inevitable wait. Keep in mind the offer is taking into account the repairs that may need to be done on the home. Also since the buyer is paying in cash and paying for closing costs and lawyer fees it needs to also be beneficial to them. You can always make a counteroffer if the first offer doesn’t suit you.
If an offer is accepted, the person buying a house from you will then want an inspection and possibly an appraisal done to make sure there are no huge problems and that she is getting her money’s worth. Don’t worry you are not responsible to pay for the appraisal, and it When selling your house on the market your house is required to pass the inspection, otherwise the bank will not approve the loan for the buyer. A cash buyer is not restricted by the bank and they are usually the only people who can buy homes that are in bad shape and need a lot of work.
Since this is a cash deal, you and the buyer can set the closing date for a time convenient for both of you, usually much sooner with a cash deal. You simply show up at a notary’s office with pen and cashier’s check in hand.
Here are some steps you need take before attempting to sell your house for cash.
Pricing your house right is probably the best step you can take toward making a fast sale for cash because it’s what gets people to consider your house in the first place. If your price too low, buyers will think something is wrong with the house, and a too-high price may make it sit unsold for a long period with the same result. The longer your house remains on the market, the harder it becomes to sell it because it will look like a red flag to people. Check out comparable house values in the area and price accordingly. Keep in mind that when you price your house compare it to other houses in similar condition, square footage, bed and bath.
It always pays to sweeten the deal to make it more attractive for buyers. The tried-and-true principle of reciprocity tells us that people are willing to give more (sale price) if they feel they are getting something in return (the deal sweeteners). For example, you could offer to pay some or all of the closing costs, or you could offer to provide a transferable home warranty, which would cover, say, major appliances and/or the HVAC systems.
If you need to sell your house fast and are looking for someone buying your house, these tips and steps will help you close a cash deal. But there’s, even more, you can do to get a better cash offer and expedite the sale.