If you are like countless other homeowners today considering selling your house to a cash home buyer, in this post we’ll cover some great tips for the kinds of questions you should ask, before agreeing or signing any purchase contract. In addition, we’ll talk a little about if you’re selling traditionally, whether FSBO (for sale by owner) or with an agent, what questions to ask if a real estate investor makes a cash offer. By the end of the article, you’ll feel confident knowing the things you need to make a cash deal successfully, and where you can find a fantastic company right here, at Sell Your House Fast – Kansas City!
In order to determine the best price for your property, compare with similar homes in your neighborhood and what they have recently sold for. Additionally, check market conditions to see if it’s a buyer’s market, in which case you would want to price more competitively. When selling to a cash buyer, expect them to pay at least 10% less than market value. Sometimes, a company may try to take advantage by underpricing by 20% or more, so educate yourself in order to get a fair deal.
Remember, just like selling a car, you need to do some title research to make sure your house has a clear title. Otherwise everything comes to a halt until resolved, in any real estate transaction. This way, the process and closing go much faster, especially with a cash purchase and when not using a real estate agent.
If you’re thinking of selling for cash, part of the lure is likely the speed and the simplicity, because the transaction is so straightforward and fast. With a traditional buyer, 99% of the time their funds come from a bank or a mortgage lender. What many people don’t realize is that it’s the lender requirements that make any mortgage loan for purchasing real estate take so long. Mortgage companies and other lending companies are the ones who require things like the home inspection, a house appraisal and an extensive credit report, among other things like loan underwriting, that all take time.
Then after the home inspection on your property, if anything is found considered to be in need of major repairs, it must be completed before the closing date. Things like a new roof, HVAC system, plumbing or electrical issues, and things of that nature would have to be remedied. Sellers are responsible for these costs, and buyers can’t strike a deal with the lender to make the home purchase until repairs are finished.
Certainly, some questions you should ask a cash home buyer that is an individual real estate investor, as opposed to a business, are things like:
All of these questions are perfectly acceptable to ask individual investors, and in most cases they will be prepared for them.
And remember, it is perfectly normal to ask to see proof of funds, such as a bank statement. In most cases, an individual investor who is trying to purchase a property by paying cash will already have that prepared. In other words, it’s just a matter of asking to see the proof. Also, earnest money is the same way, so don’t be afraid to ask money questions. As the seller, you have the responsibility and the right to protect your assets!
Whenever selling or purchasing property, all interested parties must sign a purchase agreement or a contract. This is also part of protecting yourself during the home sale. Get a real estate attorney to go over the agreement, especially if selling FSBO. Never sign any contract until you understand it fully and feel confident in it.
Questions to Ask – Cash Home Buying Company
Rather than focusing on questions here, let’s talk about the questions we can answer. If your house is not on the market yet but you’re considering selling, it may be a better idea to try a cash home buying company. For example, with Sell Your House Fast – Kansas City, here are some of the things you can look forward to:
Sell Your House Fast – Kansas City
Here at Sell Your House Fast – Kansas City, we are the cash buyers who care about our clients, helping them with a solution to a problem that benefits all parties involved. You just fill out the short form right here on our homepage of this website. A cash buyer will be in touch shortly to schedule an appointment to see the property in person. At that time, the cash buyer will be prepared to make you a cash offer on the spot! So contact us today, we look forward to serving you.
