Whether you need a quick home sale or are experiencing other real estate issues, selling your house can be a hassle. Traditional methods involve listing your house with an agent and waiting for the buyer to make an offer. While listing with an agent is great if your house is in good condition, there are many issues with the process. Financing issues and inspections can cause problems, and traditional sales can take months to complete. Furthermore, they do not always provide the selling price you need.
A cash buyer can save you a lot of hassle, and the upfront costs are much lower than those of a traditional home sale. However, keep in mind that these cash buyers often have much lower offers than traditional buyers. In Indiana, the median listing price for a home is $222,154, which includes carrying costs. This means that while you may save a lot of money by selling your home to a cash buyer, you’ll likely end up spending more money than you intended to.
A We Buy Houses company will offer a preliminary ballpark price for your house. While few companies will make an offer sight-unseen, most will present you with a legally binding offer after inspecting your house in person. Usually, the cash buyer will make an all-cash offer on the spot based on your house’s condition and value. Some of the bigger companies are not actual buyers, but instead refer interested sellers to house flippers or local investors.