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I get a lot of questions from homeowners about the advertisements you see from cash offer companies. These advertisements promise to buy your home as-is for cash and close in a very short timeframe (e.g., 48 hours).
Is it a good idea to sell your home to one of these companies, though?
In certain situations, yes. If you need to move out of your home quickly and have it sold within a week, for instance, this is a great option.
If this doesn’t apply to you, though, there’s one big drawback that comes with selling to a cash offer company: You won’t get a retail offer (i.e., maximum value).
Since these companies are essentially investment companies, their goal is to either sell your home after they own it or rent it out and make a profit, and part of that process requires making an offer below market value.
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If you have a longer timeframe in which to sell and you’re looking to get maximum value for your home, you’re better off listing the conventional way with a team such as ours.
Since these companies are essentially investment companies, their goal is to either sell your home after they own it or rent it out and make a profit.
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If you’d rather consider one of these cash offers that will allow you to sell quickly, don’t hesitate to give me a call, because I can refer you to several buyers who’d be interested.
If you have any other questions, feel free to reach out to me as well. I’d be happy to help you.
