Are you struggling with selling your home? Do you need cash fast? Choosing a Florida home cash buyer may be a much wiser decision than using a real estate agent. However, you should be careful when selecting a cash home buyer. Use these top 7 questions to ask when selling a house to a cash home buyer as a guideline to make sure you are dealing with a trustworthy professional.
1: How Long Have You Been Buying Houses? Asking how long the cash home buyer has been buying houses in the region is one of the best questions to ask when selling your house to an investor. This will allow you to gauge their success and their reputation for doing fair business. If they’ve been in the area for a while, most likely, you can trust them.
2: Do You Have Positive Reviews? Make sure to check the FL cash home buyer’s reviews before making any decisions. You can usually find reviews on websites by doing a simple Google search. If their reviews aren’t favorable, you should probably move on to a different option.
3: Do You Have Financial Proof? It’s important to understand whether a buyer has the funds to purchase your home. Unprepared and unprofessional cash home buyers in Florida may try to obtain funds from a separate buyer in order to pay you. This is a terrible way to do business. Asking the cash home buyer if they have proof of funds before agreeing to the sale will ensure a much smoother process in the end.
4: Will You Provide a Deposit? Ask the cash home buyer if they will provide a deposit before the process continues. This deposit will help you avoid missing out on other offers while waiting for the process to finish.
5: Will I Need to Make Repairs? The best FL cash home buyers won’t require you to make any repairs before they buy the house. If you have to come out of pocket for repairs it defeats the purpose of using a cash home buyer. Make sure there’s no stipulation requiring you to make any repairs on your own before closing.
6: How Long Is the Closing Process? Find out how long the closing process takes. Most reputable real estate investors are able to close between 7 to 21 days.
7: Do You Charge Any Fees or Commissions? It’s important to clarify whether there are any additional costs associated with the sale. Some Florida cash home buyers may charge a commission or “acquisition fee”, which will reduce the amount of money you’ll receive from the sale. Make sure you have a clear understanding of all fees and commissions before agreeing to the sale.
Remember, deciding to sell your Florida property fast to a cash buyer has many advantages. Unfortunately, not all investors are created equally. Be sure to ask these 7 questions to ensure you are dealing with a reputable professional.