Selling Your Home For Cash
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When you inherit a property in another city or you’re faced with a job relocation or whatever it is, and you need to sell your house fast, get the money, and move on, the quick way to do this is to sell your house for cash.
You’ve probably seen an advertisement to sell your house for cash fast, whether on a billboard, or an online ad or flyer in the mail. You are probably asking yourself what is the deal with selling your house for cash? Is it actually legit? Who is the buyer behind that pile of money?
Here’s what you need to know before you sell your house for cash. It’s not like a normal home sale!
First, let’s go over who all cash-buyers generally are?
Cash home buyers are real estate investors. There are a few different types of real estate investors that you should know about:
The newest investors on the scene like RedfinNow, Zillow, iBuyers, Opendoor, and more. They use an automated valuation model and other technology to make quick cash offers on residential homes
You also have the fix and flip investors or the house flippers. Those investors who put down all-cash offers under stress properties in desirable locations, flip them and then resell them for a profit.
There are also buy in-hold investors. Those are big professional experience investors companies who buy properties and then rent them out to make money – also known as institutional investors or real estate investment trusts. Those guys like BlackRock Asset Management Canada Ltd, CI Investments Inc, and more… snatch up single-family homes across the country.
Working with one of these investors isn’t really the go-to best choice for who you should or shouldn’t sell your house for cash to.
Each different investor mostly works the same. You’ll submit your property information and receive an offer within a couple of days. There is no commitment to accept the offer, and it doesn’t hurt to check it out depending on your market. You can get dozens of all-cash offers on your house.
The most important thing you should know before you sell your house for cash is that you likely won’t make the same amount of money you would with a real estate agent.
Real estate investors that offer to buy homes quickly for cash, usually offer somewhere in between the ballpark of 65% to 85% of a home’s market value. That’s why it’s important to know that selling your house for cash, might not be the best option for you unless you need to cash your property as soon as possible.
Working with a qualified real estate agent may take additional time, it may cost you money upfront, but you will receive more money from the sale of your home. AND THIS IS THE MOST VALUABLE OUTCOME!
Like all-cash offers, there is no obligation to check out your options with professionals-so why not connect with us and see how much we can sell your house. Every successful move in life requires a plan; we call it MAP (Marketing Action Plan).
Let us show you how we can help you navigate your path to a successful choice.
You can send us a message/call/text to (647) 621 7344 or fill out the form for your convenience.