Selling to a cash buyer is an "interesting" shortcut if you are facing foreclosure, dealing with an unwanted inheritance, or simply need to move across the country next week. However, if you have the time to make minor repairs and wait for the best selling months (typically April through June), listing with a traditional agent will almost always net you a higher profit.
In exchange for the convenience, they will offer significantly less than your home's potential after-repair value—often following the "70% Rule" (offering 70% of the value minus repair costs). Red Flags to Watch Out For we buy houses legitimate
To ensure you are dealing with a reputable company, look out for these warning signs: Selling to a cash buyer is an "interesting"
You don't have to clean, repair, or even move out your old furniture. Red Flags to Watch Out For To ensure
Always ask for a "Proof of Funds" letter from their bank to ensure they actually have the cash to close the deal. Is It Right for You?
Legitimate cash buyers follow a specific business model often referred to as or fix-and-flip : Speed: They can often close in as little as 7 to 14 days.
What to look for when buying a house: A guide for home buyers