You’ve probably seen the late-night television ads or placards on street corners that promote cash-for-homes deals. However, you might wonder if this type of sale is legitimate. The reality is that cash-for-homes sales are highly legal. They’ve helped many people escape underwater mortgages or bad situations, including divorces and impending foreclosures. With that in mind, here are some key benefits of selling your house to a cash house-buying firm.
Upfront Cash
In most cases, a company that runs, “We buy houses in Arlington” ads will pay cash for your property. This is money you can use to pay off any lingering debt, purchase a smaller home or even set aside in some savings vehicle.
Easy Process
Selling to a cash homebuyer firm is easy. The first step is to contact the firm and provide a little information about your house and situation. A buying agent will then come to your house and do a walkthrough. If his firm is interested in purchasing your house, you could have an offer that same day.
Quick Sale
Most transactions that companies that advertise, “We buy houses in Arlington” do can be completed in a week to 10 days. This gives the buying firm time to contact its attorney and get the necessary paperwork prepared. You are also free to invite your attorney to the closing to protect your interests.
No Repairs
A reputable cash homebuyer company will not expect you to make repairs. It will likely have its own contractors to do that type of work.
Forgo Closing Costs
A company that advertises, “We buy houses in Arlington” will usually pay all closing costs. This can save you $4,000 or even $8,000, depending on the final selling price of your residence.
Using a reputable cash house-buying company will allow you to sell your home on your own terms. That’s because this type of company will give you several months to make a decision if it thinks you’ll eventually sell your house.
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