There are times when your house is on the market, and you need to try to sell it fast. Waiting in escrow while the financing gets worked out can take several weeks. Selling your home for cash can be done as quickly as one week. However, selling your home for cash isn’t always easy, as not every potential buyer comes walking through your door with a cash offer in their hands. You might be wondering who pays cash for homes as you’re trying to sell, so our team at Cash4Homes can help. We’ve created this short guide that tells you who will pay cash for your home and why.

Real estate investors

People or companies like proper managers are often looking to buy a home as an investment opportunity and understand the value of making a cash offer on a home. They can often get better value dollar for dollar with cash offers than traditional buyers because the sale goes through quickly, and there isn’t as much red tape to deal with. The expedited process can be beneficial to both sides during the sale.

It’s not uncommon for real estate investors to have a purpose in mind for a property they pay cash for. Investors might want to clean up a house and use it as a rental property that brings in passive income for many years down the road. This is a common way to invest in homes because rental properties don’t often sit empty for long, especially with the rapidly growing population in Utah.

House flippers

Flipping houses is one form of investing in a home. Those looking to flip a house will try to find a home that’s in severe disrepair so it can be bought at an extremely low value. They can then renovate to improve the property’s appearance, functionality, and livability, so it sells for a much higher value.

House flippers will often work in cash or hard money loans to maximize their profits once they sell the property. Hard money loans traditionally come with little or no payoff penalties, so they can be paid off within several months of acquiring the loan without incurring extra fees. Working in cash ensures that they can keep 100% of the profits from selling the home without paying back a third-party lender.

iBuyers

iBuyers are new contenders in the housing market and are also willing to pay cash. Companies like Ideal Agent, Orchard, and UpNest are iBuyer companies that will buy your home then use an algorithm to resell it. It’s not uncommon to have investors and flippers come to your home as a way to sell your home for cash. Instead, you’ll have to go to an iBuyer to offer your house for sale directly to them. Unfortunately, the business of working with iBuyers is relatively new, so you might not be sure what kind of percentage of the value of your home you’re getting. You could also be stuck fitting the bill for repairs if they’re significant. Other cash buyers will often do necessary repairs on their own.

Real estate solutions people

It’s not uncommon to be sensitive about selling your home. It’s a place where you’ve lived and made years of memories. Unfortunately, the need to move can sometimes happen in the blink of an eye. Cash offers from people who simply want to help you find a solution for selling your home rather than turn it around to make a profit off it. At Cash4Homes, this is who we are. We understand that moving isn’t always ideal, so you need to sell your home fast, and cash is often the best solution for this situation. We’re here to help.

Contact us to get started

If you’re looking to sell your home for cash, reach out to our team at Cash4Homes today to get started. We’re an experienced real estate company that pays cash for homes. Speak with our team to find out what we can do to help you sell your home fast and walk away with cash. Give us a call at 435-631-9800 or send a message via our contact form. We look forward to working with and paying cash for your home.