If you are a property owner interested in finding cash buyers, this post will discuss some innovative ways to find cash buyers before putting your house on the open market, especially if you’re thinking you may want to try to flip houses. If this is the case, you’re going to need to develop a network of cash buyers for real estate, or active real estate investors currently in the game. This will be essential in being successful at flipping houses, as other prospective buyers also have connections to sellers and valuable resources.
You also just maybe in a bad financial position and have a tight closing timeline, or need to sell fast for another reason, such as a job offer in a new location. Perhaps you want to get the best cash offers possible, and don’t know how to choose the best real estate cash buyers, or even what to look for.
You may need to get as close to a property market value as possible, to pay off a mortgage lien or to buy another house you want. Whatever your reasons or situation, we’re going to discuss different ways to find cash buyers. But first, let’s talk about some of the biggest reasons why cash sales are always preferable – IF the offer is close enough to market value.
Property owners or real estate investors who don’t understand the benefits of cash buyers just haven’t had an all-cash deal yet. The difference is night and day. The average time it takes a house to close is around two months, typically because the buyer has to obtain financing. A buyer obtaining conventional financing involves a lender, and the lender will have several time-consuming requirements before officially approving any mortgage loan.
Until the required steps are completed to their satisfaction, the loan process is still pending with what’s called a financing contingency. Common requirements include things like an official appraisal, a home inspection, thorough credit history and verification of facts, etc. This part of the process is what takes time, so with cash transactions, closing is much faster and you could have your money within a week or two!
Basically, there are 3 types of potential buyers that pay cash for a house. There are individuals, who may be flush from the sale of their own house, or perhaps recently got an inheritance. The individual cash buyer may be trying to use private funding and often is planning to live in the house.
Sometimes it might be the purchase of a house to add to rental properties, considered an investment property. An individual cash buyer may make their cash offers on houses that are on the open market already. In addition, there are individuals or couples who are house flippers.
Then there are real estate investors from legitimate companies, such as Sell Your House Fast – Kansas City, who are making the purchase of an investment property. They are often real estate renovators, who will also buy distressed properties that they fix up and then resell.
These companies are often called house flippers, as well. With Sell Your House Fast – Kansas City, we never charge any fees, and we accept houses in any condition. We also give free, no-obligation cash offers, in person.
There is also something new called iBuyers, a general term for a large group of different real estate investors, who are using AI technology and public records to buy houses that meet specific criteria online, sight unseen, to make real estate purchases. These companies (i.e. Zillow, Redfin, OpenDoor, etc.) do charge a substantial fee.
They generally only want homes they do not have to do much work to. They offer a slightly higher price to outbid other potential cash buyers. The idea is to make a smaller profit margin and flip quickly, depending on volume for overall profit goals.
One of the keys to becoming a successful real estate investor is to have extensive leads. To gain the most leads in the real estate market, you must go to the real estate industry through connected investors. Real estate investing isn’t easy, so developing a network that includes local real estate agents is a good plan.
Have some business cards made up with your contact information, and take them to real estate agents in town. Some traditional advertising may also be helpful in gaining on your first real estate investments and attracting cash buyers.
Motivated sellers find cash buyers in the real estate business by employing creative methods to solicit cash offers, such as:
Many cash buyers make real estate deals for an investment property without using a real estate agent, to avoid paying the significant commission fees. This, combined with the speed of the sale and closing time make finding cash buyers desirable.
Here at Sell Your House Fast – Kansas City, we believe our process is superior to other cash buyers. Fast, simple, and fee-free, with a no-obligation cash offer, what have you got to lose? Especially if your property needs work!
At
Sell Your House Fast – Kansas City
, we buy houses for cash so you can avoid using a real estate agent and their fees, as well as any
other
costs associated with the sale of your house. We will send a cash buyer to the property address in person, at an appointment time you schedule. The representative will be prepared to make you a cash offer on the spot.
There is no obligation to accept the offer, and no charge for our service, no strings attached. We are built on integrity and believe in complete transparency of service. Contact us by filling out the short form found right here on our homepage, today!
