A cash home buyer is a company that buys houses as-is for cash in Michigan. The buyer may be an individual or a team of investors. Buyers engage in a cash home sale, which is a private transaction between the seller and the buyer. Since the sale is private, both parties agree on the terms and close the home sale. The entire process typically takes one to three weeks, depending on a variety of factors.
When you work with a cash home buyer, you sell your house as-is. You make no repairs or upgrades and do not have to schedule a home inspection. You do have to hire a real estate agent or pay realtor commissions. Plus, the buyer agrees to pay up to 100% of the closing costs. A cash home sale is the fastest and simplest way to sell your house as-is for cash in Detroit, Michigan.
How Is a Cash Home Buyer Different from Other Home Buyer?
You may get several offers on your house. However, the buyer you work with can make a difference in how quickly and smoothly you sell the house. There are distinct differences between a regular home buyer and a cash home buyer that make a cash buyer a smarter option.
1. The Buyer Is Pre-Qualified
Just because you get an offer on a house does not mean the real estate deal is done. The bank may have denied the buyer’s loan request. The buyer may get cold feet and pull out of the deal at the last minute. You and the buyer may not agree on the terms of the sale. A cash home buyer is already pre-qualified and has the resources to secure the deal. If the buyer makes an offer, you can feel confident that it is guaranteed.
2. A Cash Home Buyers Will Purchase Your House As-Is
Many buyers today prefer a home that is move-in-ready. They do not want to spend more time and money on home improvement projects. As a result, you may have to perform some home repairs or upgrades to make your house more attractive to buyers. A cash home buyer does not require home improvement or repairs. The cash offer is for the house in its current condition with no inspection.
3. A Cash Home Buyer Provides Flexible Options
If you are in a situation such as foreclosure, bankruptcy, probate, or divorce, you may need an alternative to a traditional home sale. A cash home buyer can work with you and give you the flexibility you need to sell your house when you want, how you want. The buyer can help you get out of your mortgage without incurring selling expenses or suffering from penalties or lost credit.
Benefits of Selling Your House to a Cash Home Buyer
There are several advantages to selling your house as-is for cash to a cash home buyer over attempting a traditional home sale.
- Pay zero in home repairs or improvements – sell your house as-is.
- Skip the realtor or broker and sell directly to the buyer – no realtor commissions.
- Work with a single pre qualified home buyer ready to commit.
- Close the home sale in as little as seven to 21 days.
- Sell your house when you want regardless of your reason for selling.
Whether you need to relocate right away or get out of your mortgage due to late payments, a cash home sale offers the perfect opportunity for you to sell your house fast and move on. Best of all there are no strings attached and zero hurdles to jump over to sell your property. A cash home buyer helps you find the simplest way to sell your home to alleviate the situation you are currently in.
Get a Cash Home Offer from M1 Home Buyers
If you need to sell your house fast but can’t find a buyer, we can help. At M1 Home Buyers, we buy houses as-is. Let us assess your property’s market value and make a fair cash offer. Close your house in as little as seven to 21 days with no repairs or closing costs. Call 248-397-5800 to get a fast cash offer on your house.