After finally saving up enough money to use as a down payment, I decided that it was time to hit the market. I met with a lender, got pre-approved for a loan, and then started visiting different properties. However, I quickly realized that I didn't know as much about real estate as I would have hoped. I wanted to find a great neighborhood and know what to ask the professionals, but I could tell that I needed a little help. To point me in the right direction, I started working with a great real estate agent who was familiar with the area. This blog is all about educating the general public on real estate matters.
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Are you a homeowner who is in need of money? Do you want to sell your house, but you're not sure whether or not you can sell it quickly enough? Unfortunately, while there are many legitimate people who will pay cash for homes, there are people who will pose as buyers in order to try to make a fast buck. Before you agree to sell your house to anyone, here are some things that you need to keep an eye on to make sure that you've found a reputable buyer:
Refusal to look at the property: In some cities or states, it may actually be illegal to sell a property if the potential buyer hasn't been to the location in person. Even if a potential buyer advertises that he or she will purchase literally any home, the buyer should still tour your property so that they can confirm whether or not the house is in the condition that you stated. If you get an offer on your home but nobody comes to take a look at the property to confirm its condition, you may want to look for somebody else. There are many legitimate people who will pay cash for homes. As a result, you don't have to go with the first offer if anything seems a little off. Stick with reputable buyers who are willing to follow the law.
No haggling: In any transaction, the seller wants to get as much money for what they're selling as possible while the buyer wants to avoid paying money. This is especially true of real estate transactions. When you say that you want to sell your home, it's a good sign if your potential buyer makes an offer that is less than your listed price. If you find someone who says that they pay cash for homes and they offer you the full price for your house, either you have seriously underpriced your home or else the person is less than reputable. Look for someone who is willing to haggle until both parties can agree on a price.
Wanting warranties/guarantees: People who pay cash for homes will usually fix them up and resell them for a profit later. This is fair for everyone as you get money for your house and they get to make a little profit from all of the work that they eventually put in. If you find someone who wants a guarantee that the roof is in good condition or that the water heater works well, that kind of defeats the whole concept behind buying houses outright like this. A legitimate cash buyer will be willing to accept any potential faults as part of the business transaction. They may want to know how old the roof is or how old the various appliances are, as part of valuing your house, but they should be willing to make an offer on the basis of buying the house as-is.
For more information, contact a business such as TW Homes.
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