Understanding Cash Buyers Is Easy!
You have seen all the signs and ads saying “Sell your house for cash”… But what does that actually mean? Who are these cash buyers? Watch our short video to get an understanding of who cash buyers are and where they get their money from.
Who are all these “Cash Buyers?”
By definition, cash buyers are individuals or companies that buy your house outright all at once, without any lender financing.
But not all buyers are made the same…
In fact, you can separate all cash home buyers into a few categories,
1. Buy and Hold Investors
These are investors who purchase homes and turn them into rental properties.
These types of investors have more flexible closing dates and can typically offer you a better price than our next category…
2. House Flippers
Now think HGTV with Chip and Joanna Gaines, they buy homes, usually in poor condition, with the intention of renovating and flipping it for more. These types of buyers will typically offer you a lowball number for your home.
iBuyers are the biggest and newest players when it comes to selling your house for cash.
They have a computer system that makes offers for them, so they usually don’t provide the best customer service.
With all these different companies, what’s your best option?
Life events and circumstances such as divorce, foreclosure, bankruptcy, or employment transfer all make the option of selling your house for a quick, no-fuss transaction more attractive. But that doesn’t mean you shouldn’t do your homework.
A lot of these companies have been around for 15 minutes and won’t give you the best possible service and guidance when selling your home.
Call, Text, or fill out a form today and get a free no obligation cash offer on your property.