n the real estate world, a cash buyer is used to denote a person that makes an outright purchase of a property without financing. These cash buyers could be individuals or companies — it doesn’t matter. More and more, homeowners in Federal Way are turning to cash buyers because they are relocating for work and have to move… quickly!
Understanding Cash Buyers
When you think of cash buyers, many of whom are looking to buy properties for cash, they are simply people or entities (individuals, corporations, partnerships) that have the means to buy a real estate property outright, without having to go through the financing pavilion of the real estate bazaar or mortgage market.
Anyone who deploys the cash buyer strategy knows that anyone who is in a position—a financially comfortable one, at that—to sell their home for cash is going to be looking to wrap that sale up instantly, if at all possible. Everyone’s story is unique, but in many cases, individuals seeking a fresh start are trying to sell their house immediately to pay on some other pending debt or associated lien. Selling your house for cash may just be the best way to get out of your situation!
Often, cash buyers:
- Already have a place to live, so they are not in search of a primetime flat, or even a place for Mom (to borrow a catchy commercial jingle that’s stuck in many of our heads).
- Have the acquisition cash in hand to be able to not only offer, say, $150k asking price for a home worth (if renovated completely to “new” status) $350k, but also pay (with said in-hand cash) enough for the seller to secure their remaining 3 payments, some $10-20k, and walk away with 100% of $90k thereafter (195k of 200k or so paid in hand in all, less cost to seller).
- Expect to “flip” the home, renovating it to “primetime” (move-in) condition for a potential buy-and-hold buyer to then “own” or lease (rent, really) to “own”.
- Possess the potential to be “partnered” with the seller in future transactions, with the goal being full payment of the seller’s payment balance sooner than later, assuming the successful completion of a risky turning project (typically completed in 3-6 months, contingent on project specifications and a healthy budget, progress, completion timeline under the scenario that plays out).
The Job Relocation Challenge
Homeowners who are faced with a job relocation might be doing so under time constraints. If you got a new job and you have to start in 30 days or otherwise some relatively short period of time, you might not be well-positioned to secure the best price (economically speaking) for your Federal Way house. And the fact that this type of extremely competitive real estate market would be something you can simply afford to do—the way prices are listed won’t be a factor: timing will be. It wouldn’t matter if you could act fast or otherwise outbid another potential buyer.
Homeowners that have considered the recent comp (or perhaps “comparable sale” ) data with respect to their neighborhood and surrounding ones (usually within a 1⁄2 mile) aren’t going to be able to control the market aspect if they are in a potentially predictably bouillabaisse of a downward pressure falling mosaic of the BIG-D (i.e., Depression with a capital-D) maktuistos. The memory? You might not have considered “the memory” as a factor. If you have a present mortgage you haven’t paid in full and you plan on using the funds to pay it off, forget about it. If you absolutely have to move because of something like a—”career extenuating change!”—you are going to be faced with the possible scenario so unjust that it should be considered a “strictly-statutes” violation. New homebuyers pulling up a new Netflix movie (or season of “Selling Sunset”) and cue-cue-ing “Turning Red” AND the new season of Martha-Bakes!
Even though you might have only 30 days to sell, sell to a cash home buyer using a “comparable sale”, i.e., or other big word. I know you are probably dealing with an otherwise bread and butter transaction (the Patriot way: New York Yankees, Golden State Warriors ’77 Green Bay AND ’73 Miami Dolphins, MU, Duke, Sub Bloom, Michigan Hockey or college kabaddi). Find a couple of houses that have already sold, figure out what a fair price and just take it. It isn’t as if you have a lot of leeway like the past example where you have the luxury of planning out the entire move and waiting for just the right price. I know this next point will be the subject of great commentary, waste an entire afternoon watching “Riding the Midnight Whistle then Expatriating to some Anomalistic Non-Contiguous Whistle-stop Northwest YA Novel”…even hiring a mover.
Benefits of Selling Your House As Is
“As is” home sales are a growing segment of the market—and for many good reasons. Found in the “For Sale” section of the classified, many of these are relocation “victims” who do not have the time, resources, or inclination to devote to fixing whatever may be wrong with the house they live in.
