Done with real estate agents? Try selling your home for cash

If you’re looking to sell your home, using a real estate agency is a traditional option, but it may not always be the best choice, especially if you’re looking for a hassle-free experience when selling homes for sale in homestead FL. With a real estate agent, you may have to deal with tasks such as cleaning, repairing, staging, and upgrading the property, which can be time-consuming and stressful. Additionally, appraisals, inspections, and concerns about the buyer backing out until the last minute can make the traditional way of selling a home unappealing for many sellers.

If you are one of those people that want to avoid the complications of selling through a real estate agent and selling your house in a simpler fashion, then perhaps selling to cash home buyers is for you.

An Introduction to Cash Home Buyers

A cash home buyer is exactly what the name implies i.e. these are individuals or companies that buy homes for cash. Cash home buyers are an increasingly popular option for sellers mainly because of the convenience, security and flexibility that they offer sellers.

In a cash offer, there is no need for a mortgage or lender backing, so the process becomes a lot quicker and more straightforward. Due to this very reason, many reputable cash home buyers like us at John Medina Buys Houses can close deals in days instead of months in a traditional sale. This makes cash home buyers the best option for sellers looking for a quick home sale.

Looking at all the good things about cash buyers, they may sound too good to be true. At the end of the day, they are businesses and they have to make money, so the trade-off for the seller in a cash offer is the relatively low offer they may get when selling a house for cash. This does not mean that you are getting an unfair offer. Most of the time any reputable cash buyer, like John Medina Buys Houses, will make an offer that complements the convenience, flexibility, security and quickness they offer.

Now, there is a lot to learn about cash buyers before you go look for potential buyers for your house. Allow us to walk you through the different types of cash buyers in today’s real estate market and the pros and cons of selling your house for cash so that you are better able to make an informed decision.

The Different Types of Cash Home Buyers

When it comes to selling a property for cash, there is more than a single option to do so. 

iBuyers

Perhaps the most recent arrival in the real estate space, iBuyers are tech-based investors that offer instant cash for properties. They are unique as they calculate the value of a property using data and make an offer according to that calculation.

Independent Buyers

Individuals with savings, inheritance, or leftover cash from a previous sale can be potential cash buyers for your property. In many cases, they can be a friend or a relative that you who can sell your house for a better price than what you would get from an investor.

Home Flippers

Perhaps the best option to sell a house that requires extensive repairs, home flippers advertise as “we buy homes any condition” companies. These investors buy houses as-is for cash and transform them by repairing and maintenance to then sell them at a profit. If you lack resources to perform repairs and maintenance on your house prior to selling then consider selling to home flippers. You will be getting a lower cash offer, but the risk lies with the investor.

Pros & Cons

There are a lot of positives if you want to sell your house to we buy homes company, especially if you are tired of dealing with real estate agents. These include:

• Very fast closing window.
• No agent fees.
• Less Hassle
• No mortgage or lenders are required.
• No need for showings.
• Get instant cash for your house.

All of these benefits make cash offers very lucrative for sellers, but that is not to say that there aren’t any downsides to a cash deal. Selling your house for cash does require some compromises, which are:

• You may get a little less for your house.
• Scams are very likely, although easily avoidable.

If you are tired of the traditional real estate agents and want to avoid them, you may end up thinking who else is going to buy my house? Perhaps the best answer is to sell to a reputable “we buy homes for cash” company. John Medina Buys Houses is a pioneer in the field and is guaranteed to make an offer you cannot refuse!

Contact John Medina Buys Houses and gets a free quote today!