Does Your Home Qualify for a Cash Buy?

You’ve thought about selling your home to a cash buying company, but you’re not sure they will find your property acceptable. Maybe you hesitate to call because the home has been neglected and has fallen into disrepair. Or, you still owe on your mortgage. No worries—you can still sell to a cash buyer.

Messy and Cluttered

With a cash buy, your home is not listed on the market. There won’t be any photographs taken and put on a website, nor will  prospective buyers tour the home. There’s no need to declutter, scrub floors, or do any other kind of cleaning.

The cash buyer may want to look at your home, but it’s only to confirm the information you’ve already provided. They’ll want to see the location, check the number of bedrooms, measure the square footage, and so on. They don’t care if your home is messy.

Needs Serious Repairs

Every home needs a little fixing up, but sometimes there are serious issues, such as a bad roof, that can be expensive to fix. Maybe tenants have trashed the house, or you may have inherited a house from an elderly relative who was too sick to make repairs.

Cash buyers specialize in these kinds of homes. They buy the home “as is,” with full knowledge that it needs to be fixed up before it can be resold. In a cash sale, no home inspections are required.

Still Owe Money

Cash buyers frequently will purchase a home that still has a mortgage or other liens against it. It’s common for people who are facing foreclosure to sell their home to a cash buyer. The process is quick and you can get the cash you need to settle your debt.

During the closing process, you will arrange with your lender to pay off what you owe. The amount you owe will be deducted from your proceeds. If you owe more than the sale price, you may be able to do a “short sale,” but check with your lender first.

Whatever condition your home is in, or whatever your reasons for selling, you qualify for a cash sale. If in doubt, contact the cash buying company for a no-obligation offer. They will discuss your options with you.

If your Atlanta home is distressed or facing foreclosure, click here to learn more about how Simply Sold Homes can help.

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