Types of Homes Home Buying Companies Routinely Purchase
Offer Hut Blog
by terry
1y ago
Anyone can sell their home to a home buying company. However, there are certain homes that home buying companies will often purchase. They buy these homes in order to help the sellers out of difficult situations.  Homes Facing Foreclosure  Financial struggles can make it difficult to keep up with mortgage payments. If you miss too many payments, then you run the risk of being foreclosed on. When you’re facing a foreclosure, there are several options you can pursue including negotiating with your lender. However, selling your home may be the best option. It allows you to make up what ..read more
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Rent Back Agreements After Selling to a Cash Buyer
Offer Hut Blog
by terry
1y ago
After selling your home, you may not be ready to actually leave it. Whether it’s because your new home isn’t ready or because you haven’t found a new home yet, staying in your current home may be your best option. Fortunately, there are ways you can do this.  What is a Rent Back Agreement? A rent back agreement is an agreement made between the buyer and seller. It allows the seller to stay in the home for a period of time after the sale date. In many cases, sellers will make a rent back agreement a non-negotiable term for selling the home. They will need to find a buyer who is willing to ..read more
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What Do You Pay During a Cash Sale?
Offer Hut Blog
by terry
1y ago
In a traditional home sale, there are several expenses that you’ll need to account for including taxes, commissions, and more. However, cash sales are a little different. There’s less you will need to worry about.  No Commissions  Anyone who’s sold a house before will tell you that one of the largest expenses is paying the commissions of the real estate agents involved in the sale. The seller is usually responsible for paying both commissions. This commission usually comes out to be about 6% of the sale price which is split between both agents. This is a major expense that not all se ..read more
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Do I Make Repairs When Selling to a Cash Buyer?
Offer Hut Blog
by terry
1y ago
For most home sales, there’s a lot of prep work that needs to be done. This includes repairing any major damage or even doing a full renovation. However, this isn’t always required with a cash sale.  Selling As Is  When you sell as is, it means you are selling your home without making any changes. The buyer is purchasing it in whatever condition it’s currently in. If you sell your home as is, there are only a few steps you need to take care of. It’s helpful if you have an inspection done before selling your home. This at least lets you know what damage exists. It’s then your responsi ..read more
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How Fast Can You Close on a Cash Sale?
Offer Hut Blog
by terry
1y ago
Selling to a cash buyer can offer you a variety of benefits, but the speed of the sale is perhaps the biggest draw. Closing on a cash sale is much faster than a traditional sale because the process is streamlined. You can complete the entire process in under 30 days.  Cash Sale vs Traditional  In a traditional sale, the buyer needs to get a mortgage loan before they can purchase the home. As a part of the approval process, your home must be inspected and appraised to ensure it’s a good investment before the lender approves the loan for your buyer. The process of getting approved for ..read more
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Why Sell to a Cash Buyer?
Offer Hut Blog
by terry
1y ago
As you consider what route you want to take when selling your home, it’s worth it to consider all your options. Cash sales are quickly becoming a popular option. There’s a lot of value in selling to a cash buyer. No Mortgage Loan In a traditional sale, the buyer has to apply for a mortgage loan in order to actually purchase the home. After applying, they need to wait for the approval and this approval will depend on their own reliability as well as the quality of your home. Getting approval can take weeks or even months and you can’t begin the sale process until that approval has been given. C ..read more
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The Cash Home Sale Process
Offer Hut Blog
by Emily Landberg
1y ago
Selling your home to a cash buyer can provide you with a faster, easier, and cheaper sale. If it’s your first time selling to a cash buyer, you may be curious about the process. Fortunately, it’s fairly simple to understand.  Finding a Buyer  Your first step will be finding a cash buyer. There are several cash buyers you might encounter including individual buyers. For a more convenient experience, you should consider selling to a professional home buying company. These companies routinely purchase homes in any condition, make repairs, and then rent or sell them again. Selling to the ..read more
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Saving Money When You Sell to a Cash Buyer
Offer Hut Blog
by Emily Landberg
1y ago
There are many great reasons why you should sell your home to a cash buyer. It’s a faster sale that requires little effort on your part. However, one of the biggest benefits of a cash sale is it will actually save you money.  Repair Costs  Many people don’t account for the fact that selling their home typically requires spending a lot of money on making repairs and renovations before actually listing your home. In order to attract a buyer, sellers will update their homes and make them more appealing. However, cash buyers will typically purchase homes in their current conditions. This ..read more
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Why It’s Worth It to Sell Your Home for Cash
Offer Hut Blog
by Emily Landberg
1y ago
When it comes to selling your home, there are a few options available. A cash sale is a convenient choice that’s worth exploring. It can give you a cheaper, faster, and easier home sale.  Save Money on Closing Costs  Many people don’t realize that selling a home comes with expenses. The seller has some closing costs to pay and they can be quite expensive in a traditional home sale. This is because you are responsible for paying the commissions of both real estate agents and this can be about 6% of the sale price. Cash sales don’t typically involve real estate agents, so you’re alread ..read more
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Understanding Foreclosures and Your Options
Offer Hut Blog
by terry
1y ago
Facing foreclosure can be a scary experience that only adds to an already desperate situation. If you are facing a foreclosure, you need to take time to understand what this means and what your options are. Even knowing a few basic facts can ease any worries you have.  What Is a Foreclosure? A foreclosure is the process of a lender repossessing a home after the owner of the home misses several of their mortgage payments. This process usually begins once it’s clear the owner cannot make any payments on their home. If your home is foreclosed on, this will go on your credit report and it wil ..read more
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