Jackie Schoelerman | August 14, 2021
Buyer
In today’s real estate market, homes stay on the market for about 25 days on average before going under contract. That’s better than back in 2010, when homes were averaging 140 days to sell, but it’s still not fast, and there’s no guarantee that your home will sell in 25 days. Location, season, and many other factors affect how quickly you can sell a home.
If you need to sell your home quickly, those “We Buy Houses for Cash” billboards may have caught your eye. Can you really sell your home as-is in just a few days?
As such, they are looking to purchase a home for the lowest price possible, fix it up as needed, and sell it on the open market a short time later. These types of investors can make a huge profit on a home in just a few months.
In the same vein, cash buyers go after people in situations that require a fast sale such as divorce, bankruptcy, foreclosure, and probate sales.
The typical financed purchase takes about 30 days to close. Appraisals, contracts, and other procedures take time, and they must be done before funds are released.
Cash buyers don’t have to deal with that. They’ll typically come to your home within a day or two of you contacting them and make an offer on the spot or soon after. They often process the sale in-house and have a title company at the ready to clear the title.
Cash buyers also eliminate the inspection and objection process by simply buying a home “as-is”. In only a few days, your house will be sold and you’ll be turning over the keys.
80% of market value might seem like it’s worth it to avoid the hassle of going the conventional route, but the average is more like 65% of market value.
Another reason to be extremely careful with these types of companies: scams. Phony investors have all sorts of tactics and tricks to extort money from desperate sellers. You don’t want to lose money, or worse, your home, just in an effort to save time.
In short, if you are considering selling your house to a cash buyer, do your research first. Selling a home to get out from under it isn’t the only alternative you have. There are other, more profitable options.
Stay up to date on the latest real estate trends.
Lifestyle
July 30, 2025
We have all heard about and perhaps envied the current crop of billionaire business founders, including Elon Musk, Jeff Bezos, and Bill Gates, who seem to have it all … Read more
Buyer
July 30, 2025
With all the headlines circulating recently, you may be wondering what’s next for home prices?
Buyer
July 29, 2025
Depending on where you live, the housing market could feel red-hot or strangely quiet right now.
Buyer
July 29, 2025
If you’ve been watching the market, you’ve likely noticed a few changes already this year.
Buyer
July 27, 2025
The flow between the sink, stove, and refrigerator—what designers often call the kitchen triangle—was compromised by the original two-island plan.
Buyer
July 27, 2025
Home sales could fall to a new three-decade low in 2025 as elevated mortgage rates continue to crimp affordability, according to new projections from the Realtor.com® … Read more
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today