If you have a property you need to see quickly and hassle-free give us a call or fill out the form on our website and we will get back to you within 24hrs to let you know if we’re interested in purchasing your property. If we’re interested, we will research your Cottonwood city property, make an appointment to view it, and bring a prepared fair cash offer to purchase it.
We Buy houses Cottonwood city – What do You Need To Know?
We can buy your home quickly in as little as seven days or within a time frame that suits your needs. There are no upfront fees to pay, and we pay all your selling and legal fees. As part of the service, our team handles the whole process from your initial enquiry, through to a successful sale. We provide a nationwide service and can buy any type of property anywhere in Cottonwood city. Simply complete the form found here on the website to receive a cash quote to buy your property today.
What Are The Real Costs Of Selling A Home?
We buy houses. You have probably seen their signs or heard their advertisements on the radio. Even in a difficult real estate market, they are spreading their message. But, who are these people and how can they constantly be able to buy houses? Where do they get the money? What do they do with the houses? Let's take a look.
First, they are investors and investors want to make money. Since they have been around for awhile now, even in tough economic times, it is likely that their business model is working for them. They are making money.
When they approach a homeowner who is considering selling his or her house, there will be certain things that are in their presentation. Here is what you can expect:
- We will pay cash;
- We will settle quickly;
- There will be no fees or commissions to be paid to a real estate agent;
- They will likely ask you how much you owe on the house in mortgages and other liens;
- We will have no contingencies for any type of inspections;
- We will buy your house in its as is condition;
- You will not need to do any repairs;
- They will probably walk around and through the house performing an apparent evaluation of its condition;
- Although, they will buy the house as is, they will still point out the things that they see wrong with your house;
- They will make you an offer and they will have the paperwork ready to go.
So far it sounds like a very good path to take. It is a hassle free way to sell your house.
Indeed, in some cases, it is an expedient and beneficial way for a homeowner to sell his or her home. But this is not always the case. Let's take a closer look.
-When you go to the settlement table, you will receive cash, even if the buyer is getting a loan to purchase the house. The only way that you will not receive cash is if you finance the house yourself, which is rarely the case. When the buyer is getting a loan, they should show you a pre-approval letter and ultimately they should show you a loan commitment letter from their lender. When this happens, it is almost as good as the buyer having cash. When someone is paying with cash, you should follow similar steps to that of a purchaser using a loan. First they should provide evidence that they have the money and second they should ultimately be willing prior to settlement to place it in an escrow account, which will designate, that the purpose of the money is for the purchase of the home. It is likely that they will be unwilling to do this.
-They will not ask you to do any repairs, however your house might not need many or any repairs in the first place.
-Generally speaking, these individuals are not inspectors, although they will have a good idea about houses because they look at so many. They may seem to know about home construction, but they are just talking.
-No matter what the condition of the house, they will tell you that something needs to be replaced or is not up to code. For example, you may have a 2 year old roof with 30 year shingles, and they will tell you that the shingles are curling up, so they may need to replace it. It will not be true, but if you are not familiar with how to evaluate a roof, then you may believe them. Or you may have older windows, which work fine, but they will suggest that they will need to be replaced. Of course, all of these things will have a cost that they will factor into the price that they offer.
-When trying to justify a price, they will use the lack of a real estate commission, repairs, which probably do not need to be done, and comparable sales prices, which they will provide. Keep in mind that they do not represent you, but rather themselves so the comparable sales will be those that work in their favor.
For them it would be an every day occurrence to offer $150,000 for a house worth $300,000.
There are other elements to these types of deals and other factors to consider, but this is intended to make you aware that it is not always a good way to go.
Do not let someone else's path from rags to riches be your path from riches to rags.
What Are The Real Costs Of Selling A Home?
Selling a house is difficult, but what's more difficult is selling a house that's far away like another state. The reason this situation happens is sometimes an unexpected thing occurs like you have to move out of state because of a new job or maybe you inherit the property from a love one that lives far away. If this ever happens and you decide to sell this far away property there are some things you should know. One thing you should know if your selling a house out of state is how much a property of that size and kind sells for in that area.
A property in one state may be price way more or way less than an exact property in a next. The recommended thing to do is get an estimate of market value from more than one real estate agent. This is a good way to see how much the house will go for. Another thing you should know if you're selling a house out of state is what repairs need to be done to the property. The best way to do this is take some time to travel and see the property. When you do this take some time to write down what needs to be replaced. If you can't travel get a friend or a family member you trust to do this for you.
One last thing you should know if you're selling a house out of state is the housing market in the area. If it is a slow market it is wise to get someone to look after the house until it sells. This person or company can make sure everything is good with the house from the outside, like is the junk mail picked up, is the grass cut, and if it is a place that gets cold is the snow cleaned up from the property's sidewalk. Selling a house out of state is not an easy thing to do, but if you use the information you read here it will make the process easier.