Why Sell to Cash Buyers?
Why sell to cash buyers like Local House Buyers? Selling the house could be a difficult situation. You’re likely to experience a few problems when working with real estate agents, prospective investors, and borrowers. Luckily, putting the house on the market is not your only option. Selling your home to a direct buyer like Local House Buyers is a perfect way to save you time and energy. Here are only a handful of the perks you’ll enjoy when you sell to cash buyers.
You take all the money from the sale
Sell to cash buyers means you can keep all the money, versus paying fees for real estate agents. Commission fees can be as high as six percent, and if you sell a home for $200,000, an agent can collect $12,000, taking away a big chunk of change from you.
This charge is charged regardless of the level of whether or not the agent is heading the extra mile to the competition and selling the house.
Most agents also charge a fee for listing and advertising your home, which you will avoid when you sell your house for cash.
Yes – that’s right if Local House Buyers buys your house you get all the money from the sale.
It’s a much faster sale process
To several homeowners, the key advantage is that the selling is very quick. You don’t have to hesitate before a realtor has an interest in having a peek at your property or holding countless open houses.
And best yet, there’s no sitting around for the banks to accept loans from a borrower. Within a matter of days and weeks after reaching out to a cash home buyer, you’ll get the cash in your hands and the property out of your possession
It is especially useful for a homeowner who wants cash quick – or is trying to get out of the house fast due to separation, a family crisis, or even personal choice.
And – Local House Buyers know how the stuff works so the process can be very quick
A small number of sales fall through
Whether you’ve ever sold a house before, so you know how difficult it’s to negotiate with a last-minute bidder.
Buyers often figure out they are not eligible for a loan. Alternatively, they agree they no longer want your home.
As long as you plan to sell to cash buyers, you should not worry about getting them out of the contract at the last minute. When you have the cash in your pockets, it is yours.
Local House Buyers will buy any kind of houses, also Local House Buyers is financially ready to buy houses the are available on the market.
You don’t need repairs
If your house needs extensive maintenance work or a full overhaul, it’s impossible to sell it to any family on the market. You’ll typically target to sell to cash buyers. These corporations want to buy your house to invest in renovations and to resell it for a fee. If you want to sell your house faster choose this option.
If you suspect that because of its condition your house is unlikely to sell on the market, your agent may need to find cash buyers or developers to help you sell your house. When this is the truth of the present case, it’s easier to head directly to a cash buyer and avoid charging commissions from brokers and other expenses. Many buyers outside the market must also pay for the closing costs. If, though, you think you might find any customers who would like to come in and do their upgrades and improvements, then it’s good.
Local House Buyers will buy your house even if it’s in poor condition.
If you struggle to make your monthly mortgage payments, your bank or mortgage lender may take steps to repossess your house.
It is not legally your home, after all, unless you have taken out the mortgage in full. You and the bank still own the home at that point. So, the bank could come knocking if you don’t keep up your end of the bargain. And the news’ not going to be so nice!
The civil action is known as a “foreclosure,” resulting in the loss of your house, foreclosure costs, extra court expenses, and potentially a verdict of default because the unpaid liens outweigh the home’s existing valuation. Once all is finished and gone, the credit will be taken, too.
“We at Local House Buyers are ready to find solutions in your problem, we focus on helping homeowners like you“
Unwanted inherited homes
Having an inheritance when a loved one dies doesn’t always feel like a windfall-particularly when you don’t want the particular real estate. Unless you are living in a state with a land inheritance tax, you may not want to comply with a tax bill, or you may be scared of selling the house. Often, there is the risk that you have no idea what to do about it.
It doesn’t matter if you don’t want to keep properties anyone gave you. What’s important to know is that you have choices.
If you do not want to stay in the property or use it in any way, the sale will be another choice on what to do with your unwanted inherited land. Local House Buyers can help you, please contact us to explore the property’s market value and potential sale opportunities for your unwanted inherited land. You would love to experience to sell to cash buyers.
Do any analysis to see what comparable properties to yours are going for before you contact any real estate buyer or agent. Have a clear sense of what fair market value is, that way when you hear the price, you’re not surprised. Bear in mind that fast-closing cash buyers will usually give you a little less than normal market value as they will save you a lot of real estate taxes and commissions in the long term and will also pay for the closing costs.
It saves time
If a cash buyer buys your home in cash, it will save you a lot of time too. It’s because the closure expenses will be smaller and you will have finished and closed it down in a few days to top up it all. Another larger factor that makes it easier is that you won’t have to take forever to cross-test whether or not the prospective customer will get funding sufficiently. Getting high mortgage expectations has proven certain downside is somewhere because you will find that on some occasions a purchaser is rejected the financing and that will leave you with no choice to continue with another purchaser from scratch. You can consider the procedure dragging on for several months before someone agrees to buy your house.
