“Cash for Houses” Scam or Legit?
You see it everyday or it’s just part of your daily work commute and you don’t even notice the signs anymore. You know what I’m talking about the, “We buy ugly houses” and “I pay cash for houses” plastic signs stapled on telephone poles.
Are these businesses legitimate, can some actually pay you 50-200K cash for your house? The short answer is Yes, I’ll explain more soon. First I want to answer how, selling your house for cash is possible. Real estate investors have access to cash and private money, that traditional home buyers don’t have. Traditional buyers need to get approval for financing which may take 30-60 Days to get approved. That is why selling your home for cash only take 1-3 Weeks, depending on if there are issues with the Title.
How Much CASH will I receive for my home?
The frequent question raised by homeowners considering this kind of sale is whether they will get fair market value. Probably not, although some companies assert that, after all is said and done usually that is not true. However, in some circumstances they may come close, but these circumstances are far and few between. That is because some people fail to think about the extra costs they incur. These are the closing expenses like; commission, cost of repairs, your time, etc.
A homeowner usually will receive 60 percent to 80 percent of market value, which can be fair a trade-off for some.
Homeowners who use these businesses often don’t want to deal with the time and effort, including updates and repairs, to prepare a property for sale. Some have inherited property and don’t want to be saddled with the taxes and maintenance costs. Sometimes, homeowners find themselves in financial straits and just want to unload what they view as a burden.
When making a choice be careful, with what company you choose. Make sure they have credibility, someone that knows the business, and someone you feel is someone with integrity. At Pinetrust Home Buyers, managers are Licensed NC Real Estate brokers, that haven gone through courses and know the market like the back of his hand. We pride our company in that we uphold values of putting our clients first. It has to be a WIN-WIN or it’s no deal. Whether it is a certification or a portfolio of past work make sure the company you choose is actually in the industry. Make sure you are not an everyday joe who just went to a real estate seminar throwing out blind lowball offers.
Call Pinetrust Home Buyers and speak with one of our managers today. 980-288-5526. We will tell you if we are a good fit or not from one quick conversation.
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And if it’s not a good fit we will tell you and maybe we can have one of our trusted Realtors can assist you on making the proper steps to getting your home sold the best way possible.
We wish you luck on your journey to getting your home sold,