Do I need to spend any money on my house if I want to sell it quickly for cash?
There’s a quick answer to that question, and it is No. If your house needs repairs or updates and you really can’t afford to spend any money on it, your best option is to sell it “as-is” at a discount to a cash buyer.
The #1 reason anyone would sell their house quickly “as-is” is most likely the house is in need of significant repairs & updates and the owners just don’t have the funds or the experience to take on a big renovation project.
The #2 reason anyone would sell their house quickly “as-is” is to do it very quickly and discretely. Cash buyers are the fastest way to liquidate a house quickly.
There are many local cash house buyers in Dallas – Fort Worth TX that work with local home owners who need to sell fast. The home owners we’ve worked with come to us with all kinds of reasons for needing to sell house fast Dallas Fort Worth. This list goes on and on as to why anyone would need sell a house quickly and everyone’s situation is different.
Most people just don’t know where to start when they are faced with the challenge of liquidating a property quickly. The best way to determine if you do need to spend money is decide on if you want full market value for the house.
If your house is beautiful & pristine and you do want full market value, then the house better be signed up with a real estate agent to get mass exposure, clean, de-cluttered and ready to show to picky qualified bank approved buyers. We’ll dig into the “qualified” buyer type on another post.
If that’s your goal then be ready to come out of pocket with some money to get your house ready to fetch top dollar.
If the house is distressed and in need of repairs & updates and you’re 100% sure you’re not spending any money on it, then selling to a cash buyer is the absolute fastest way to sell it quickly without spending any of your own cash.
Here are a few benefits to selling to a cash buyer.
Buyer pays All Cash with No Financing approval and can close quickly.
Typically 30 days or less to close with No Contingencies. Huge Tip! (Beware of any cash buyer that needs a 14 day inspection period, they either really don’t have the money and or they are trying to flip it to another buyer that actually does have the cash.)
Buyer accepts house “As-Is” in current condition with no warranties.
Buyer typically pays all closing costs, title & escrow including an owners title policy, attorney fees, doc prep and other miscellaneous fees that will be listed on the buyer side of the settlement statement.
Sellers are always responsible for the annual taxes and any liens that would need to be paid off from the proceeds of the sale.
The single biggest benefit to selling to a Cash Buyer is the speed in which this process can be done. Cash buyers don’t need to get bank approval which bypasses the inspection process since there is not a bank approving an individuals credit as well as the condition of the property.
Normally traditional banks won’t finance a house if it’s in disrepair. They see it as a risk and won’t lend on the normal “fixer upper” house. This creates a sticky situation for anyone with a house in this type of condition.
That’s where we come in.
We at Trusted DFW Homebuyers are cash buyers in Dallas – Fort Worth TX. Our goal is to help homeowners who need to sell a house fast (especially houses that need repairs & updates) navigate through selling process quickly, honestly & ethically by buying your house for cash.
With our local partners we fix up the property, beautify the neighborhood, and sell it “move-in” ready to a happy new home owner.
We pay for all of the repairs.
We pay for the closing costs.
We do all of the work, so you don’t have to.
Our goal is to make the whole process “hassle free” for you, so you can move on with your life and put this house behind you.
So remember if you need to sell your house quickly and don’t have the cash to fix it up for the retail buyer that needs to get bank financing, you can sell it quickly without spending a dime on it.