Cash House Closers: Who We Are
When you sell your home to a buyer who is paying in cash, you avoid the mortgage process. That includes the bank or lender doing its due diligence to make sure the property is worth the loan amount and performing an appraisal. You also avoid closing costs associated with obtaining a mortgage, including loan origination fees and mortgage insurance.
However, cash buyers do pay escrow and transfer taxes, and they typically must submit an earnest money deposit. Additionally, they may be responsible for ongoing homeownership expenses like homeowners insurance and property taxes. You also need to be prepared to pay for repairs if you choose to sell your home as-is. Find out www.cashhouseclosers.com
Quick Home Sales in Colorado: No Repairs, No Hassle
Local real estate agents know the market well and can match you with local buyers who are willing to make a cash offer. However, it is important to carefully consider each proposal and not focus solely on the price. The proposed closing date, contingencies and other terms of the sale are equally important.
If you decide to sell to a local investor, review their reputation in the community and online. Make sure they have a good track record and that you understand their business model, such as whether they will perform any repairs or renovate your property.
A cash buyer is a great option for selling your home if you are in a time crunch, facing foreclosure or are working with an inherited property. However, be wary of sellers who are offering a price below fair market value or have a “take-it-or-leave-it” attitude.…