Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Calgary that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)

How do you determine the price to offer on my house?

Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

How are you different from a real estate agent?

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).

Is there any obligation when I submit my info?

There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

Why Is Selling a House For Cash Better?

When it comes to selling a home, it can be a lengthy and stressful process, especially for homeowners who are looking for a quick, hassle-free solution. Most homeowners don’t want to spend time and money fixing up, cleaning, and staging their houses for potential buyers before selling. So what is the most suitable solution?

Traditional methods of selling homes may also bring additional worries, such as a slow and drawn-out sale process, difficulty in finding a trustworthy real estate agent, and high expenses involved.

Fortunately, there is a more straightforward and efficient option available: selling your home for cash. Cash offers can streamline the selling process, providing a range of benefits over conventional methods, including a faster sale time, lower costs, and reduced stress. If you’re looking to sell your home quickly and smoothly, a cash offer may be the right choice for you. Let’s find out why is selling a house for cash better.

What does it mean, “selling a house for cash?”

Cash home offers are straightforward transactions where a buyer pays the full amount for a house in cash. Unlike conventional home purchases, the buyer does not need to secure financing from a mortgage lender or other financial institution. This makes the process faster and reduces the risk of the sale falling through due to financing issues.

Cash home offers are usually lower than the full market value of the property, but this trade-off is worth it for the seller. The reduction in offer price is balanced by the lack of expenses and time needed for upgrading, negotiating, and marketing the property. With a cash home offer, the seller can save on these costs and close the sale faster, making it an attractive option for those looking to sell their home quickly.

How common is cash offers for homes?

Cash offers for homes are a common phenomenon in the real estate market, contrary to popular belief. In fact, cash sales account for approximately 22% to 24% of the market for single-family homes and condominiums.

Cash offers are more prevalent in certain regions of the United States, with some states such as North Carolina, Georgia, and Florida seeing as much as 35.5% of sales being made in cash. This is due to a variety of factors, including the following:

Immediate Need: A buyer may have just sold their home and need a new place to live right away, making a cash offer more appealing.

Investment: Real estate investors may be interested in the property and opt to make a cash offer.

iBuyers: If the seller contacts an iBuyer, a cash offer is often made as part of the process.

Competitive Edge: A buyer may want to gain an advantage in the market by making a cash offer.

Repairs and Renovations: If the property requires expensive repairs or renovations, a cash offer may be more attractive to the seller.

Fix and Flip: Someone may want to sell their home quickly for a fix and flip opportunity.

It is important to note that cash offers can occur at any point in a transaction and are subject to fluctuations due to various factors such as market conditions and changing prices. For example, homes that are more expensive are more likely to receive cash offers, while lower-priced homes may be better suited for mortgage loans.

What makes a cash offer different from a conventional offer?

The homebuying process with a cash offer is distinct from that involving a mortgage loan. It typically moves at a faster pace as there is no need for mortgage application, documentation, or underwriting and buyers do not require an appraisal. The average mortgage loan takes 43 days to close, but with a cash offer, it’s possible to close the transaction in just two weeks.

The absence of a mortgage loan means that the buying process has fewer contingencies. Buyers do not need a financing contingency, and there may not be a requirement for a sale contingency, although some buyers may still opt for an inspection contingency. The need for an appraisal is also eliminated as they are typically lender-mandated.

At closing, the process is much simpler. Buyers sign the settlement statement, title, and deed, provide a cashier’s check or wire the money, and receive their keys. The reduced paperwork and elimination of lender fees result in lower closing costs.

Title and escrow services are still necessary to complete the transaction, but without a lender involved, buyers have more flexibility in choosing these services and can compare fees by shopping around.

The requirement for cash buyers to demonstrate their financial capability before proceeding with a purchase is a significant distinction from the homebuying process involving a mortgage loan. In the latter case, buyers typically have a pre-approval from the lender, indicating that they have been vetted and found to have the financial means to make the mortgage payments. However, in a cash sale, this security is absent. Instead, the buyer must present a proof of funds letter from their bank demonstrating their ability to complete the sale through availability of the required funds.

