Top 7 Questions to Ask a Cash Home Buyer Before You Sign That Contract.

There are a ton of ” WE BUY HOUSES” companies out there. How do you know who’s legit and who’s a scam? What questions do you ask? Thankfully as a homeowner you have options! AND most importantly YOU are in the driver’s seat! Selling your house fast can be extremely overwhelming. Cash Home Buyers should offer a fast, hassle-free alternative to the traditional home-selling process. But just because you’re seeking speed doesn’t mean you should rush into a deal without understanding your options. It’s essential to do your homework, and that means asking the right questions when interviewing potential Cash Home Buyers. Here are some of our most asked questions that can help you make an informed decision and ensure that the Cash Home Buyer you choose is trustworthy and offers you the best deal.

1. How long has the Cash Home Buyer been in business?

I love this question because experience matters when it comes to selling your home quickly. Established cash buyers have likely worked with a variety of homeowners and have a streamlined process in place. With experience comes great stories! Ask the cash home buyer about their experience and track record. What deals have gone bad? How did you handle the situation? A reputable cash home buyer should be able to provide you with details about how long they’ve been in the business and examples of both successful & unsuccessful transactions. These stories and situations are how we learn & grow as a business! No two deals are the same. There is always something to learn with each deal.

2. Can the Cash Home Buyer provide references or testimonials?

When selling such an important asset, you want to know that you can trust the buyer. Ask for references or testimonials from previous clients who have sold their homes to them. Real feedback from people who’ve been in your shoes will give you insight into how the process works and what you can expect. Another great references are the companies that the Cash Home Buyer works with. For example: Title companies, attorneys, other real estate brokers, etc. Real Estate is a relationship business and a close nit community. Talking with other professionals about their experience with the Cash Home Buyer is a great way to vet them before partnering with them!

3. How does the Cash Home Buying process work?

Time is of the essence when you need to sell quickly, so it’s crucial to understand how the buyer’s process works. Reputable cash home buyers should have a transparent, simple process that typically involves a property assessment, a cash offer, and a closing date that works for you. They should explain each step clearly and without jargon, ensuring that you understand what will happen from start to finish. All transactions should be this easy, but unfortunately things can get tangled up along the way. Communication is key. You want to work with a Cash Home Buyer that will guide you through each step. It’s essential that you clear picture of how the process works.

4. What is the offer based on?

While Cash Home Buyers usually make competitive offers, it’s important to understand how they arrived at the offer price. A good Cash Home Buyer should provide you with a reasonable explanation, based on comparable home sales, property condition, and market trends. If the offer feels too low or too high, ask for clarification and make sure they’ve done proper research. Ask them to go over the comps they are using. Remember everything is negotiable! You have to feel comfortable with your offer. You want to partner with someone that has a win-win mentality. You don’t want to leave the closing table with sellers remorse.

5. Does the Cash Home Buyer charge any fees or commissions?

Unlike traditional real estate agents, Cash Home Buyers often work without fees or commissions. However, it’s still crucial to ask upfront if there are any hidden costs, such as transaction fees, closing costs, or any deductions from the offer price. The more transparent the buyer is about this, the better. Everything should be spelled out clearly in the contract to purchase. Go over everything with your Cash Home Buyer. They should be able to explain any questions you may have. Also, if you are still uncertain seek out the closing company. Whether its an attorney or title company closing the deal they should answer any questions you have pertaining to the contract and closing.

6. How quickly can the Cash Home Buyer close?

When you need to sell your home quickly, time is your biggest concern. Some cash buyers can close within a matter of days, while others may take a few weeks. Be sure to ask about the timeline and make sure it fits with your urgency. A trustworthy cash home buyer should be able to offer flexibility but should also commit to a clear timeframe. All sales should go through a real estate attorney or title company. Sometimes they can close in as little as 5 business days while others need 10-15 business days. These companies are doing an extensive search on the property to make sure the title is clear and good to go for a smooth closing. *Pro tip: Never ever exchange any monies directly with a Cash Home Buyer. ALL monies should go directly to a closing attorney or title company.

7. What happens if I’m not satisfied with the offer?

You deserve peace of mind throughout this process, so ask the Cash Home Buyer what your options are if you’re not comfortable with the offer. Can you walk away without penalty? A professional Cash Home Buyer should not pressure you into accepting an offer that doesn’t work for you. You need to choose a Cash Home Buyer that will offer you a no obligation offer. Shop around! You don’t have to take the first offer you come across. get 2-3 offers and pick the company that you think is best!

These are some of our most asked questions. If we didn’t cover your questions please contact us here or click the button below! We’d love to hear from you and answer any questions you may have. If we don’t have the answer we’ll put you in touch with someone who does!