Yes, an “as is” sale simplifies a lot of things. No repairs. No “pre” stage to deal with. You can also sidestep or severely limit any inspection issues. The house that you describe is how it will be sold. None of the preceding haggling that has become the “fine art” of home selling. Plus, for anyone on the “fast track” of relocation, we certainly see where you might be going with this. You might find that to be a beautiful thing.
Cash buyers—those capable of taking your home, in just about any condition—can typically be added to the market when an “as is” strategy is in place. As typically, these are investors looking to fix up what’s needed, or potential homeowners who are sick of “mister general contractor” failing to locate their next house. Both scenarios increase your chances of selling, noticeably, to a relatively “fast” market—one looking to, again, “get on with it”.
Why Federal Way Homeowners Prefer We Buy Houses As Is
We Buy Houses As Is and our belief is that selling your property in Federal Way should be straightforward and efficient. We don’t buy into the stressful, stretched-out process that so many homeowners have to deal with – we focus solely on providing a hassle-free transition from your current house to your next one.
Here’s why we think we offer a great solution for those looking to sell their house in Federal Way:
Fast Cash Offers – The difficulty facing homeowners in today’s market is that many need to sell a house fast. Perhaps times are tough, financially, or a new job forces you to relocate quickly. In these scenarios, waiting around for weeks for an offer on your house is just not possible. That’s why we can make you a competitive cash offer within days of your request.
Hassle-Free Process – When owning a house starts to feel less like an investment and more like a burden, it can feel like you’re drowning in housing papers, documents, amendments, and repairs. Add on the task of having to arrange multiple meetings for house showings and the sale of your home can quickly become more complicated than you once thought. Let us handle the logistics for you, as we buy houses for cash on your terms; we’ve seen it all in terms of housing disasters, so you don’t have to worry about a thing.
Local Expertise – We know the Federal Way real estate market more than most. We actively work in the area and keep an eye on local trends and housing data, allowing us to keep as informed as possible. This puts us in a great position to offer you a fair price based on the local housing scene and the condition/age of your residence.
How to Get Started with Cash Buyers
Assess Your Situation. If you are a homeowner considering selling my house for cash to a professional home-buying company, this will be your first step. Take an honest look at your financial situation, the condition of your home, and what your timeline is for selling your home. With this information, you’ll be able to make some of the following decisions with a little more ease. You can determine whether you’re in a dire enough situation where you might need to sell my house for cash or do you have a little leeway to list traditionally? Are you in a position where you are on a time-sensitive schedule? There will always be a high-priority factor that homeowners are facing that compels them to want to sell my house for cash, you just have to figure out what it is and what your next steps will be towards trying to prioritize that certain something.
Contact a Reputable Cash Buyer. Our service is a great place to start. We are a reputable home-buying service that offers straightforward and honest service to our customers. We make selling my house the easiest transition you’ll make. We can troubleshoot your worries, walk you through some potential things happening with your property, and let you know how services can potentially benefit you. You’ll know whether services are worth hearing out
Hear Out Some of the Offers You’ll get. Even if you’re not immediately interested in selling my house for a cash offer, hear out the offers you’ll get. Cash buyers base their offers on the fair market value of your home, as well as the condition that it is in. If you’re having trouble figuring out what the market value price for your place is, you can get a general idea by hearing an offer.
Conclusion
Schedule a Consultation With Our Team to Hear out Your Options. Are you open to talking about it? Let our team know and schedule some time to talk about your other options. We’ll give you the rundown on what we’re seeing throughout the market currently and we’ll help you to the best of our abilities to figure out how you can try and get ahead of it.
For those of you who may be thinking of moving due to job relocation in Federal Way, the idea of this article is to show you the benefits of selling your house for cash – fast.
A home is supposed to be a place of peace, a sanctuary. When you’re buried in a sea of avoidable distractions, getting on with your life can seem like a tough ask. Rather than wasting countless hours engaged in long and drawn-out negotiations with will buyers and financing contingencies, most people just want it all to be over. If you are under a time-crunch due to a job relocation, cash buyers offer more deals and can help you get deals done in a more timely fashion.
On the player side, the obvious disadvantage of being shot is that it hurts and you now have to sport a painful welt (after healing). Better this than an actual bullet, by the way. On the team side, the whole team can incur a penalty (such as having to leave the playing field to allow the shot player to respawn) and their long-term plans may be blown. That’s why it hurts to be shot from both an individual and team point of view.