And sometimes selling the house by traditional sale route becomes so problematic that you do not know whether you are ahead of the game or not. That’s why the majority of buyers who are in the urgent need of cash, prefer selling the house for cash to a real estate firm in California.
Selling your house for cash to a real estate investor is the super quick way to sell your house. It takes as little as seven days to close the deal. So whether you are facing divorce, avoiding foreclosure, planning to relocate, facing bankruptcy, want to get rid of unwanted property, or simply want to sell house quickly, you can choose a real estate investment firm in California to sell your house for cash.
Choosing a real estate investment firm over a realtor or selling your house yourself, has numerous benefits. Let’s have a look at four reasons to choose real estate investment firms.
1. Hassle-free Selling
The major perk of choosing a real estate investment firm is that you don’t have to go through the long and burdensome traditional process of selling your house. Your house is not listed to find suitable buyers. Your real estate firm is directly buying a house from you, and you can sell your house quickly.
You get a fair all-cash offer on your house within 24 hours, and you can close the deal within a week. This makes the selling process hassle-free and eliminates all the hassle of showing up the house to buyers, waiting for the funding approval of buyer and finally selling the house after a long wait.
2. Sell your House As-is
Real estate investment firms are even willing to buy houses that not used for years. What more you can expect? Your real estate investor is willing to purchase your house as-is. You do not have to invest in the costly repairs of the house and worry about the deep cleaning of the house to make it ready for the inspection. No matter how ugly or beautiful your house is, a real estate investment firm purchases your house as-is and take care of all the repair work of the house. Hence, you can save money on repair and cleaning.
3. No Backing Out
In the traditional selling process, there is always a fear of buyer backing out at the last minute because of low appraisal of house and denial of the funding by the lender. A 15% of sales fall through to appraisal and funding contingency. Even if a buyer is pre-approved for the financing, still there are hundreds of conditions that may lead to the cancellation of funding approval.
On the other hand, when you choose real estate firm in California, there is no fear of backing out of the deal at the last minute. Your real estate firm is buying a house for cash, so they do not rely on traditional bank financing. Once you are presented with a cash offer, the sale is less likely to fall through.
4. Save Realtor Fee and Other Costs
Last but not least; you do not have to pay annoying 6% realtor fee and 2% closing fee. There is no commission paid by you and real estate firm pays for 100% of the closing cost as well. Selling to a real estate investor not only eliminates the pesky commission and closing costs but also eliminates the carrying costs, such as mortgage payment, taxes, insurance, and HOA fees of the house by making a sale within one week. It saves you a significant amount of money. Also, as your real estate investment firm is the title company, so they prepare all the paperwork. It saves you from the heap of paperwork involved in the selling process.
These are the four reasons to choose real estate investment firms.
The Bottom Line
Your house can be a lifesaver in various emergencies of life. It can save you from bankruptcy, avoid foreclosure or get rid of the mortgage. If you need to sell your property fast, you can choose a real estate firm in California to sell your house and get cash in hands quickly.