When I first was introduced to cash home buyers, I imagined a briefcase full of hundred dollar bills.
- The advertisements promised the opportunity to walk away from the property with cash in hand.
When I looked into this alternative to a conventional real estate listing a bit further, I realized that cash home buyers have sufficient funds to purchase the house. They aren’t going to literally count out bills. They have liquid assets that allow them to transfer the funds immediately. This avoids going to a lender and meeting all sorts of strenuous requirements. In order to secure a bank loan, the house needs to pass a home inspection, meet safety codes and qualify for insurance. A home inspection pays close attention to essential systems such as the electrical, plumbing, heating, cooling and roofing. It is not unusual for a home inspection to reveal issues that would have otherwise gone unnoticed for years. The roofing system, air conditioner and water heater might be working perfectly. If they are older, a modern insurance policy will necessitate replacing them. This can lead to considerable stress, disruption, time and expense. I really didn’t want to dip into my bank account to buy a new air conditioner for a complete stranger. I was unwilling to replace a roof that looked and performed perfectly. I also didn’t like the idea of giving a significant percentage of the sale price to a real estate agent. I read reviews and found a reputable Arizon cash home buyer. The company does everything from buying to selling residential and commercial properties. They are more than willing to sit down for a consultation, answer questions and provide a firm and fair offer on a house within twenty-four hours.
