You may find yourself in an unexpected situation where you need to sell your house immediately. It may be because of the property’s condition or a distressed property, the death of your spouse, bankruptcy, upgrading to a better one, or you just simply need the cash. A common perception of house selling is that it doesn’t happen instantly and is usually a non-cash transaction. This is a misconception.
Most people don’t know that almost 40% of real estate transactions are cash for houses. As we know, sometimes it can get complicated when banks are involved. There are many ways to sell your home these days, especially with the help of technology. You can upload photos of the house you want to sell on social media platforms like Facebook and find decent homebuyers. Moreover, many websites offer to buy homes. It is one of the ways you can sell your house for cash quickly — by selling it to wholesalers.
What are Wholesale Home Buyers?
Wholesaling is more of a strategy than a category in real estate. Wholesale buyers offer quick cash for real estate properties that cannot be sold in a traditional sale because of their poor condition. Although it’s not impossible, it’s just unlikely and may take so long of a time to find a buyer for them. Wholesale buyers act as middlemen for your house; although they may not offer top-dollar, still, you get a fair amount for your home immediately.
Why Do they Do this Even if Your House is Distressed or in an Unfavourable Condition?
Wholesalers either already have a list of cash buyers who flip houses, or these wholesalers are flippers themselves. Flipping houses pertains to renovating them and selling the home for a higher price.
Why Should You Sell Your House to a Wholesaler?
Although they offer low-ball cash offers, as mentioned, it’s still fair, and it’s fast! It may be the quickest way to sell a house than publicly listing it with an agent and end up waiting for months or even years.
Where Can You Find Wholesale Homebuyers?
In most cases, wholesalers find you instead of you finding them. However, as times have changed, there are many available online websites run by wholesalers. You just have to find ones that have proven credibility, reliability, and quality of service. Although wholesalers can be licensed or not, what’s important is finding one that is trustworthy and fair. They should manifest these qualities in their websites and how they transact with you. The more transparent they are, the better.
More so, you can search for testimonials and reviews about a company or website’s services to learn more before choosing the final one. You may also ask your family, friends, and the people you trust for a referral. They may have previous experiences in selling houses that may be beneficial for you. If they’ve had good experiences, they’ll refer you to that wholesaler. If not, at least they’ll tell you where not to seal your deal with.
There are other ways and places to sell your house, as repeatedly mentioned and compared in this article. It all boils down to how urgent you need the cash. There will always be ways to convert your house into cash, but there are only limited ways you can sell them quickly.