If you’ve been trying to sell a house fast in Phoenix, you may have come across cash home-buying companies. As the term suggests, cash home buyers buy houses for cash. They are real estate investors who buy directly and without lender financing. You can sell the house as-is and as quickly as you want. But cash home deals aren’t for everyone. If your property is in decent shape and you aren’t in a hurry to sell, consider selling it the conventional way through a real estate agent. Here are a few situations where it makes sense to contact cash home buyers in Phoenix.
1.Moving to a Nursing Home
Many seniors pay for assisted living by selling their houses. In this situation, selling to cash home buyers has multiple benefits. These buyers typically buy homes as-is, and since they are direct buyers, they can skip the typical procedures involved in a lender-financed deal. There is no waiting or paying for a home inspection, repairs, or escrow. You also don’t have to pay a commission to a realtor, and you can sell the house in days instead of weeks or months.
2.Relocating to a New City or Country
If you’ve taken a new job, it’s best to sell your home, as vacant properties come with their own challenges. Cash home buyers in Phoenix typically close within a month, but they can also buy a property in as little as seven days. You could negotiate a leaseback arrangement if you’ve sold the house but need time to move. Homeowners don’t need to do anything besides move out with the things they need. The cash home buyer takes care of everything, including after-sale repairs and hauling the junk left behind.
3.Avoiding a Foreclosure
If you are behind on mortgage payments or facing bankruptcy, consider selling the house to a cash home buyer in Phoenix to avoid foreclosure and protect your credit rating. Cash home buyers not only buy the house quickly but also settle immediately on closing. Short sales are a viable option but subject to lender approval. Besides, it could take up to 120 days for the lender to approve the decision.
4.Not Spending Money on Repairs
It makes little sense to spend money on repairs if you’ve recently inherited a property or own a dilapidated home. If you don’t have the money to upgrade your house, consider selling the house to cash home buyers in Phoenix. You don’t have to pay real estate agent commission, pay for home staging, or worry about renovations. The buyer will arrange everything and even pay for the closing.
Do you need to sell your house fast in Phoenix? Call 480-535-1229 for a quick, no-obligation offer within 24 hours.
The author is a cash home buyer in Phoenix. He buys distressed properties for cash in less than a month. Visit https://www.hbsbholdings.com/ for more details.