FAST CASH sales
A fast cash home sale is a little different than a traditional home sale. So we want you to know exactly what you can expect.
Traditional Home Sales
Traditional Real Estate sales involve the home owner (you) hiring a Realtor to list your property. Over several weeks time, the Realtor brings potential buyers to see your house. Eventually, one may make an offer.
After a potential buyer has made an offer, they get a one to two weeks to inspect the property, and then up to 4 more weeks to close on the deal. Any time during this period, the buyer can back out of the deal, and you will have to start over. This often happens if they find a lot of things needing repairs on the property after the inspection is performed. This process is completely normal.
Most people have time to wait in order to get top dollar for their home. If the deal falls through during the inspection process or before close, the owner can stay in the home a little longer and start the process over.
However, some people don’t have time for the normal process. Sometimes you just need to SELL FAST.(In less than 30 days, or as fast as 48 hours) Or even if you don’t need to sell that fast, you may not have $20,000 to fix the property up before selling it the normal way.
If any of this applies to you, then you are going to have to avoid using a Realtor and look for a cash investor.
FAST CASH Sales
A cash investor can literally pay you tomorrow if you both agree on a price today. A traditional buyer will take at least a month if you can agree on a price today.
What does a FAST CASH investor look for?
Fast Cash investors look for properties and sellers that meet certain conditions. If the conditions below apply to you, then you are an ideal applicant:
1. Selling fast is important.
If you absolutely need to sell your house this week, then you don’t have time to work with a Realtor and wait for a full price offer.
The Cash Investor can buy your house immediately, and then he can put it on the market and try to hold out for a higher price.
As you might guess, an investor does this to make a return on his investment. Investors are usually trying to make 10-15% return. This means, an investor will typically be offering you somewhat less than full market value for your property.
The benefit to you is that you don’t have to hold on to the home for 2-6 more months trying to sell it at full price, or pay a Realtor $10,000 in commissions after it sells.
2. You don’t have time or money to fix up the property.
Most houses need some repairs before they are listed by a Realtor. Some houses need a lot of repairs. These repairs almost always have to be performed before you get any money from selling your house.
What if you don’t have the money?
Assume you have a property that would be worth $150,000 if it was fixed up. However, the property needs $20,000 in repairs before you can even list it!
A Fast Cash investor may offer you $110,000 for your home. They then spend the $20,000 needed to repair it.
Once the property is fully repaired, the investor can list it with a Realtor and try to sell it closer to the full market price.
3. You have some home equity
In order for an investor to close a Cash deal in less than a week, you are going to have to have some equity in the property. This means that the property is worth more than the amount you owe on your mortgage.
As we explained above, a Cash investor needs a discount to perform repairs and cover the Realtor commissions. Depending on the condition of your house, a FAST CASH investor is typically looking to pay you between 60 and 80% of the market value. 60% if serious repairs are needed, and 80% if only minor repairs are needed. However, accepting 60% to 80% is only possible if you have some equity in the home.
What if I don’t have any equity?
If you don’t have any equity or you have negative equity, we can still help you sell your home. It just won’t be a fast cash deal that we can close in a week or less. See our Other Sales Options page for more info.
Additional Benefits of FAST CASH Sales
No Realtor Fees or Closing Costs
After a traditional Real Estate deal closes, your Realtor, and the buyer’s Realtor will both charge you 3-4% in commissions. This will easily reach $15,000 on a sales price of $200,000.
Realtor commissions are perfectly normal. Most people choose to go with a Realtor because a Realtor can bring lots of prospective buyers to your house.
Realtors do paperwork, and also make recommendations on how to fix your home and make it presentable to these potential buyers.
With Cash512, Realtors are unnecessary. All of the sales paperwork can be done by our investors. And since we are the buyer, so you don’t need to pay someone to bring lots of people through your home.
Finally, we don’t care what condition your home is because we plan on doing the work to fix it up. So you don’t need to pay a Realtor to tell you what to fix, or what color to paint the walls in order to sell your home.
