The fastest way for any homeowner to sell their home in 2020, is to a Cash for Home Service. Dealing with a reputed cash homebuyer is very easy and can help you get cash within 7 days of striking a deal. Some companies even claim to put the money in your bank account within 24 hours. However, there are only a couple of specialists that can make such a quick deal possible. . If you’re curious about how these services work in detail, you can find more information in our blog “Cash for Homes: A Wolf in Sheep’s Clothing”, which provides a comprehensive overview.
What Are Cash for Home Buyers?
You might have run into advertising in your neighborhood from companies offering cash for your home. These companies are often referred to as cash for homebuyers because they offer cash for all types of homes. The lure for many homeowners is the prospect of selling their property fast and moving somewhere or investing the money. However, to understand the difference in dealing with these companies versus traditional agents, you might want to read our insightful article “Real Estate Regrets: Why Atlanta’s Market Isn’t for Everyone”, which discusses the Investor vs Agent scenario.
However, it is very easy to end up having to deal with a company that’s not genuine or is running a scam. If you have the misfortune of dealing with a scam, the deal could stall for months. That’s why it’s always a good idea to deal with a reputed company. Our blog “Unveiling We Buy Homes Cash Scams in Metro Atlanta” offers vital information on identifying such scams.
The advantage of a cash buyer is that they take the home as-is. So, there is no need for you as the homeowner to prepare the property for sale. All you need is to call up the buyer, then wait for them to inspect the property and furnish you with an offer.
Most people will use a cash for home service to avoid having to spend time on renovations or even waiting for a good offer. After all, dealing with issues like plumbing, electrical etc. isn’t easy. So, it makes sense to sell as-is. For more details on what you might need to know before making such a decision, our FAQs page can be very helpful.
Top Cash for Home Buyers That are Still Operating
Three of the top companies that offered cash for homes, i.e. Opendoor, Zillow and Offerpad are no longer buying homes. However, that does not mean that other companies aren’t still offering cash for homes. Depending on where you are our list of some reputed cash for home buying companies should put you on the right track to selling your home ASAP. To learn more about the current state of the property market, especially in Atlanta, take a look at Atlanta Property Market: The Hype vs. The Harsh Reality.
We Buy Ugly Houses
Some people may be familiar with this company as they used to be called HomeVestors of America and later changed their name to We Buy Ugly Houses. It is a leading home buying franchise headquartered in Dallas. At present, the company has over 1100 franchises in 45 states which have bought over 100,000 homes since 1996.
How Do They work?
A homeowner will need to call the company’s toll-free number or contact them via their online form. They (the company) will then send over a franchisee that’s nearest to your address, to inspect the home. Generally, it takes around 24 hours.
The rep visiting the home will inspect its condition and use their own valuation models to make an offer. The company stands by the original cash offer, so homeowners don’t have to worry about it changing. Once the homeowner agrees, there is a closing date set, which is generally around four weeks away.
Potential Cons:
- The company is known to make lowball offers, some of which is even 50% below fair market value.
- A month of waiting for a closing date is pretty normal with the company. So, your sale is taking longer than if you were to sell on the MLS.
Fast Home Offer
Based in Texas, the company also buys properties in Mexico, Canada and Australia in addition to the US. The company utilizes a network of real estate investors to purchase properties.
How Do They Work?
After filling out a quick online questionnaire, you will be contacted by a local investor who will gather some more information. The investor will then make their initial offer mainly over the phone, and then schedule a viewing.
There is no obligation to sign on the offer. You are free to shop around for a better deal. Though once you agree to the term, the company closes within 7-14 days.
Potential Cons
- Here too the con is that you will be offered a significantly lower sum, than what you could get in the open market.
WeBuyHouses.com
WeBuyHouses is a countrywide network of real estate investors. The company was founded in 1997 and based in Dallas.
How Does the Company Work?
If you want to sell a home for cash, fill out their online form or call the toll-free number. A rep near you will get in touch for some more information about the property which would help them build an offer.
The rep will then visit your property within 24 hours and make an offer on the spot. Though as a homeowner, you’re not under any obligation to accept this offer. However, you have 30 days to think about it. Depending on how things go, you can be looking at closing within 7 days.
Cons:
- Though the company claims to make competitive cash offers, it is often under market value. So, you can’t expect anything more than 70% of the home’s market value.
ATLFairOffer
Based in Georgia, ATLFairOffer has no hidden charges or commission associated with their service. Also, the offer they make is without any obligation. The company buys homes across the metro Atlanta areas at a fair price.
How Does It Work?
Homeowners can either call the company or fill out the online form with some information. A rep from the company then gets in touch and schedules a visit. Once visited, the company makes an offer. If the offer is accepted the deal can close in as few as 14 days.
Cons:
ATLFairOffer does not have any significant con. However, you can expect that the offers they make are slightly below market value. But that’s to be expected from most cash for home companies.
Conclusion
While selling to a cash for home company is one way to get rid of unwanted property in a hurry, there are other methods if you have some time. A real estate agent should help you fetch a fair price with a bit of work. However, in some markets, you could be looking at somewhere around a few months to sell the home.
