Are there companies that buy houses for cash? Simply put, yes. If you prefer to sell your house quickly, you now have the option to do so. This has become an alternative to the traditional real estate process for those that are looking to avoid foreclosure, sell an inheritance, or get rid of a home that needs a lot of repairs. Home buyer companies usually consist of a group of real estate investors. Many of them will buy your home as is, renovate it, and then attempt to re-sell it. Your process should go similar to this with a legitimate home buyer company:
How to Find Companies That Buy Houses For Cash?
Step 1: Research, then make contact with the company. Unfortunately, there are home buyer scams out there. However, if you do your research, you can easily avoid them. Look for their credentials at a trusted source, such as the Better Business Bureau (BBB). Upon making contact, inquire if the company would be willing to make an immediate down payment (5% of asking price is typical) should you agree to their offer. They should be able to do so, as proof of their intentions.
Step 2: The company will appraise the value of your home. They will typically come out to your home and assess the condition of the home. Keep in mind, since they will be buying your home as is, any needed repairs to re-sell the home will be factored into their offer(s).
Step 3: Negotiate your cash sale price. Since there are no real estate agents involved in the cash for houses process, you will be doing the negotiating. The company will make the initial offer, and you’ll be free to accept it or make a counter-offer directly. It’s a good idea to set a minimum of what you’re willing to accept before negotiating. If you’re unable to come to an agreement with one company, you’ll be able to seek other offers.
Step 4: Putting it in writing. Once you come to an agreement with the company, papers will be written up. While they won’t be nearly as extensive as a typical home sale, getting the agreement in writing protects both parties.
Step 5: Receive payment. You should receive payment within a matter of weeks, if not days.