What does it mean to sell my house for cash?

If you need to sell your house quickly, you may consider contacting a local we buy houses company that will offer to buy your house for cash.  What does that mean?

What are the pros/cons of selling for cash?

The pros of  selling your house for cash:

• Fast close. The cash buyer is able to buy your house and close quickly.  Some cash buyers are able to close in just a few days.  All cash buyers are able to buy your house faster than a traditional buyer that may need to go to a bank and get a new mortgage.
• No new mortgage. Getting a new mortgage from a bank adds time and complexity to the sale of your house.  Banks required appraisals and inspections.  Also a bank typically will require 30-60 days for loan processing and there can be problems with loan documents at the closing table.
• Hassle free. A cash buyer just presents a check at closing.  There is not a bank involved so there won’t be any problems with funding or loan documents.

Cash buyers are great for selling your house fast.

Cons:

• A cash buyer has a limited amount of cash available to buy houses and may be only able to offer a price that is below your asking price.

How do I pay off my mortgage if I get cash?

Paying off your mortgage will be the same if you get cash or if you have a buyer getting a new mortgage.  Your cash buyer will bring a check to the closing table and your escrow or title company will use that money to pay off your mortgage.

Will it affect my credit?

It is exactly the same if you have a cash buyer of if you have a traditional buyer.  The advantage would be if you are missing payments, a cash buyer can close quickly, payoff past due late fees and help you sell your house before you miss any more mortgage payments.

Will I take a hit from the IRS?

If you sell your house for a profit, you may have to pay income tax on the profit amount but in most times there will be no hit from the IRS.

If you’re looking for a cash home buyer, vist our we buy houses website today!

What documents do I need to sell my house

When you are looking to sell your house quickly, it is in your best interest to have all of the documents needed to sell your house available before you even get an offer on your house.  You don’t want to have to stall the sale of your house due to missing documents or permits.

Here is a list of documents you may want to have ahead of time.

• Deed to the property
• Title insurance policy
• Property taxes
• Mortgage statements – you will need your payoff amounts from all lenders.
• Insurance
• Inspection report – in most cases, the buyer will get their own inspection report but if you have a recent one it can be useful.
• Warranties – if you have warranties on your home or appliances, the new buyer will appreciate having those available.
• Leases – if you have a tenant in the property, you will need a current lease agreement for the new buyer.
• Utility bills  – these will provide a guideline for expected utility costs so the buyer will know what to expect.
• Termite inspection – it is typically your responsibility to deliver the house free and clear of termites.

Now that you have all of the necessary documents, you can sell your house fast and avoid any last minute surprises. Be sure to check with your local Realtor as the documents may vary for your area.  Real estate agents or title companies can help you prepare exactly what documents will be required for your area.

Now go sell your house quickly!

How can I sell my house fast?

If you’re asking, how can I sell my house fast, you’ve come to the right place.  Here are some great ways to sell your house fast!

Clean and clear – The house needs to be extremely clean and clear of clutter.  New paint, new flooring, and new appliances can help to create a great feel to the house.  Also, curb appeal is very important so exterior paint and landscaping.  You may consider updating your front door to improve your buyer’s first impression.  A great smelling house will make it more attractive to buyers as well.

Home staging – One of the most economical thing to do is hire a professional home stager.  For less than your next mortgage payment, you could have your home professionally staged and start seeing offers within days.  A professional home stager looks at the entire property….from the curb to the interior.  They will address all areas….first impression, flow, lighting, cleanliness and smell.  Avoid

Below market value – Determine the market value for your home and what other houses are selling for in your area.  If you are able to price your home 10% below other recent sales, it is likely to generate a buzz from buyers.

Offer incentives – Offer a trip to Hawaii, a flat screen TV, anything that will help you house stand out from the rest on the market.  You need to sell your house fast, give your buyer an incentive to purchase your house and stop looking at the rest.

Contact a professional home buyer - A professional home buyer, or we buy houses company, is able to offer a creative purchase that will allow you to sell your house fast.  Take a look a this article, Why Should I Sell My House to a We Buy Houses Real Estate Investor.  You can get a fair price, avoid having to paint and clean your house, and sell your house fast.  Contact  a professional house buyer today to get an offer on your house.

How can you sell your house without a realtor?

Sell your house without a real estate agent.

You may be asking yourself, “Can I really sell my house without a realtor?”

The answer is Yes!  You can sell your house without a real estate agent in any market. There are a couple ways to sell your house by yourself.

1. List your house For Sale By Owner (FSBO).

When you want to sell your house by yourself, it can be a time consuming and frustrating process but you may be able to save thousands in fees and commissions. Here are some basis steps

• Put a sign in your yard and advertise your house for sale.
• Show your house to prospective buyers, and hope that one of those buyers will make an offer.
• Review any offers and accept the best offer.
• Find a title company that will help set up escrow and complete the transaction.

2. Sell your house to a professional real estate investor

By selling your house to a professional investor, you can avoid having to do costly repairs, get your house sold fast, and in most times the investor will cover all your closing costs and fees.  You can avoid having to show your house to prospective buyers, you can avoid having to clean up your house and fix up any minor or major repairs.  You can choose the exact date that you would like to move out and when you would like to close the transaction.

It’s easy to find a professional real estate investor in your area.  Look in the classifieds for a we buy houses company.  These are companies advertising to buy houses in your area.  Investors have private money waiting to be spent on houses like yours.  Check with the Better Business Bureau to make sure the company is in good standing and check the references of past clients.  Then sell your house fast, without a Realtor!

Why Sell My House to an Investor ?

Why should I sell my house to a we buy houses real estate investor?

1. Sell your house fast.  Most people who try selling their house themselves or through a real estate agent find that it is anything but a “fast” process in most cases. Unless you are willing to sell your house at a significantly reduced price, in many markets you could find yourself waiting 3 to 6 months before you accept an offer.
On the other hand, a we buy houses investor with private funds can often close a house purchase in 7 days or less.

2. Offers flexible to meet your needs.  If you need to close quickly, that can be arranged.  If you want cash all at once or a monthly cash flow, an investor can do those, too. Investors can also make up past payments and take over current payments to immediately relieve any financial burdens.

3. Investors buy any house, any condition, any reason.  Investors might buy someone’s house when no one else will. In many cases investors buy houses that have fire damage, termites, mold, foundation problems, roof problems or need major repairs. Houses with these conditions scare most buyers and real estate agents hate listing them because they know such houses are hard to sell.

4. You do not have to pay real estate commissions to a Realtor.

5. No need to make any repairs to your house to get it to sell in almost all cases the investor will buy your house as-is.

6. A real estate investor can help in any of the following trying situations:

• Behind on Payments
• Need to sell quick
• Moving/Relocating
• Job Transfer
• Divorce
• No Equity
• Facing Foreclosure
• Disability
• Bad Tenants/No Longer want to landlord
• Home needs repairs
• Pre-foreclosure
• Listing Expired
• Inherited Property

We encourage you to investigate all avenues of getting your house sold in the way that best meets their needs. If you decide that working with a we buy houses real estate investor to buy your house makes the most sense, then contact a local investor that is more than willing to help.