I was at a listing appointment. While speaking with the seller, his phone kept ringing from real estate agents, and one of the calls he answered came in from a cash buyer—one of those "We Buy Houses" types of things.
When he got off the phone. The seller said,
"Dan, why won't I go with them instead of you?
I responded,
"Well, you can certainly do so. Did they make you an offer?
He answered,
"Not yet. They will come and evaluate."
Sometimes you have to do some decision-making that you may or may not be comfortable with. An excellent example of this is selling your home ASAP due to some urgent situation.
If you can relate to this, then this blog is for you. Please watch this video.
What is a Cash Buyer?
A cash buyer does not need to secure a mortgage, and the sale is more positive. In addition, the process is faster – removing a mortgage lender from the transaction dramatically reduces the time it takes to complete a deal.
What is an all-cash bid?
The homebuyer makes a cash offer to purchase the property without a mortgage loan or other financing.
Going back to my story… 😁
On the general market, he could sell the house for about $400,000. However, cash investors typically buy the home between 72-82% of the after-repair value. That means that if they have to invest $20,000, they will deduct the same percentage of what your property is worth.
Is that a good option for me?
Yes!
Is there a catch?
This may be an option for some people with a lot of money or those with an urgency. But for most, it is NOT viable.
The process of selling a house for cash?
A cash buyer might make an offer close to the listed price, but they often ask for costly repairs during the inspection stage.
If you are interested in a quick 7-day sale, let us know, and we will help. We work with many cash buyers and can get you a sale in less than a week.
If you want the highest sales price, we have helped hundreds of sellers like you to sell for the highest 💵 profit.
If you're in Virginia, Maryland, Washington DC, or anywhere in the country, and if f you want to learn more, hit me. Dan Rochon here. You get me days, and you get me nights. You can text me anytime at 📱(703) 346-2776 or email me at 📧Dan@greetingsvirginia.com.
Our Team:
Dan Rochon
John Root
Zainab Fahim
Talk to you soon.
P.S. You may also want to check our active listing. Click here.
If you're interested to learn more about Real Estate Investing or tips and strategies about Real Estate, you can reach me at 703-346-2776 or send me an email at Dan@greetingsvirginia.com. We will be more than happy to help you.
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Buying a Home is Easier than You Thought!
Here's a list of what you need to think about before you buy, and it will walk you through what you can expect from the buying process itself, plus tips to make life easier after you buy your dream home.
