Skip the usual real estate red tape and find a cash buyer for your home! Cash home buyers can purchase a home without a mortgage or other financing, making the selling process faster and easier for you! Learn how to find one of these buyers.
Perks of a Cash Buyer
Cash is king and comes with several benefits in the housing market. When you get a cash offer, you get:
- Streamlined closing. There are far fewer financial and legal hurdles with a cash offer. Instead of waiting on the underwriting process of a loan, a cash offer lets you close much sooner. Usually, in less than 30 days! At WCC Properties, once you get a cash offer, they can close on your house in as little as 48 hours.
- Less risk. With a cash offer, you know the buyer has the funds upfront. If you accept an offer that requires a mortgage, the deal may fall through at the last second. The buyer could learn they don’t have the capital and creditworthiness to take out a mortgage at that time.
- No appraisal required. Financial institutions want to make sure they are financing homes that are worth it, so they often require an appraisal before closing. This takes time and can jeopardize the sale of the home if the numbers don’t come back in your favor. Cash buyers usually skip this step because they have already checked out the property and have deemed it worthy for them!
How to Find a Cash Buyer
“For Sale” Sign
The simplest and easiest way to catch a buyer’s attention is by posting a “For Sale” sign in your yard. It grabs anyone and everyone’s attention whenever they go past your house. Tip: To draw in a cash buyer, you can add to your sign “Cash Discount!” Especially if your goal is to sell fast!
The drawback of this simple sign is reach. It only draws in those who live in your area and could miss serious cash buyers and investors who live further away. One way to combat this would be to list your house on popular real estate websites like Zillow. For the best reach on these websites, you will have to pay a premium for sponsored and featured listings.
Property Auction
Cash buyers flock to local property auctions. Property auctions are full of below-market houses and land that attract cash buyers who are looking for a quick flip. Property auctions in your area will be listed in your local newspaper or local city/county website. Tip: To network and find the best cash buyer for your home, make sure you come prepared with a pitch about why they should buy your home and maybe even some business cards.
The biggest drawback to property auctions is the extra effort of finding the auctions, networking with the cash buyers once you are there, and making the final sale in a single day with little time to consider the offer. This is especially true if you are the real estate agent for your home without any immediate resources.
Internet Search
Bring cash buyers to you with a simple Google search. Simply type in “cash offer for my house.” Then top cash home-buying companies and investors will pop up. After you do some quick research and find a reputable company like WCC Properties, you can give them a call, and they will come to you! Tip: To find the best company, check their online reviews. Trusted companies will have high ratings and great reviews across multiple platforms. Be sure to check Google Reviews, Yelp, Facebook Reviews, and more to determine which company is best for you.
When you are evaluating companies online, consider carefully the quality as well as the number of reviews. If one company has 5 5-star reviews, it may be inexperienced and still growing. You would be better off with a company that has a 4.7-star rating with over 80 reviews. More voices to corroborate that their services are worth your time!
However, if you find a cash buyer, make sure you find one that gives you a fair offer for your home.
