Many people view fast cash property buyers, such as House Buyer Bureau, with suspicion. They believe that they’re too good to be true – a solution to their problems where none seem possible.
And yet, before you discount them and start looking for their disadvantages too, it’s worth considering these services in light of your predicament. If you need to sell your home quickly, whether because of bankruptcy, financial difficulties or an impending emigration, they could offer you exactly what you need: an immediate lump sum of money.
Here are a few things to consider…
It Will Speed Up Your Sale
A cash sale is much quicker than it’s traditional alternative, and therein lays its main benefit. If you need money soon, these services do away with the time you would normally spend advertising your home, waiting for a buyer to enquire, conducting viewings, accepting offers and exchanging contracts. On average, this process takes 65 days – too long for those in need of cash immediately. Professional services, on the other hand, can complete a sale in days, providing you with funds when you need them most. This difference in timescales can be the difference between being repossessed and losing all of the money invested in your home, defaulting on debts and missing out on the opportunity to move elsewhere.
When you’re looking for a buyer, it’s often necessary to spend time and money improving your home in order to increase the chances that someone will want it. Cash buyers don’t require any such efforts on your part; they’ll take the property exactly as it is. This means that if your funds are already overstretched, you don’t need to dip into them even further by paying for repairs, new carpets or paint. In addition, you don’t need to spend any time sprucing things up and having a spring clean for somebody else’s benefit. Yes, you’ll be receiving a little below market value, but you’ll be saving money in other areas, meaning that your profit margin will be harmed a lot less than you might think.
It Avoids Complications
Normal sales always run the risk of falling through or running into other complications, from your buyer being unable to secure funds to backtracking, haggling on price and the goalposts being moved due to the results of any surveys that are carried out. Should the worst happen, and your sale fall through, you have to go through the whole arduous process all over again. When you sell your house to a fast cash service, you don’t have any of this to worry about. Once an agreement has been reached, the money will change hands instantly and you can rest assured that your sale has gone through.
In light of these points, could such services perhaps be of benefit to you?