While you can sometimes find a traditional cash buyer for a home, most people need financing because they don’t have thousands of dollars in the bank right now. Many homeowners believe they need to go the traditional route, which means hiring a real estate agent or selling themselves. However, these options can take months or years, and you may not be able to or want to wait that long.
Instead, you can choose a company that advertises to ‘buy houses for cash in San Diego’. These companies purchase homes from people who are usually in distress and want to sell quickly. They can usually close on properties within 30 days because they aren’t dealing with lenders or arranging for financing. They give you cash in hand and probably won’t ask for any inspections. They’ll inspect the place after they purchase it so that they can fix it up and sell it for a profit.
Targeted to Certain People
These cash buyers usually target a particular type of person. Homeowners who have been trying to sell traditionally for a while may find these companies particularly useful. Other instances where you may want a cash-for-house company is if you’re getting a divorce, going through bankruptcy, trying to avoid foreclosure, trying to evict your tenants, are unable to rent the place, or have relocated to another state and must buy a home in that area.
The ingenuity of these companies is that they require no commissions. They quote you a price (get it in writing), and you agree to it and sign the contract. You sign over the deed, and they give you money. It’s as simple as that, and you don’t have to worry about paying them a commission afterward or dealing with extensive fees for using the service.