Are you wondering if you should sell your home to a cash home-buying company? Many people are turning to this option because it is fast and hassle-free. But what kinds of homes do these companies want to buy? Let’s take a look at the three main types of homes that cash buyers are looking for.
Damaged Homes
These companies don’t mind purchasing damaged homes, as long as the damage is not too extensive. This could be anything from minor plumbing issues or roof leaks to structural damage from a previous flood or fire. It depends on the individual buyer and what their budget allows them to repair. Sellers of damaged homes need to remember that cash buyers usually offer significantly lower prices than market value due to the cost of repair and restoration.
Unattractive Homes
Cash buyers also don’t mind purchasing unattractive homes either! These can range from outdated decor or fixtures to poor landscaping choices or an unattractive roof. Again, they may offer less money than you would make if you repaired or improved the home yourself before listing it on the market; however, it is still a good option for those who want to sell quickly and easily without having to invest time and money into repairs or improvements first.
Homes Nearing Foreclosure
Finally, some cash buyers specialize in buying homes that are nearing foreclosure. This means that they purchase homes from owners who have fallen behind on mortgage payments and are facing foreclosure proceedings soon if payments are not made up-to-date quickly. As with any other transaction involving real estate, there will be paperwork involved and negotiations must take place between buyer and seller before closing; however, this can be a great option for homeowners who need quick relief from financial hardship due to late mortgage payments before foreclosure begins.
If you’re considering selling your home through a cash home-buying company, keep in mind that these companies typically look for damaged homes, unattractive houses, or properties near foreclosure proceedings—each with varying levels of repair needs and costs associated with them. Depending on your situation, selling your house directly may not be the most profitable route; but if speed and convenience are more important than getting top dollar for your property then selling directly might be just what you need!
Ready to take the first steps towards getting your home sold quickly for cash? See how the process works and get started at Volhomes!