If you're in dire need of money or just want to quickly sell your house fast, the offers they often have been very tempting. Who wouldn't want such a no obligation, no staging, NO fees, no risk cash offer?
However, before you take that plunge, let's discuss the obvious pro and con of selling your house to cash for houses company buyer. The obvious pro is that they are just out there looking to take your money and leave you with no real value for it. A quick cash seller can take up to half your home off the market, all you've done is make an offer, and you've lost your house.
The obvious con is that a quick cash sale does not protect you from foreclosure, as any home is vulnerable to being foreclosed on at some point. In fact, if you take advantage of this option, you could end up worse off than when you started. The value of your home drops considerably because you don't have the money to make the repairs needed, you have no way to secure a loan to refinance your mortgage or re-financing your equity loan, and you have to pay the closing costs of the deal.
In addition, if you decide to purchase a home with a quick cash buyer, they have the potential to foreclose on your home before the closing date on your loan. That means you'll have to pay additional fees or finance charges to get your loan refiled and closed. These additional fees and/or charges will probably be higher than if you had taken out a traditional loan for the same property. Check out this website at http://www.huffingtonpost.com/news/real-estate/ for more info about real estate.
Of course, there are ways you can protect yourself and your home from losing everything you've worked hard for. If you've been diligent in making your payments on time and maintaining a clean title, you may be able to keep your home while allowing your bank to recoup its losses through the sale of your house.
Before you sell your home fast, though, take some time to weigh the pros and cons and make an informed decision. Do your research and think long and hard about what the deal will mean to you. You may find that in the long run, selling your home is not a good option.
If you have been diligent in your payments and have maintained a clean title, there is a good chance you can keep your home even if you decide to purchase a home with we buy homes any condition buyer. However, this option does come with a small price.
Before you sell your house fast, you may want to reconsider. While the short-term costs and benefits may be attractive, taking the long view is likely to help you avoid regrets down the road. By taking your time, researching the options, and considering all your options, you will have an opportunity to make a good decision that will help you enjoy the benefits and minimize the negative effects of your move.