As an investor, selecting to sell to cash buyers will not only rescue you from all the uncertainty that the buyer will obtain funding, but you will also be spared from thinking about the appraisals needed by the buyers’ lending institutions. It’s going to be a done deal.
You can stay in your house longer
It can be very tempting to sell to cash buyers when you need to run in a hurry. This will also cater to people wanting to live longer in their houses.
If you need time to plan for your transfer and keep your money in order, you might be able to hammer out an agreement with a cash buyer and you can stay in your house until all is sorted.
Local House Buyers will help you
There are several different situations that could lead you to sell to cash buyers. When you’ve wanted to take this plunge, you may want to get a cash buyer by your side to help you.
Any of the following might be explanations why you’d feel it’s time to sell your house and sell to cash buyers:
Career changes can be a big reason to move. If you’re given a position at a specific place and don’t want to face a long ride, selling your house may be the best choice. In your new career, you will do something more local and save the money on gas.
Change in status of a relationship
Getting married is one reason a couple needs to search for a bigger home, in hopes of potentially establishing a family together and full life. But a divorce, on the other hand, is a perfect excuse to sell the old house and all the unpleasant memories associated with it.
Change in the Neighborhood
The neighborhood is also very dynamic. Once you moved to a certain place, it might have been peaceful and full of families. However, it will change over time if loud bars open next door to you. On a personal level you might even outgrow your neighborhood. To older adults who want to get away from the nightlife and find a peaceful family-oriented place, what’s perfect for students may not be ideal.
You are likely wanting to find a community that better fits your current lifestyle. Cash buyers provide a reliable source of community knowledge.
You may decide to sell your house and move either to get closer to or farther away from your relatives, as the case may be. Proximity to your family can have a strong impact on your relationships, so it will depend on how close you are to your family emotionally.
Upgrade of the Property
One of the main reasons why you sell a property is because you are hunting for something bigger and better. For example, if you have a growing family your current bungalow with two bedrooms can be too little. This could contribute to the need to have more space to find it. In addition to a growing family, an improvement in income due to advancement or a job transition may also allow you to make a move into a new property price bracket.
Downgrade of the Property
Some people, on the other hand, may decide to sell their property and move into something cheaper. This is popular among empty-nesters, or older couples whose kids moved out of their homes. They don’t need all the space anymore and can sell their bigger home for something cheaper, cozier, and more affordable.
Should I sell my house to a cash buyer?
Now that you are more conscious of these advantages and the selling cycle, do you have a response to the question “should I sell my house for cash?”
Whether the answer is “yes” or “no,” we have a lot of resources for you on our website.
Check out our articles on real estate and find out all on selling your house to a cash buyer, fixing it to sell on your own and all in between.
Mark Carpenter: Hey guys, Mark Carpenter here, Local House Buyers. Man, let me explain guys what a company like ours does, what Local House Buyers does for the community. So my acquisitions manager Wes called me up and was asking me about a problem, a motivated seller or somebody who needs to sell their house now they need to get out of their house. Bought the house very, very cheap. Long, long time ago in a reverse mortgage situation. And let me just tell you kind of what we do to help people. And so what I told him to do is, “Let’s go ahead and see if we can help her. We’ll contact the company with her. We’ll do a three way call with her. We’ll do whatever it takes to see if we can help that seller.”
Now we might not be able to, okay. That might be the issue. Depending on the reverse mortgage, depending on who the reverse mortgage was done through, depending on a lot of different things, we might not be able to help her. But I just want you to know Local House Buyers’ heart is to help you. So if you’re going through a difficult struggle, if you’re behind on your payments, if you’re going through a divorce and you’re not really sure what to do with this house, this asset that you guys have and it’s not in the best condition and you need to sell it now, or maybe it isn’t a good condition, but you need to sell it now, maybe we’re the right fit for you. Maybe Local House Buyers can help you by buying your house for cash and partnering with us in a effort to be able to sell your property fast.
Let me just give you an idea of how we work and some of the steps that it takes for us to be able to serve you as somebody who’s needing to sell your house. First and foremost, we get this all the time, “Are you guys trying to steal my house? Are you guys trying to screw me over? Are you guys trying to do this? Are you guys trying to do that?” And I understand that concern. I really do because there’s so many scams out there. You watch the news, you watch channel four in your corner and different channels like that that talk about people scamming people. I just read an article today about a Airbnb or one of our landlord friends on Facebook had an Airbnb and the guy stole all kinds of stuff out of his house and it was a horrible thing, right?
And so I just want to take that burden and take that ease off of you. First and foremost, we’re not going to do anything without you saying that that’s something that you want to do. So what our goal, what Local House Buyers of Oklahoma City is trying to do is we want to figure out, what’s your problem is. And so depending on what your problem is, it’s going to be the solution that we provide and we consider ourselves extremely creative. We want to help solve your problem, whatever problem that may be, right? If it’s during this Covid situation and you’re sheltered in place and you’re afraid that no one’s going to buy your house, that’s not true. During Covid, we can still buy your house. So our whole goal when you call us, when you come to sellyouroklahomahouse.com, when you Google Local House Buyers and you see our little deal that says, call us on the side there in Google, when you do all of those things, our main goal is to figure out, what’s your problem.
