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Showing posts from June, 2023

Benefits of Accepting a Cash Offer on Your House

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  In most real estate transactions, buyers rely on the help of a lender to finance their purchase. They may come to the table pre-approved and ready to make an offer, but their ability to close the deal will ultimately depend on the lender's assessment of their ability to pay back the loan, an appraisal of the home's value, and other factors. An all-cash offer takes the lender out of the picture completely. It means that the buyer has enough liquid assets available to write a check for the full purchase price of the home. If you're a buyer in this situation, you're essentially saying that you can close the deal as quickly as possible. Depending on the temperature of a marketplace, paying cash for a home has benefited from a seller's point of view, strengthening your negotiating position if you can afford to pay with cash. Many homeowners want to sell their homes quickly. They don’t often want to spend time or effort preparing to sell, which includes completing repai...

What is an iBuyer? Advantages of selling to an iBuyer

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  An iBuyer is a company that uses technology to make an offer on your home instantly. iBuyers represent a dramatic shift in the way people are buying and selling homes, offering in many cases, a simpler, more convenient alternative to a traditional home sale. How iBuyers operate varies, but the underlying idea is that a company estimates the value of your home and makes an offer. If you accept, they take on the burden of owning, marketing and reselling the home. Depending on the service you choose, the benefit is the certainty of an all-cash offer and more control over when you move. Simply put, iBuyers are companies that have the financial means to buy homes in cash. To formulate an offer, iBuyers typically rely on similar properties in your local real estate market, or “comps,” much as a real estate agent would in order to formulate a listing price on a home (or an offer). After a home is purchased by an iBuyer, in most cases these companies will do some renovation work to optim...