Companies that buy homes

There are some clear advantages to selling your house through a cash buyer. The leading reason for using such a service is speed. It is a quick process which can mean less stress and effort is required on your part. If you have a need to sell your house quickly for whatever reason then finding companies that buy homes could be a worthwhile exercise for you. Here are some of the advantages. I will cover disadvantages in another article.

Time

Estate agents can sometimes be slow to sell your house. Even if a buyer is located quickly there can be a long wait while paperwork is completed. Cash buyers make it possible to go from the beginning to the end of the process in a several weeks.

Work required on your part

Selling to a cash buyer can be less stressful and require less work because they are not your typical property purchasers.

Traditionally you need to keep your home ready for viewings or inspections at anytime. Not so with cash buyers who are experienced property developers (you should check they are experienced before using their services) and can see beyond the appearance of the house. This applies to any renovations you feel you should complete but can't be bothered or can't afford to before trying to sell. A cash buyer recognised a house for what it can be, not just what it is now. Of course the price they offer will take this into account as well.

Confidentiality

No for sale board, no adverts in the local paper, no pictures in the estate agents window and no strangers walking through your home passing judgement on it. Confidentiality is particularly important if you are in financial difficultly and are selling to clear debts, especially if you have come to a rent back arrangement with the buyer. So for a secret sale use a cash buyer.

Value

Companies that buy houses usually do so at a discount. Normally if you offer cash for something you expect some money off in return for the convenience. Same applies with property. The exact discount they require varies depending on who is buying but the reduced sale price can be offset against estate agent fees, no advertising costs, the value of confidentiality and saved mortgage repayments (because the sale is quick).