You’ve seen the “we buy houses” and “cash for houses” signs all around town when you’re driving around, so who are these cash buyers in the Bay Area ? Are they legit? How does it work? Who should I trust?
We’ll dive into these questions here in this article… but before we get started, be sure to stop by and read about how to find a credible house buying company.
There are many reasons you might be searching for a cash home buyer. Divorce, job loss, relocation, and mortgage trouble are common reasons, but other homeowners prefer to sell without a Realtor and want to connect with buyers directly.
Selling directly to a house buyer can get you the cash that you need fast, while also taking your property off your hands so you can move on with your life.
Cash Buyers That Are Real Estate Investors
Cash buyers will usually be investors (some locally based, like us here at Skye Homes… and some based out of town) whose goal is to create win-win situations and help homeowners like yourself.
While some cash buyers are people who intend to live in the home, we do not intend to occupy it. The occupant cash buyers are harder to find since they do not advertise that they have money. Most occupant buyers do not use all cash even if they have it.
Back to investors… being able to pay cash gives us the flexibility to work around your time frame, whether that be a fast or slow sale.
Need to be out in two weeks? No problem!
Need more time? We can buy the house, give you moving money from the sale proceeds, then take the appropriate amount of time you need to move. We aren’t in a rush if you’re not.
3 Tips For Selling to Cash Buyer
- Price it right
- Be honest
- Be flexible
Price it right – When selling to a cash house buyer, keep in mind that we’re buying with cash, instead of using bank financing… and we can close very quickly. We can buy your house in as little as 7 days if you want to sell that quickly… rather than waiting 30-120 days to sell your house the traditional listing agent route.
This also means that you’re getting a quick/ hassle free sale and cash in your pocket so you can move on with your life!
So don’t go into the process with expectations of getting the same price on a quick cash sale that closes in a matter of days or weeks that you’d get with an agent listing your house to find the ideal retail buyer for months and months and months.
Also consider in your pricing the fact that local cash home buyers like us here at Skye Homes don’t charge any fees or commissions. So consider that a savings right there!
Be honest – Always tell the truth when giving descriptions of repairs and values. An experienced cash buyer will do their homework, so tarnishing a relationship and potentially hindering a sale in the name of saving a few bucks, is never worth it. Just be honest with your buyer and they will work with you.
Be flexible – Cash house buyers can often come up with creative solutions to your problems. Be flexible, and willing to share and listen to make the best of your situation.
After talking to many sellers, we’ll sometimes find out that there are other options that make a lot more sense for them… rather than us buying their house.
We’ll let you know what we feel are the best options for your situation. If it means us buying your house is a win-win transaction… great! If it means you selling your house another way (or even finding a way to stay in your house)… great!
All we care is that you’re taken care of in the process. That’s how we win so many long-term fans of Skye Homeowners who end up referring their friends and family our way when they need to sell their houses fast too.
The bottom line is, regardless of how daunting the task of selling your home may appear, sometimes all it takes is finding out who are the best cash buyers.