Photo: Alan Feebery
To start with, they have the ability to finish this deal fast. People sell their homes for many reasons. Some of them have to deal with foreclosure and what is even worse the final date for the auction is near. Or maybe you are facing a divorce and you want to cash in the money for your home. In addition, there are cases when people have old houses that need repair, but they can’t find money for these repairs or maybe you need to move from one place to another.
No matter what is the reason to sell your home, you probably want to find a buyer as soon as possible. That’s why many people hire real estate agents and use their knowledge and experience to speed up the process. But, although the real estate market has stabilized in the past couple of years the truth is that the homes stay in this market for a long period of time and as previously mentioned many people don’t have time to waste. That’s where companies that buy homes come into play.
You can easily recognize these companies because they usually use We Buy Homes signs on their websites or even in public places. What makes them different is that the fact that they tend to buy homes at short notice. So, if you are late with mortgage payments, you have to deal with foreclosure or you have too many debts that need to be paid quickly, the fastest and most convenient way to sell your home is to use a company that buys homes.
These companies are specialized in this field and they don’t need the support from banks or some other organizations that will be used as lenders for funding. They have the necessary cash to make fast transactions. They can purchase any property directly. They also have the ability to close the whole deal in just a few days if this is what you need. People who face repossession won’t find any other option that this one.
There is a moment when people who have many debts have to face this fact and the easiest way to get out of these problems is to use a company like this. This is a situation when you will lose your home , but what should make you calmer is the fact that you will get enough money to start a new life and make things right. This is an option that you cannot get every day. Of course, there is another option for those who are connected well with their homes. Most companies that buy homes in this way will offer buying the house and renting it back after the deal is made.
Don’t forget that since there is no real estate agent involved in the process the seller will save thousands of dollars he would have spent as commission or fee. Cash home buyers are willing to buy houses in both good and poor shape. So, even if your home needs thorough makeover they’ll still buy it.
Many people believe that these companies don’t offer the true amount of money for their homes, but the fact is that they will get the money fast and that no one can guarantee what will be the price of that particular home in one year or even in one month.