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How Local Home Buyers Pay Cash for Homes

Chances are, you’ve seen signs in Wichita, Kansas that display “Sell Your House Fast” or “We Pay Cash for Homes”. What do these signs mean, and who are the buyers? Are they investors, banks, or real estate agents? Knowing what (or who) is behind these signs and what a cash sale is may make you rethink how you sell your property. 

Working with a local home buyer in Wichita may be something that you’ve never thought about or even heard of. If you are like most homeowners, you are likely to sell your house the traditional; meaning, you hire a realtor and list your house on the market. However, there are advantages to selling your house fast as-is for cash. Let’s take a look at how local home buyers pay cash for homes

What is a Local Home Buyer?

Before we tell you what a local home buyer is, it may be helpful to tell you what they are not. Most home buyers are not real estate agents, major real estate investors, or your average home buyer looking for a new place to live. Several things distinguish home buyers from other interested parties in the real estate market. 

They Pay Cash

In a traditional sale, the buyer typically takes out a loan to finance the purchase of the house. The buyer’s lender pays you directly or assumes the loan from your soon-to-be ex-lender. Regardless of you get paid, there is usually a middle party involved. By contrast, a local home buyer pays cash for your house and sends the money directly. 

They Close the Sale Quickly

On average, it can take 60 to 90 days to find a buyer in a traditional sale. Closing can take an additional 45 days. Add to that repairs, listing, and showing your house, and it can take up to 12 months to finally sell your house. Do you have that kind of time? A local home buyer can look at your property, make a fast cash offer within 24 to 48 hours, and close the sale in as little a seven days. Most transactions are completed between seven and 21 days. 

Local Buyers Simplify the Selling Process

Selling a house today is costly and time-consuming. The process includes finding a realtor, listing the house, making repairs, negotiating with multiple buyers, and a lengthy closing. When you sell your house for cash to a local buyer, you eliminate all of these steps and the associated costs. This can be convenient if you need to sell your house fast. 

Sell Your House for Any Reason

You may believe that your current circumstances prevent you from selling your house. It may be the case in a traditional sale. However, a local buyer can pay cash for your house regardless of your situation. They work with homeowners going through a new job, relocation, divorce, forbearance, foreclosure, bankruptcy, probate, rental property, or downsizing. 

Local Home Buyers vs. Real Estate Agent

How is a local home buyer different from a realtor? Which one is best for your situation. 

 

Realtor

Local Home Buyer

Commissions

5 to 6 percent

Zero

Average Time to Sell

60 to 90 days

7 to 21 days

Closing Costs

You Pay

Buyer Pays

Repairs/Renovations Necessary

Likely

No

Potential Buyers

Multiple

Just one

House Showings

Multiple

Just one

Conditions

Only if the house is sellable

Sell for any reason

A realtor is there to represent you or the buyer in a real estate transaction. If the realtor mediates between both parties, you can never be sure that they are acting on behalf of your best interests. Furthermore, realtors are often motivated by higher commissions and getting the sale.

To be fair, a buyer is also interested in making a profit when they flip or rent your house. However, the difference is that you bypass all the hassles of selling your house the traditional way. When you work with a realtor, you still have to spend money on marketing, repairs, closing costs, and commission - plus, the time you have to spend getting your house ready to sell. You don’t have to worry about any of that when you sell your house as-is for cash to a local buyer.

How Does Selling Your House to a Local Buyer Work?

The process of selling your house to a local buyer is simple. Most buyers pay cash for homes using these three steps:

Step 1: Contact the Buyer

The first step in selling your house for cash is to contact the local buyer. Simply pick up the phone, call the buyer and schedule a quick walkthrough. You do not have to make any repairs or renovations. A local buyer will pay cash for your house as-is.

Step 2: Get a Fast Cash Offer

If the buyer is interested in buying your house, they will make a fair cash offer. In most cases, the buyer will make an offer on the property within 24 to 48 hours of looking at the house. Offers will typically come in at just under the current market value of your house.

Step 3: Get Paid Cash for Your House

If you accept the offer, you and the buyer schedule a convenient closing date. Most buyers can close between seven and 21 days. You show up to closing, sign the papers, and walk away with no strings attached. The buyer pays all closing costs. It’s that easy!

Blue Sky Properties Pays Cash for Homes

If you need to sell your house fast in Wichita, Kansas, contact Blue Sky Properties. We are local home buyers and can buy your house as-is. You pay no closing costs, no commissions, and no repairs. To get started, call Blue Sky Properties at 316-202-4249 and get a fast cash offer.

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