Your home is more than just a place where you share memories with your family, because it may also be your greatest asset. Of course, you want to sell it quickly, but if you don’t consider all possible sales methods, you may leave a big amount of money on the table.
Always conduct research, compare your choices, and consult with a trusted consultant before accepting any offer.
Veterinary cash buyers and know your home’s value
For many home sellers, our purchase of a home for a cash company can be a reliable solution for a quick sale of real estate or getting cash to have unexpected living challenges. On the other hand, cash for its own rehabilitation business model has also led to what some housing advocates call predatory strategies.
Even in an established home buying company that strives to maintain a consistent business standard, the level of integrity and customer service you experience may vary. This is because many of us buy a home for cash companies are franchises and often use independent investors or local wholesale clothing. Your experience depends to a large extent on the characteristics of the person or group.
If you are considering a cash offer, thoroughly review the company. Check reviews, read recommendations and study their presence and performance in the market. Of course, please read the purchase agreement carefully before signing.
Obtain a house value estimate
Before committing to us to buy a home for a cash company, Homelight recommends that you consult top agents to better understand the value of your home in the open market. Then compare the cash quotes to what the top agents may be able to get for your home.
Homelight can connect you with the best performing agents in Delray Beach. You can also use our free home value estimator right away to get your initial pitch estimate in less than two minutes.
Other options for selling your home quickly
Work with iBuyers
In the cash business industry, you will encounter a group of companies called instant buyers or iBuyers.
These businesses provide sellers with the same convenience as many other home buying businesses, but they also utilize automatic valuation models (AVMs), which use algorithmic techniques to apply historical and current market data to their estimates. These tools allow iBuyers to offer near-building offers in your home and offer user-friendly (mostly an online home sales experience).
Ibuyer can complete sales in a few days to weeks. But unlike the typical we buy a home for a cash company, they usually look for homes in better condition and usually pay closer to market value in 90%.
When considering the IBUYER option, it is important to note that major Ibuyer companies like Opendoor and OfferPad usually charge a substantial service fee, which may range from 5% to 6% of the home’s sales price.
Sellers who might be perfect for working with Delray Beach’s Ibuyer include those who like to skip the stage and show off their homes, live in an area with a little similar housing, and own relatively good homes.
Use proxy list
If your home is in a seller-friendly housing market, putting your real estate on top real estate agents can lead to fast sales, especially if the home is affordable and sells beautifully.
What’s more, using an agent often results in the highest price, especially if you work with a proven professional. Homelight’s internal real estate transaction data shows that the top 5% of agents sell homes at up to 10% of their homes than the average agent.
Another important benefit of consulting with trusted agents is that they can provide insights through Comparative Market Analysis (CMA). This market report provides insight into the value of a home as it evaluates the size, functionality, location, age and other details of the homes related to similar properties recently sold in the area. CMA can help you determine the appropriate listing price, which can help estimate how fast it sells.
Additionally, an experienced agent who knows your market can even contact buyers who are willing to offer you cash quotes closer to the value of the home market.
Many agents will offer CMA for free and are not obliged to list your home. It can be a valuable tool for weighing your choice. Finally, if you decide to sell to a homebuyer, you can do it with more confidence, knowing that you have completely checked your choices and made reasonable financial decisions.
If you are interested in exploring agency options, Homelight can connect you with the best performing real estate agents in your area today.