Most people who decide to sell their home to a cash home buying company are looking for a quick and easy sale for a variety of reasons. Oftentimes, they want to sell quickly or they need the cash. Here are some common reasons.
Facing Foreclosure
Homeowners who have fallen behind on their mortgage payments can face foreclosure. In this legal process, the lender will take possession of your home, and you’ll be evicted. You’ll also be left with a hard hit against your credit score that may make it difficult to get any kind of loan for a very long time.
Many homeowners decide to sell their homes before foreclosure proceedings start. Their time is limited, so they need a quick sale. They often turn to cash home buying companies because they can almost always close within 30 days.
Inherited a House
When a loved one passes away, you may need to sell an inherited house to settle their estate. The house may need extensive repairs, especially if the relative was elderly or had been ill for some time. To sell on the open market, you’d either have to pay money to make the repairs or list the house “as is.”
Instead, many heirs will ask a home buying company for a cash offer. These companies will purchase a home in its current condition and will not ask you to make repairs. You can get cash for the home quickly and close the estate.
Need to Relocate
When a homeowner needs to relocate quickly, whether it’s to accept a new job or help out a relative in another location, they will often contact a cash home buying company. When you’re leaving town, a quick cash sale is just what you need.
Relocating can be expensive, and you don’t need the added burden of trying to keep up a vacant home while waiting for an offer. A cash sale will allow you to sell your home quickly and not have to worry about when your home will sell.
Whatever your reason for selling, a cash home buying company will almost certainly be interested in buying your home. If you’re not sure, they will give you a free consultation and discuss the options available to you.
If you want a quick home sale in the Atlanta area, click here to learn more about the cash buying process.
