Are you looking for Cash Home Buyers in your area? Then check out some important things you should be thinking about when looking for cash home buyers.
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Are you looking for Cash Home Buyers in your area? Hi, my name is Brian and I own a cash home buying company. Are you looking for cash home buyers specifically in San Diego County? Well, I was thinking as I am walking through this house, that I should do little impromptu video because I know the clients that we deal with usually start their selling process by merely looking for home buyers or house buyers. Often in online search results. So I want to talk about some important thoughts while at this home in San Diego, California: Once a property owner starts this process there are some critical things that need to be considered that you should know about.
The most important is probably the fact that who you work with matters. Just with any profession, there are good folks at what they do, and there are bad apples too. Sadly, we get a fair amount of calls and emails coming from folks who have run into one of these bad cash buyers. In these situations, we are happy to talk through their specific situation and see if we can salvage the deal so that the seller still meets their needs. It’s not easy, but we can often get to the finish line, making it easy and by making the homeowners happy at the same time. It’s very important to work with someone who has is local. Ever hear the term, Real Estate is local? Someone in Los Angeles, Orange County, or across the country isn’t someone who is going to understand the nuances of this market, your neighborhood, and may even lack the contacts and resources to deliver on their promises. That should be a quick red flag and is an easy way to eliminate a potential transaction partner. And speaking of misguided promises from buyers, go with someone who you feel that you can trust. You don’t want to be renegotiated or have them disappear toward the end of the escrow. We see all kinds of shifty shenanigans from cash home buyers, so make sure to vet them as best you can. Your about to close, think your getting money in the bank and then you receive some crazy, unforeseen news that either delays or crashes the deal all together. Sometimes, these guys will just get a deal under contract to control it, then see how they can work the system. It’s a terrible way to operate, but to unsuspecting sellers, it’s often too late before the truth comes out.
Have you met them in person? Have they seen the house yet? Ask as many questions to them as you need to understand their process and the next steps. If there isn’t clear paperwork and a neutral, licensed third party handling the transaction, you need to cease the conversation immediately. You don’t want to be scammed. Find out who will be making the final decision. Have you spoken with them yet? Does this need some kind of manager’s approval or someone in a different city? You’d be surprised how many deals fall apart because some office big wig in a big city looks at some paperwork and squashes the deal. The employee or ‘acquisitions’ person is trying to squeeze the deal into this box so they can get paid, when in fact it’s unlikely that it will even materialize. This leaves the seller in even more stress then before and causes unnecessary heartaches! Usually folks looking for home buyers or house buyers are facing some sort of tough situation. We’ve seen foreclosures, debt piling up, divorce, relocation, inherited homes, fixer or ugly homes, you name it. And the common theme among them is that there comes a point when the house becomes a burden, either financially or mentally and emotionally. Or all three, to be honest. In these moments, having someone who will perform as contracted is critical. They should be able to walk through your home briefly and provide a short timeline or one that works with your schedule. And they should be able to give you a definitive offer price, and formal offer for you to consider. Again, make sure there are no misunderstanding and ask as many questions as you can or want. If you aren’t getting straight answers or ones that are satisfactory, reconsider your options. There are many cash home buyers out there and even a few good cash house buyers, specifically located in San Diego. See if they’ve actually even purchased home in the area by looking at their website or asking them directly.
A typical cash home buying process goes like this: Someone should view the property and provide a straight forward, easy to understand offer. If agreed upon, it should be signed by all parties and escrow opened. Escrow will help you through the transaction primarily, but it should be pretty smooth with the buyer depositing funds and you ultimately signing a deed over to the new owners. No monkey business.
Well, that’s all I can think of for now when we have conversations with folks looking for home buyers. If you have any questions about the process, or want to explore you options, feel free to contact us. We’d be happy to speak with you and see if we can be of assistance. If we can’t, we’ll do our best to point you in the right direction. Thanks for watching and have a great rest of your day!