I don’t necessarily care if it’s an Oklahoma City property, [inaudible 00:04:08] property, Midwest City property, New Castle property, Edmund property, Mustang property, Yukon property, right? These are just a bunch of the different cities inside of Oklahoma that we buy in. And guys at the end of the day, the reason why we got into this business, me and my partner, Andrew Cross and myself, the reason why we got into this business was to help people. Yes, we do need to make a profit and we’ll be upfront about that. We’ll tell you, “Look, I can’t offer you that much because then we can’t make a profit on that.” But maybe the best bet is for you to go with a realtor and I’ve got a great realtor that I can refer you to. So I just want to give you a little bit of confidence in the fact that when you’re dealing with us, first and foremost, we want to help you solve your problem.
Whatever that problem is. It could be pre foreclosure, it could be going through divorce, right? It could be behind on payments, it could be taxes are just piling up on you and year after year, after year and you haven’t paid your taxes and maybe that’s what’s getting you down and you just need to sell it. Maybe the house is just in total disrepair and like the realtor says, “There’s no possible way that I can list this property for you. Nobody that’s going to buy it that way.” That’s not true. Local House Buyers will buy it in an as is condition in the condition that it is in at this current moment. We don’t need you to fix it up. We don’t need you to do anything like that. We will buy the house for cash the exact way it is.
We say we can do it in seven days and sometimes we can, depending on title company, depending on the different things that we have to pull when we buy a house. So, that’s just some of the things that we’re looking at. So when you call us, first and foremost, we want to help you and we want to figure out what your problem is. More than likely if you’re calling us, your house is not in listable condition or you were already listed. We understand that. Secondly, guys, we want to help people first. You see that right there, it says, “Local House Buyers, we help people first.” If we can’t help you… I tell people this all the time, “I would rather you at the end of the closing table and we made $100 or nothing but at the end of the table, at the end of the day and we get to the closing table and you look me in the eye and you say, you know what, Mark, your company helped me. You guys didn’t make a whole lot of money on this but you helped me.”
That makes me happy and I know that God’s going to take care of us in the long run if we don’t make a whole lot on the deal, but we can help somebody. Now we can’t do that every single time. Obviously we wouldn’t be in business, but guys, what we want to do is we want to help people first and I’ve got to give a shout out to our acquisitions manager Wes, he put pictures on this page somewhere. But man, that guy, when you talk to him, he’s just got a heart of gold and he wants to help you. And this Covid situation, a lot of people are losing their jobs. They don’t know what to do and they’re afraid they’re going to lose their house and go to foreclosure and lose everything and not only lose everything but also get a bad mark on your credit and make it harder to restart, make it harder to go to that next phase of your life.
And man, if there’s any possible way that we can help with that so you don’t have to go through that situation, give us a call. We would love to see if we can help you because we want to help you. If there’s any possible way we want to help you. So what are the steps, right? No, I’m just reiterating myself. I’m enjoying talking with you guys. But first we want to figure out your problem. Next we want to help you. If that’s referring you to a realtor because that’s what you need and you’re not a good fit for us, then that’s what we’re going to do. If coming out there and setting an appointment and taking a look at your house, and buying your house for cash, if that’s what we need to do, that’s what we’re going to do.
If there’s a way that we can help you with our resources, with our brainpower, with everything that we know about real estate, with the Andrews contracting business for the last 13 years and me being in real estate for the last four, we’ll see if we can help you. And if we can, we’ll be honest and tell you we can. If we can’t then no harm, no foul. Now are you going to steal my house? No, I’m not going to steal your house. Whatever we come to an agreement upon as far as buying your house for cash is what we buy it for. I can’t make you sign something that says that I’m still in your house from you. It’s an agreement between two people and based on where we need to be, based on the market conditions and stuff, like the people say, “I want $100,000 for my house.” Man, I would love to give you $100,000 for your house.
The problem is your house is only worth the County standards and by sales data, your house is only worth $60,000. So there’s no possible way I can give you 100,000, I can’t give you 60,000 because that’s what the house is worth. And that means that we have no room to make money as investors because now that’s buying the house at retail value. So that’s just some of the things that you might be concerned about by calling us. But number one, we want to help you guys. If there’s a way that we can help you, we want to help you.
So sorry about the long rambling on, but I just want to speak with you guys and speak to your heart and let you know that if you’re needing to sell a house and you’re needing to sell it now, we would love to serve you. Give us a call, go to sellyouroklahomahouse.com. Click on one of these buttons on the side. I’m sure that’ll take you to our website and you can fill out a form and you can talk to Wes and we’ll get you taken care of. Thank you guys so much. God bless you. Have a wonderful day.