Seller Q&A: 6 Questions About Selling Your House for Cash

Video transcript

How do you calculate your offer? How do we decide what to offer for your house? It comes down to three things. First, recent sales of similar homes nearby, to see what your house could sell for once it's fixed up. Second, the repairs it needs, from the roof to the kitchen. Third, our costs to buy, hold and resell it. We put those numbers in writing and walk you through them, so you can see exactly how we reached the offer. No guesswork, and no pressure to say yes. Do I have to make repairs first? Do you have to fix up or clean out the house before you sell? Not with us. We buy houses as-is. Old roof, outdated kitchen, foundation problems, a house full of belongings. We factor the condition into our offer, so you don't spend a dime on repairs. Take what you want to keep, and leave the rest behind. We'll handle it after closing. Are there fees when I sell for cash? Do you pay any fees when you sell to us? There's no agent commission, and no fee to get an offer. Who pays which closing costs is written into the purchase agreement before you sign, so you know exactly what you'll walk away with. The amount you owe on any mortgage or liens is paid off at closing, and the closing attorney or title company shows it all on your settlement statement. No surprises. Should I take a cash offer or list with an agent? Will a cash offer be lower than listing with an agent? Often, yes, and we'll always tell you that. If your house is in good shape and you can wait, listing can bring a higher price. But listing usually means repairs, cleaning, showings, an agent commission, and waiting on a buyer's loan. A cash sale means no repairs, one walkthrough, no commission, and a closing date you choose. Compare both, then pick what fits you. What if I'm behind on payments? Behind on your mortgage, or facing foreclosure? Call early. The sooner you have options, the more choices you keep. Depending on your timeline and how much you owe, selling may let you pay off the loan before the foreclosure date. But selling isn't always the right answer. Sometimes talking to your lender, or a free HUD-approved housing counselor, fits you better, and we'll tell you if we think so. Who handles the closing? Who handles the closing when you sell to us? An independent closing attorney or title company. They hold the money, prepare the paperwork, and make sure everything is recorded properly. You can look them up before you sign, and you're welcome to have your own attorney review the agreement. Nothing changes hands until the closing agent says it's ready. Questions about closing? Reach us at trigardgroup.com