We Buy Houses Secrets Revealed: Why Does Everyone Want To Buy Your House for Cash!?
Updated: Sep 26, 2019
It's likely you have driven past a sign stating "We Buy Houses For Cash". These are investors looking to purchase homes for cash to renovate and resell at a higher price. There are both positives and negatives to using these types of companies that buy houses for cash.
What Are The Positives of Using We Buy Houses Atlanta Georgia?
First of all, you get an all-cash offer. This means you will receive a quick cash offer and typically this offer is made on the spot when showing your house. It's not necessary to repair or renovate your home prior to requesting your cash offer. Investors are actually looking to purchase homes that are in need of repairs. So you don't have to worry about the current condition of the home. Once you meet with a "We Buy Houses" company you won't have to deal with showing your home again or listing it like you would with a realtor. We Buy Houses will deal with the whole process. You won't need to pay any closing costs or hidden fees when selling your house for cash. The best part of selling to We Buy Houses is choosing your closing date-- making it a quick and easy process!
What are the Negatives of Using "We Buy Houses" Atlanta Georgia?
Even though there are many positives to using we buy houses there are a few negatives to the process. Your offer will be significantly lower than market value because they are buying the home as-is. Another con of selling your house for cash is that you might be working with a wholesaler instead of an actual cash buyer. Wholesalers are considered middlemen who try to make a quick profit by selling their purchase contract to real cash buyers. Ensure that the cash buyer gives you a large earnest money deposit to prevent investors from backing out of the deal last minute.