After much deliberation, you have finally decided that selling your home for cash is the best option. However, you are faced with a common problem: finding the right cash home buying company. Like other industries, the real estate world is home to some illegitimate cash home buying companies who adopt several tricks to swindle home sellers.
It takes wisdom, patience, and asking the right question to separate the wheat from the chaff. Below, we have outlined four essential questions to ask before deciding to sell your home to a cash home buying company.
Question 1: How many years has the cash buyer been in business?
If you want to sell your home to a cash buyer, you should go for one that boasts enough experience. An experienced home buyer knows the nitty-gritty of the home-buying business.
They can always point you in the right direction and ensure that your home gets sold fast without any difficulties.
On the other hand, an inexperienced cash buyer may end up delaying the sale of your house, citing reasons like the unavailability of funds or other laughable excuses. In addition, some inexperienced home buyers would likely want to buy your home lower than the market value.
Question 2: How many homes have they purchased?
Before selecting a cash home buying company, you may want to do some digging into their background to validate their legitimacy. Ask the potential cash buyer questions regarding the homes they have purchased. Don’t just stop there. Demand proof.
If the cash home buyer has bought just two homes over their five years of existence, you have got your red flag.
A competent home buyer should have an impressive track record. You wouldn’t want to do business with a home buyer who ends up calling off the deal at the last minute or one who isn’t serious. Such home buyers will end up wasting your time. And as you already know, time is of the essence when selling your home.
Question 3: Is the Home Buying Company an accredited A+ member of the Better Business Bureau?
This is one of the most important questions you should ask.
Find out if the cash home buyer is BBB-accredited. Having confirmed that, proceed to check or request for the rating of the cash home buying company. If you get anything less than a C-, you may want to look elsewhere.
A cash home buying company with an A+ grade adheres to the BBB Code of Business Practices. The code, which is quite popular among businesses, is built on eight solid principles of trust, truth, honoring promises, embodying integrity, etc.
Obviously, doing business with a cash home company that boasts of a BBB rating of A+ B+, or anything a little lower is better than doing business with one that has a much lower rating.
Question 4: Is the buyer’s offer simple with a reasonable price and closing date?
One of the benefits of selling your home to a cash buyer is that your home gets sold fast. There are usually less paperwork and special conditions. In light of this, any cash home buyer that tables a contract with bulky conditions either has a vile trick up their sleeve or isn’t a cash buyer at all.
A typical cash buyer buys your house as-in. They care less about the damages in the home and conclude the deal fast. For instance, In House offer claims to provide potential home sellers with a fair cash offer in 72 hours or less, which is quite commendable.
You should go for such types of cash buyers as they guarantee the fast and easy sale of your home.
Conclusion
Selling your home to a cash buyer can be easy or difficult, depending on who you deal with.
In light of this, you must consider carrying out the necessary research and asking the right questions before deciding to sell your home to a cash home buying company. Adopting this proactive approach will ensure that the selling process is fast, smooth, and easy-breezy