If you have a negative experience with a real estate agent you may be tempted to take a cash offer on your home. Is this worth it? In the following article we will look at the advantages of cash offers. Have you noticed a sign that states that you can sell your home quickly or get cash for your home? These are signs for companies that purchase houses and are willing to pay cash for your them.
These companies are known as EP or Equity Purchase firms. The companies will offer to buy your home at a low price. You will not have to make any repairs but you are more than likely going to get less money than if you sold your home the traditional way. To help simplify this idea. Imagine you want to trade in your old car and purchase a new car.
You may go to the dealership to trade it in. You often get a low price for your old car but you do not have to make any repairs. They will make money by selling you a new car and more money by selling your old car.
That is what these companies will do with your home.
What does an EP company offer you? They can give you up to 80 percent of the value of your home. Some companies will offer 50 percent or less of the value of your equity. It can be easier than a traditional sale. It is a fast way to get cash and sell your home. The only down side is that you will be seeing a lot less money for your home than by selling it traditionally.
Us here at Carolina Buyer are cash home buyers. We’re full service real estate consultants who will help you sell your house fast and for cash. Give us a call today and let’s chat about your situation.