A Difficult Situation
Sometimes life doesn’t move as smoothly as we’d planned, and things happen unexpectedly. Whether a financial crisis, family emergency, personal decision or job change, you may need to relocate as soon as possible. In difficult circumstances like these, you may be looking into selling your house for cash.
A Possible Solution
If that’s the case, Sell Your House Fast – Mississippi wants to help you find a solution. Let’s talk a little about the costs and traps associated with traditional home sales, to put into perspective why this can be a viable option.
The Mortgage Loan
One of the biggest traps that cause delays in a traditional sale is the fact that the buyer is dependent on a mortgage lender. Mortgage lenders do provide financing options like getting a mortgage loan pre-approval. However, it’s the lender requirements that cause the problems.
Anything from the home appraisal process to the home inspection and repairs, or maybe they just don’t like the balance in your savings account, these things can cause serious delays.
Last Minute Denial
Then, after all the time you spend, you always have the chance of the buyer’s financing falling through at the last minute. Perhaps the mortgage company didn’t think this homebuyer could make the monthly mortgage payment. Perhaps they weren’t satisfied with what was in the buyer’s bank account – or their credit score didn’t quite cut it – the fact is, all it means to you is that now you have to start all over again!
The Agents
In a traditional home sale, a real estate agent is essential to getting the most money for your property. However, keep in mind that when calculating the costs of selling, aside from the mortgage payoff, the agents’ commissions represent the most significant portion.
It is customary for the seller to pay the real estate agents as part of their closing costs. On average, this is about 6% of a home purchase price and covers both agents – buyer’s and seller’s.
Individual Cash Buyers
This type of home buyer is rare, but especially in today’s volatile, unpredictable housing market, it definitely could happen. If your house is on the open market and you receive a cash offer from an individual home buyer, this is a whole different situation. But before you even begin to contemplate this cash offer, take control of the situation by establishing some initial “ground rules”.
Ground Rules – Individuals
When dealing with an individual, be sure to ask if they plan to put earnest money down, showing you that they’re serious about their all-cash offer. Additionally, it is your right to request proof of funds, such as a current bank statement.
Main Difference
Besides the huge difference in closing times, the other main difference between financed offers and cash offers is selling on the open market or selling to house cash buyers. Typically, these are the types of potential buyers you’ll encounter. Now that we’ve covered a little about traditional sales and individual cash buyers, let’s move on to cash buyers from legitimate businesses, like Sell Your House Fast – Mississippi.
Advantages of Cash Buyers Like Us
Here are some of the advantages of using Sell Your House Fast – Mississippi:
- NO REAL ESTATE AGENT COMMISSIONS!
- NO CLOSING COSTS!
- NO HOME INSPECTIONS!
- NO HOUSE APPRAISALS NECESSARY!
- NO REPAIRS NEEDED! WE BUY HOUSES IN ANY CONDITION!
- NO HIDDEN FEES OR COSTS FOR OUR SERVICE!
- WE HANDLE ALL THE PAPERWORK, LEGAL FEES AND ANY OTHER COSTS ASSOCIATED WITH THE SALE OF YOUR HOUSE!
- GET A FREE, NO OBLIGATION CASH OFFER!
- GET YOUR CASH IN AS LITTLE AS TWO WEEKS IF YOU ACCEPT IT!
Sell Your House Fast – Mississippi
Sell My House Fast – Mississippi is a reputable, reliable, and fair house buying company built on integrity and quality of service. We actually care about our clients, and want to help find a solution that’s a win-win for everyone involved. At Sell Your House Fast – Mississippi, we understand that life is unpredictable and doesn’t always work out the way we originally planned. In difficult situations when time is critical, follow the steps below.
To Get a Free Cash Offer with Zero Obligation
To request your free, no obligation cash offer, simply fill out the short form on our homepage, right here on this website. A cash buyer will be in touch shortly to schedule an appointment to visit the property in person. At that time, the cash buyer will discuss your personal and unique circumstances and answer any questions you may have. Additionally, cash home buyers will be prepared to make cash offers on the spot! There is never any pressure or obligation to accept our cash offer.
How to Estimate a Fair Cash Offer
Before we bid you farewell, here are some good tips to remember for getting an idea of what a fair cash offer looks like.
- Expect a lower price for the convenience and speed of sale. Anywhere up to a 20% discount from FMV is considered competitive and fair, though situations do vary.
- Even though the buyer is paying cash, you still have to pay off your existing mortgage and relocate! So you have to make sure it’s enough cash, to do what you need to do.
- Make a list of discount points you’d be willing to concede in exchange for this fast, simple process. Imagine the freedom of being able to just pack up your things and walk away clean. What’s it worth to you?
- Consider the current real estate market when estimating value. Cash buyers pay home prices according to fair market value. FMV is determined using home purchase prices of comparable houses recently sold in your area. You can also look at your most current bill for your property taxes and see what the city estimates your house’s value at.
So good luck in selling your house and your new beginning! We hope to serve you soon, at Sell Your House Fast – Mississippi. See the website for complete details.
