Someone Sell Their Home Quickly
May 3, 2023

Are cash-for-home businesses legitimate?

By Inkar Gazizoff

Many respectable companies buy houses for cash, will give you a pleasant experience, and will keep their word. However, before providing sensitive information or signing a contract, it is always recommended that you conduct due diligence on any purchase. Check to see if the house-buying company has an excellent track record of purchasing homes. Looking at homes in your neighborhood that the firm has acquired and sold and analyzing public records to assess its transaction history. Furthermore, obtain references from previous home sellers who have sold to the investor or house-buying company and contact them to inquire about their experiences.

Whatever house-buying firm you use, be sure it is an approved Better Business Bureau (BBB) member. Examine for good feedback and prompt responses to complaints.  Ask for proof of funds, such as a bank letter, to ensure they have the money in their account. An official proof of funds (POF) from the buyer’s bank validates that they have enough liquid assets to fulfill the purchase price and closing charges and offer enough earnest money. This deposit symbolizes a buyer’s commitment to a sale.

How long does a cash buyer take to execute the transaction?

Getting through the final obstacle in a traditional sale can be a nightmare. The average time to close a buy loan exceeds 50 days, which equates to nearly two months of waiting. Cash purchasers, on the other hand, are much more responsive. A cash house buyer will typically provide you proof of money for the amount they’re ready to offer and can close in as little as a week to 10 days.

If speed, convenience, and certainty are important, selling your house for cash may be the best option. When you go with a cash buyer and don’t have any contingencies, it’s nearly a sure sell. Selling your home to a cash buyer will bring you to the closing table considerably faster and with fewer difficulties because there is no chance of financing complications delaying the transaction or inspection issues leading the buyer to renegotiate.

The provides a risk-free method to test the waters. They deal with the largest network of cash buyers, provide a little data about your house online, and make you a cash offer within a week, and you can close in not much time with no extra fees, agent commissions, or prep work required.