Why Is Selling a House For Cash Better?

No Need for an Appraisal

One of the key benefits of a cash sale is that there is no need for an appraisal. Mortgage lenders require traditional buyers to undergo the appraisal process to determine the home’s value, and a low appraisal can cause the mortgage lender to decline financing for the home, putting the sale in jeopardy. By selling for cash, the appraisal process is eliminated, allowing for a more straightforward and secure transaction.

Quick Closing

For those who want to move quickly, a cash sale is a faster option than the traditional selling process. Waiting on mortgage lenders can take time, and a cash sale can help avoid these lengthy delays, allowing you to close quickly and move forward with your life.

Reduce Stress

Selling a home through the traditional process can be a stressful experience. From the need to handle upgrades, repairs, and cleaning to the requirement to find a real estate agent, manage the inspection and appraisal process, and keep your home in pristine condition, there is a lot to consider. By selling your home for cash, you can reduce stress, cut down on overhead, and move forward with your life faster.

Streamline the Paperwork

The traditional home-selling process involves a significant amount of paperwork, which can be confusing and time-consuming. There are a lot of forms to read and sign, and making a small mistake can cost you in the future.

Working with a reliable cash buyer can simplify this process as they handle the paperwork for you. Keep in mind that not all cash homebuyers offer this service, so be sure to research and read references and reviews to find out how they handle the paperwork and closing process.

Fewer Risks

Relying on the traditional buying process always carries the risk that the deal can fall through, causing you to waste time and forcing you to look for another interested buyer. With a cash sale, you can sell quickly and without the added risk, making it

Avoids Repair Costs

Making necessary repairs to a home before selling can be costly and time-consuming. This can be a major barrier for some sellers, as not fixing the issues can result in lowering the asking price. With a cash sale, you don’t have to worry about making repairs or renovations. You can sell your home in its current condition, saving money and time on costly repairs.

No Need for Inspections

The appraisal and inspection process can be stressful and time-consuming, requiring

repairs to be made and delaying the sale. Selling for cash eliminates the need for these inspections and the stress that comes with them, even if your home has imperfections.

Saves on Marketing and Showings

Selling a home through traditional means requires significant effort and time to market the property and host showings for potential buyers. Keeping the home in pristine condition for these events can also be challenging for busy homeowners. A cash sale eliminates the need for marketing and showings, freeing up your time and energy.

Get Rid of the Hassle of Negotiations

Traditional home sales often involve lengthy negotiations, where buyers try to haggle over the price and argue about minor details. This process can be both stressful and time-consuming, delaying the sale of your home. Selling for cash eliminates this hassle. You will receive a solid offer for your home, which you can accept right away. You don’t have to worry about the buyer changing their mind at the last minute, which can delay the sale.

Save on Commission Fees

When selling your home on the market, you also have to pay a commission fee to a real estate agent, which takes away from your profits. Selling for cash eliminates the need for a real estate agent and the commission fees associated with them.

However, be aware of hidden fees that some cash buyers may charge. HomeGo, for example, does not charge any fees, allowing you to keep more of your money.

Move at Your Own Pace

Are you moving for a new job, going through a divorce, or simply ready for a change? Don’t let a slow market hold you back.

Why wait for your home to sell on the market when you can sell for cash and move on with your life quickly?

Final words

Hope you have understood why selling a home for cash is better? It provides a fast and hassle-free solution for homeowners facing challenges, such as a divorce, a new job, or financial difficulties. Selling for cash eliminates the need for negotiations and reduces the amount of paperwork involved in the selling process. You can also avoid paying commission fees and eliminate the risk of a failed sale. If you’re looking to move quickly, selling your home for cash can provide you with a convenient and stress-free solution.