ARE THE "WE BUY HOUSES" SIGNS real or a scam?
You’ve probably seen the signs “We Buy Houses” or “We Pay Cash For Houses” on the corners of the streets around town. And we’re sure you’ve asked yourself, “are these legit or a scam?”. We’re here to tell you that they are indeed not a scam and they are legitimate!
The people who are putting these signs up are called cash buyers. If you are wanting to sell your home to get into something new or if you are needing to relocate then cash buyers are great to work with. A cash buyer is someone who will purchase your home quicker than anyone else can, and the process will be cut in half. We will go over what a cash buyer does and why working with them will benefit you.
What is a cash buyer?
A cash buyer will purchase any home in any condition as is. They will pay cash so that they can purchase the home in a quick seven days. Since they are paying with cash they will not have to go through the long process to qualify for a loan. This will shorten the closing process in over half the time. A cash buyer will never back out and they will offer you a guaranteed price.
Why is working with a cash buyer beneficial?
A damaged home
If your home is damaged or ugly, you can sell it to a cash buyer as is. This means that you won’t need to make ANY time-consuming repairs or expensive renovations. This is one of the biggest benefits of selling to a cash buyer. In most cases, the repairs and renovations don’t add to the selling value of the home so you just end up wasting time and money anyways.
No realtor fees
If you decide to sell your home to a realtor, then this is not only going to be a long process, but a pricey one too. Did you know that a realtor takes between 4-6% of the home’s selling price? This is a HUGE expense! Cut out the realtor and sell to a cash buyer instead! They won’t charge you any realtor fees, so you can keep your money and put it into your next home purchase.
If you try to sell your home on your own or through a realtor, be prepared for this to be a long process. Your home can sit on the market for months or even a year before it is sold. Once you find an interested buyer there is a chance that things won’t work out. They can back out the last minute or the loan can fall through, this will leave you back to square one.
When you sell to a cash buyer they will come to your home and give you a guaranteed cash offer. They won’t back out, and since they have the funds in hand they can close in just seven days. This means you don’t have to wait for anyone else.
If you are wanting to get out of your home, then a cash buyer is a great option. The signs are really not a scam in any way. Here at Pro Source Home Buyers, we are your leading cash buyer in your area. We want to help you understand more about us and what we do. Give us a call today at 865-268-4537 for more information on what we do.