Real estate investors are recent entrants to the property market, but they have made an enormous impact. Cash home buyers are investors who buy properties outright for cash. They are direct buyers and don’t need a mortgage or loan from a lender to buy your home. But it doesn’t mean that you’ll receive a briefcase full of cash. Generally, the funds will be transferred electronically or through a cashier’s check.
The process is fast. In most cases, you can sell the house in a week. There are several other advantages of selling your home for cash. We’ve listed a few below.
The Process Is Quick
Around 95% of homebuyers in a traditional market need home financing. The need for financing slows down the sale process because several contingencies are involved in a lender-backed sale. While the financial contingency can be released when buyers are pre-approved, you cannot skip appraisal or inspection. The entire process takes 90 or more days and another 30 days for the escrow to close.
But a cash home deal can be completed in just seven days. As leading cash home buyers in Calgary, we’ve even closed in three days! Because we pay cash, there are no contingencies involved. You can choose a date that’s convenient for you. The money is wired directly to your account, so you don’t have to wait until the escrow closes.
It’s a Stress-Free Process
Selling a home in a traditional market can be a tiring and time-consuming process. It takes around two to three weeks to repair, repaint, tidy up the house, and get it market-ready. Finding a good real estate agent is another problem. Then, you have to stage and market the home and make sure it’s always ready for prospective buyers. Once you find a buyer, you could have issues involving closing formalities. You’ll have to clean the house after you’ve packed all your items and moved them.
With us, you can sell the house fast in Calgary and experience a stress-free sale. You don’t have to put up with prospective buyers bothering you when you’re busy. All it takes to sell your house is a phone call or visit to our website to fill out the online contact form. Our team will contact you within 24 hours to make a free and fair offer. If you’re happy with the request, we’ll proceed with the remaining formalities and close at a local law office. You don’t have to worry about overhauling the junk either. Leave with the things you need, and we’ll take care of the cleaning.
You Don’t Have to Undertake Repairs
Typically, you have to spend money on repairs and renovations before putting a house up for sale. If you’ve inherited an outdated home, it could take thousands of dollars to bring the house up to date, and some homeowners do not have the money to undertake repairs. We buy homes in Calgary as-is. You don’t have to spend money on repairs or renovation. We’ve purchased hoarder’s homes and inherited properties that haven’t seen a coat of paint for years.