If you’re selling your home for cash, you may be wondering how to know if you’re getting a fair deal or not.
A lot of people that sell their homes for cash are. And it’s understandable.
Like you, they want to be completely certain they’re getting the best offer for their situation.
But how do you know?
Well, here are a few ways you can ensure that the cash deal you’re getting for your home is actually a good one.
Look at Comparable Properties That Recently Sold Nearby
The first thing you need to look at is the market value of your home. To determine that, look at what similar properties nearby (the more similar and the closer, the better) sold for. Make sure to account for factors such as condition, schools, traffic, lot size, and other features.
Things like the listing price and the price-per-square foot can be very deceiving because there are usually other pricing factors at play.
You also don’t want to use price estimation tools on free sites such as Trulia and Zillow because the prices vary greatly from site to site and tend to be inaccurate.
Consider the “As-Is” Condition of Your Home
There’s a big difference between what your home will sell for as-is and what it will sell for when repaired.
If it’s going to cost you say $50,000 in repairs to get your house on the market, that’s going to greatly impact what you’ll actually net (the amount remaining after debts, deductions or expenses) when you sell your home.
Make Sure They Know What They’re Doing
When you get on a call with a real estate investor who’s considering buying your home for cash ask them about their experience and how long they’ve been in business.
Also, take a look at their website. Examine their blog, about us page, and testimonials.
If it looks like they have a good track record and they’ve provided a lot of helpful information, it’s likely they’ll offer you a decent deal.
Get Multiple Cash Offers
If you really want to be sure you’re getting a good deal, get multiple cash offers from real estate professionals or cash buyers.. Then you won’t have to wonder if you could’ve gotten more cash for your home elsewhere.
If you’re looking for a good cash deal on your home, fill out the form below. There’s zero pressure. And we’ll tell you honestly if we can help you or if another solution may be better for you.