article thumbnail

Surprising Things You Should Know About Cash Homebuyers

Realty Biz

Others don’t want to spend more time and effort preparing their homes, which involves making repairs, upgrades, and staging before sale. Cash sales remain strong, even as the real estate market recovers from the low housing inventory and soaring mortgage rates. Cash homebuyers can present several documents as proof of funds.

article thumbnail

Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Cash offers are becoming more common, especially in this extremely competitive market,” Latif says. A cash offer may come from a homebuyer with liquid funds who wants an edge over the competition. Compare the offer against your home’s fair market value. Cash offers are often lower than the market value of your home.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

11 Homeselling Myths, Debunked

The Close

Myth #2: Wiggle Room in Pricing Is Essential for Negotiation The market price of a home can fluctuate by tens of thousands of dollars over a year. If you’ve got an overpriced listing on the market, it gets staler every day that the listing is available. Marketing your listings is one of those pieces that is done behind the scenes.

article thumbnail

Definitions for Deal-Seeking Buyers: Short Sales, Foreclosures, and REO Homes

HomeLight

You will learn what each stage of the process looks like as we define the different terms clearly. A distressed home for sale probably doesn’t look any different than any other home on the market, though there is a possibility that it will be more run down. That said, such a home can likely be purchased for fair-market value.

article thumbnail

5 Legit We Buy Houses for Cash Companies in Colorado That Sellers Love

HomeLight

No repairs, no staging, no open houses. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Many reviews speak of prompt and professional communication, Shaun’s excellent knowledge of the real estate market, and fair offers. Quick sale.

article thumbnail

7 of the Top We Buy Houses for Cash Companies in Central Florida

HomeLight

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. House Heroes also provides sellers with a proof of funds bank statement.

article thumbnail

Wait! Read This Before You Sell Your House for Cash

HomeLight

Translating that to real estate terms, selling a house for cash goes something like this: Request an offer: You skip the staging and showing process and go straight to requesting an offer. Ask for proof of funds and EMD. Request Cash Offer. You’ve probably seen ads for “We Buy Houses For Cash®” companies — so are they legit?