As many said before me. The advantage is that you can get your money within 7 days after receiving the offer. It also depends if the house is in good shape or not. A very old house will most likely have to go trough an inspection.
Like many mentioned you most likely will not get market value. But that is not a rule of thumb. I am a cash home buyer. We make it a point to give our maximum allowable offer from the start. We do not do lowball offers. THis is not a trick or gimmick. Our business model is set up in such a way that we make more money when we offer more for a house we buy. The chances of the offers being accepted are higher, and we simply do more deals that way.
The result is we make less per deal, seller gets more money for their house, but we do more deals. Everyone wins.
Furthermore, not in all cases will the seller get less than they would get putting their house on the market. On our website I have expanded on an example of this. It would be too long of a post if I copied it here, but feel free to browse to our website here:
In this specific case (which not always nicely aligns this way) the seller would have received no benefits listing it. Our cash buying program would have offered the same amount in the end, yet without all the hassles of listing it.... more
They are lenders, not collection agencies. It's pretty uncommon for a consumer to be able to buy a home directly from the bank but contact each firm to learn more about their process.
Don't Let Them Make a Monkey Out of You! Follow the links below.
Do Mortgage a allow forbearances?Needless to say, the oil and gas has effected many homeowners. I had heard the since the 2008 crash of the housing market, mortgage company have emplimented a forbearance program. Is this
If you house has been posted for foreclosure at auction, you would have to show at the foreclosure auction at the county courthouse with cash or cashier's check and bid against the lender for the property. Most home buyers would prefer not to do this. If the house has already been foreclosed on by the lender, you will need to wait until it is listed for sale. Once the home is listed for sale, it will be handled as what is called an REO sale. The timelines are then determined by the title company and your lender processing the sale. If you are paying cash, you could close in as little two weeks. If you use financing, it could take anywhere from 30 days to 60 days to close. You can get more information on purchasing foreclosures in the Houston area here: http://houstonprimerealty.com/foreclosures/... more
I originally used Top Producer, their sites are easy to setup but are not very flexible. My current website design was done by https://www.alphablossom.com/ using Wordpress. A custom built website using Wordpress can be very flexible and offers great SEO benefits. You can check out my website here http://houstonprimerealty.com/... more
No it is not necessary..however some agents use the boxes and are sometimes reluctant to open them for those agents who dont use Supra.......so if you dont want to bother the agent you must pay for a key or the use of a software app on your phone in order to open the box to get the key.........why agents should have to pay to get into a house is house is rediculous..I know... more