On scrutinizing the real estate market in the US, one of the startling facts that shouldn’t escape your attention is that almost 22% to 24% of single-family homes and condo transactions happen in cash. Interestingly, most of these transactions happen between sellers and home-buying companies engaged in selling reconditioned homes. These companies buy houses from homeowners who urgently need cash for various reasons. Homeowners keen on foreclosure for whatever reasons would like to sell the home for cash to prevent denting their credit score. Old houses that undergo structural damage require substantial maintenance costs, which often becomes unbearable for the owners who would prefer selling it to some company like christopherellynhomes that pays ready cash. The specialty of these companies is that they buy homes on an as-is-where-is basis.
Follow the steps below if you want to sell your home to a home-buying company.
Share your home details
Search for a home buying company on the internet and choose one that you find suitable to deal with. Share the details of your home with them over the phone or email and ask them if they would be interested in the property. Provide the information in as much detail as possible, mentioning the location, the kind of property, whether a single-family home or condo and the property’s age.
Evaluation and appointment
The company would evaluate your property based on the information provided and match it with their buying criteria. Usually, the company is ready to buy any property in the condition it exists. Still, it would evaluate future sales prospects because the company would ultimately sell the property to make some profit. If your property fits the bill, the company will fix up an appointment to inspect the property and understand its real worth.
Get an offer
If the property inspection goes well and the company feels like buying the property, you will receive a written offer within 24 hours. The most important aspect of the offer is that it’s a no-obligation offer, and you can reject it, but there is no room for any negotiation. Since the company pays cash and is ready to close the deal within seven days of making the offer, you, too, should be happy to accept or reject it without wasting time.
Assuming you are selling the house because of an immediate need for money, you would not dare reject the offer for practical purposes.
Close the deal
On accepting the company’s offer, the company would initiate immediate action for closing the deal within a mutually agreed timeframe. If you urgently need money, you must tell the company, which can then arrange to close the deal within seven days. The company has all resources lined up for fast deal closure and does not charge any fees.
Once you agree, the onus of closing the deal rests with the company that ensures fast closure and immediate transfer of cash to your bank account. You get the amount you agreed to, and the company gets your house.
In addition to the swift and convenient process of selling your house to a home-buying company, it’s worth mentioning that homeowners looking to make the most of their newfound liquidity can explore creative investment opportunities. For those with a green thumb and an interest in enhancing their property value, considering aquascaping ideas is a fantastic way to reinvest their funds. Transforming a portion of the proceeds into stunning water features, lush gardens, or captivating aquatic landscapes can not only beautify your new space but also potentially increase its overall market appeal, demonstrating how homeowners can leverage their resources creatively and intelligently.