“We Buy Houses For Cash“- these are companies that have the funds necessary to purchase your home quickly in the conditions that you need to sell home fast in order to avoid foreclosure or get money quickly for some other reasons.
You should use companies that “Buy Houses For Cash” when you absolutely have to get rid of your old or damaged home now. If you do not have the time and money to fix it up and resell it using a realtor, you must go with these companies.
The cash home buying companies will buy your home whether it is practically new or badly damaged. This benefits homeowners that need to sell houses now because they don’t have to spend the time or money to fix their home before they sell it.
I actually work for one of these companies and feel like I could give an insight to how this home buying industry is today.
Here are some statistics of our research against Estate Agents:
Sale Period – Cash buying companies 7 – 28 Days. Real Estate agents 6 – 9 Months (Obviously these can vary – but cash buying companies complete in under a month).
Commission or Realtor Fees – Cash buying companies always take less in terms of fees when selling your house. You must take into account that even though Estate Agents can offer you a higher selling price, there will be a lot of hidden fees that don’t appear until you agree to sell.
Solicitor Fees – Cash buying companies do not charge solicitor fees and will pay these for you, MANY Estate Agents do not.
In the end it all boils down to whether you want to achieve a quick sale in under a month or take a risk and have your property sitting on the market for months hoping you make a few extra thousand.