Separate the Wheat from the Chaff of Cash Home Buyers

by Juan Mike Consultant The real estate market is abundant  with countless quick home  sale companies.  These enterprises   promise that you can easily sell your  home quickly in the  Philadelphia PA market  for a lucrative price.  And that they will buy it  in a as-is condition. Their advertisements are too tempting to pass up with tag lines like ‘We will buy your house as-is’ or ‘We buy any house for cash’ and so on.

In the present state of the real estate market, this prospect of a quick sale seems all the more appealing. But more often than not, they soon turn out to be empty promises as the cash home buyers ultimately offer a shockingly low price tag for your property.

So are these quick purchas companies all fake? Are they trying to take advantage of your situation when you need to  sell  your Philadelphia  house  quickly to them?
To set the record straight, an upfront cash offer to buy your house as is will definitely be lower than the actual market price of your property. But you have to take several other factors into consideration.

First and foremost, selling a house in the traditional manner is anything but easy. You have to list your home with a real estate agency and then wait for an offer which may often take months for an acceptable offer to materialize. Meanwhile, you also have to undertake substantial repairs on your property to make it look attractive and appealing. Hoping to sell your home fast in Philadelphia on the traditional real estate market is akin to asking for not just the moon but even the stars!

So, while a cash home buyer is willing to purchase your house in any location or condition, he will surely factor in the repairs and other costs before making you an offer. And this is why the purchase price offered by a cash home buyer will definitely be lower than what you originally expected.

How low is the key question here. Generally, a cash purchase offer in the range of 60% - 80% of the market value is considered a fair trade off. A fake fast buy company may try to exploit  irrelevant property issues to further reduce the purchase price or even trick  you by quoting a lower figure in the contract than what was originally promised. You have to be alert when signing the papers and ensure that it is in line with what was promised to you initially.

So, there definitely are many fly by night operators who try to con homeowners off their precious homes with attractive cash offers. But you just have to be able to separate the wheat from the chaff to find the genuine companies. The legitimate ones will help you to sell  your house fast in  Philadelphia without the unnecessary time, expenses and effort involved in updating, repairing and selling your property. And you can rest assured that you have got a fair bargain as well.

Juan Mike is a leading writer on real estate management. He specializes in sell home fast Philadelphia and helping first time homebuyers sell their houses in Philadelphia. Juan is a leading author on the home market in Philadelphia. To get more useful information on how to sell house fast philadelphia, visit us at moneybugbuyshouses.com/Philadelphia .

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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