When it comes to selling your home to a We Buy Houses company, there are several pros and cons you’ll want to be aware of. Today, we’re going to go through pro tip number one to help you make an educated decision when it comes to selling your home. Stay tuned
First up on our list, stop feeding the money pit. When it comes to working with a We Buy Houses or cash buyer, this will stop the bleeding. You don’t have to continue dumping your hard-earned money into that old house. This of course is especially true with older homes. The good news, by selling your house fast for cash, you don’t have to worry about it anymore. In fact, in today’s market, over 80% of homes require some work to be completed to allow them to meet the fair market value that a lender is willing to loan on.
Lenders are no longer willing to take a risk when loaning on a home with roof, electrical, foundation, window, or structural repairs that may be needed. This in turn is preventing home buyers from obtaining the financing and closing on the purchase of your home. In pro tip number one, you no longer invest in repairs in your home and you avoid a buyer that is unable to obtain financing to close. We’ll see you on the next one.
In this series, we will be talking about the pros and cons of selling your home to a we buy houses company. The first pro is that a homeowner can “Stop feeding the money pit.”
You do not have to continue dumping cash into that old house that is causing you headaches. Many homeowners have this issue with older houses.
The good news is, by selling your house fast for cash, you won’t have to worry about it anymore. This is especially true for homeowners with a second home that isn’t occupied. You won’t have to stress about paying a second mortgage, utilities, taxes, and other expenses that are burning through your money.
If your looking to stop the bleeding, give Vivid Properties a call at (262) 624-0200 or fill out the form below. Duane will talk to you about your property and will give you an offer within 24 hours of talking.