The housing scene in Kent is changing due to a few good trends that have occurred in recent times. You might notice that there are a growing number of “cash buyers” out there. A cash buyer is a person who purchases a house with cash rather than getting a mortgage. The reasons for this are many—interest rates are up, and in a lot of markets, cash simply makes a purchase easier. A house buyer with cash can close a deal very quickly because they don’t need to go through the mortgage process. This is important because in some areas, a single house might get several offers! The idea is, if you can buy now with no risk (because you never know if the other buyer has decent credit or not), then why not, right? Well, anyway, this stuff is happening all throughout Kent, and if you’re a hopeful seller, you should pay attention to the pros of becoming a cash seller.
I think there are quite a few companies out there that do this kind of job, but ‘We Buy Houses As Is’ has probably one of the most interesting propositions. They’ll sell you a house in its current condition (they call it “ugly” for some reason on their – I don’t know why – guess it’s one of those things that will make it get stuck in your head better). This is probably good news for both prospective sellers who want to get rid of their houses quick and aspiring homeowners who just want a no-strings-attached, straightforward service.
Understanding Cash Buyers
Cash buyers are people or companies that buy houses outright — they don’t need a loan or mortgage because they already have the money sitting in the bank. That puts them in a great position to swoop in and make an immediate offer on your home. In Kent, cash buyers can be investors, property development companies, or simply Mr. and Mrs. Jones who are looking to downsize quickly and don’t want to wait to sell their old home first. The fact they don’t have to go through the typical process of applying for a mortgage is music to the ears if you’re a seller.
Cash buyers can also act quickly because they know how those “We Buy Houses in Kent” companies work. And they’re used to buying properties. They know the market in Kent, Britain’s “plate-glass” city, and they’re ready to make an offer on your house. Speed isn’t the only advantage of selling a house in Kent to a cash buyer. By doing so, you can completely eliminate any need to “get the house ready for sale.” That means you can bypass the “For Sale” sign, advertising on Zillow, or preparing your home for the inspection (the “White Glove” test).
The Growing Demand for Cash Buyers in Kent
The plea for cash is also about the economy, increased interest from certain types of buyers, and quick sales on the part of homeowners. In any economy, but especially one that may be cooling, cash is king, and in real estate, buyers are seeking deals that don’t involve many if the problems of financing a mortgage; this trend may be especially true for buyers in the southern UK counties close to Surrey, and Kent (remember: keep an eye on cash sales in these areas).
Of course, many types of investors also are buying properties (either to rent or to “flip” upon renovation) with cash at a time when both interest rates are low, and housing prices are surging. You can say good-bye to the landscape of buyers meeting government-owned banking standards and hello to the concept of “property as currency” (a type of investing in the BRI, /one belt, one road business model). Latest data for Kent showed that 30 percent of all transactions missed UK banking records for the use of a mortgage.
Homeowners are putting a property on the market, and “new-time flippers” are buying from among real estate sales agents’ bargains, meaning that there are rising numbers of cash deals in the housing market. This is a “future trend,” but it has more to do with the rippling effect of the very modern scene of millennials (often looking, but not purchasing) a “hotel world” built for the rising numbers of single individuals who battle in a search for a new lifestyle (and independence). Bitcoin prices are high and growing higher, but don’t rule out “hard currency” as an alternative form of investment. The world is caught up in hot wars, as well as currency-economics, as being the latest “cold war.”
Advantages of Selling Your Home As Is
“As is” selling means that you list your home exactly the way it is, with no obligation to repair or renovate anything; as the name implies, it is as it is. Many cash buyers want this type of sale because the process is supposed to be quick and “easy”—as in, they are the only ones who have to deal with home repairs. This clause is especially great for those scary to-do lists. Here’s why:
- Less stress: An “as is” sale means that you have home repairs, but you aren’t going to fix them. Usually, a traditional home sale includes negotiations, inspections to figure out what’s wrong, and the potential for buyers to argue that you should repair those things before selling. Cutting out all of that back-and-forth naturally means…
- Faster home sales and selling to a top-notch, pre-vetted buyer: A company called “We Buy Homes As Is” wants to save you time and stress. If you have home repairs, their crew is waiting to make them after they buy your house. The closing process will need LESS paperwork (always use a trusted agent to properly review contracts) and you’ll be able to…
How to Identify Reliable Cash Buyers
Some homeowners may want to sell their house fast for cash, but finding suitable and reliable cash buyers in Kent might not be so clear-cut.
If you’re struggling to find someone who purchases residential properties for cash, just do a little research. Run a search online for local companies that buy houses. Simply asking on a community board somewhere might get you a good response. Regardless, you should try to start looking for a company that is located and operates in Kent first.
Always look for reviews and see what people are saying about the company’s house buying process—or the process of buying any home (not just a house). Don’t stop collecting information and learning about any given company because you read a bad review, but just a simple Google search should show you what people are saying about the company, its starting cash offer, closing dates, and other relevant information.
We Buy House As Is (my stated successor) is a “we buy houses” house flipping operation with a fairly high cash offer (for quick home sales). You should consider all of your options and pick the one in which investors think your real estate has the highest estimated market value.
The Process of Selling to Cash Buyers
Giving a cash sale home to a buyer may be a seamless process.
- Reach out to cash buyers — These could be real estate investors or companies that want to buy your home as-is and very quickly. Most of these guys operate online, so you should reach them via that platform. They evaluate the size, location, and condition of your home to get a sense of whether they want to buy it.
- You are then going to evaluate your home and give you an offer for what they might be willing to pay for your house — If you find the offer favorable, you’re going to execute the transfer, often in as quickly as a week.
If the idea of selling a home overwhelms you, think about going with a cash buyer option to simplify the process. Cash buyers, like investors or companies that can buy the house outright, mean there is unlikely to be a lot of haggling and the deal won’t fall through because of financing issues.
Since they aren’t interested in the perfect layout for their family, the sale will occur quickly. Buyers of this nature typically will turn around a purchase in a few days, so if you’re interested in just moving on, why not? The process can be started on a site or a call after signing some documents.
Given how these sales generally work, the home will be bought as is. The person who can write a check for a house probably will not be interested in paying the best that the market has to offer, preying on the seller’s desire to move on as soon as possible. Some homeowners may feel as though with some more work, an area can be cleaned up, but companies like this offer a get-out clause if the whole real estate song and dance just isn’t for them.
If you’re interested, give ‘We Buy House As Is.’ a call. In a similar vein to the previous entries I’ve shared, they offer no, no-obligation cash price for the home that they come to have a look at. It doesn’t matter how well the inspections go, just that they happened and an offer is put on the table; the cost of the property needn’t be the motivator for the sale.
If you’re ready to let go and move on, why not give them a call? Their number is +1 206-291-6117