Selling your home to a cash buyer is a great way to move quickly and easily through the sales process. But you shouldn’t go with the first cash buyer you come across. There are several questions to ask cash buyers to ensure you’re getting the best deal and the best company to work with. Keep these questions in mind when selecting a cash buyer to work with.
1. How long have you been buying houses in this area?
Cash buyers must have knowledge of the local market in order to provide a fair cash offer on your home. So, ask your potential buyer how long they’ve been doing business in the area. If they’ve been in business in the area for a while, you can know that this cash buyer has your community’s best interests in mind.
2. Do you require a home inspection?
Traditionally, buyers do require home inspections before you sell your home. Any issues that are found can lead to negotiations on the price, which means you might not get as much money as you expected. In a worst-case scenario, you may lose the sale altogether. But when you work with a cash buyer who doesn’t require a home inspection, you’ll have more peace of mind knowing that the sale will go through, no matter what condition your home is in.
3. Do I need to make repairs before receiving an offer?
Selling on the traditional real estate market often means that you have to make repairs to your home or lower your asking price. But if you can sell to a cash buyer who doesn’t require repairs, the process becomes quicker and easier for you. This can be particularly advantageous if your home needs extensive repairs, like installing a new roof.
4. How long is your closing period?
Many homeowners considering working with a cash buyer do so because of how quick the process is. That’s why you should double-check with your potential buyer about how long the closing process typically lasts. Experienced cash buyers should be able to secure and close a deal in a week or less, in most cases.
If you’re thinking about working with a cash buyer, consider Charm City Builders. Contact us today to get the answers to these questions to ask cash buyers!
