The Benefits of Selling a Home As Is for Cash
You have probably sold a home in your lifetime and realized that it can be quite a hassle. First, you have to find a real estate agent you trust by interviewing several agents and reviewing their comparable sales estimates of similar homes in your neighborhood. Then you need to prepare your home for sale by making the recommended changes, repairs, and staging efforts. When your home goes live on the market, you have to accommodate different buyers’ schedules to view it, making sure your home is presentable each time. After many days, weeks or months of this, you may finally get an offer, which you review with your real estate agent. At last, you find an acceptable offer and sign a contract.
Just when you think you have a deal the work is not over. The buyer then applies for financing, orders a home inspection and an appraisal, and sends the ratified contract to the title company to do the closing. Many things can happen during these next steps that can easily cause a contract to fall apart. Here are a few examples:
- The house does not appraise for the value of the contract. The buyer can ask then for their deposit back and void the contract, or they can ask you to lower the purchase price, netting you less money in proceeds at closing.
- The home inspector finds pages and pages of repairs that must be met for the lender to make the loan, or for the buyer to be satisfied enough with the condition of the home to go through with the purchase. Usually the buyer will ask for repairs to be made on what is called a repair addendum. If you do not agree, the buyer can void the contract and ask for their deposit back.
- The title company finds a defect in the title such as a tax lien, mechanics lien, etc., which allows the buyer to terminate the contract.
Oftentimes this cycle can repeat itself over and over, taking many months to actually close the sale your house.
There is a solution to this, and it’s Ed Buys Properties, LLC. We buy homes as-is for cash, without asking you to make any repairs. We do not need any contingencies on the sale whatsoever. Once we agree on a sale price and a closing date, we have a deal. You do not need to worry about the repetitive cycle of broken contracts or pages of repair requests. All of our contracts are done electronically, and an initial inspection is made at your convenience. For closing, you can pick a time and place convenient to you to sign with our mobile notary services from our title company. We buy homes with you in mind. For more information, simply call Ed Kowalski at 443-619-2238, email ed@edbuysproperties.com, or fill out the form on our website at www.edbuysproperties.com.
