How much do you know about cash home buying companies? If you’ve ever heard things like how they promise to pay for your house in cash and how fast they’re able to move from the point of initial contact to closing the sale, you may be thinking that it’s all too good to be true. That can cause you to wonder about the legitimacy of cash buying companies.
Real Estate Buying Experts
One of the things that makes cash home buying companies unique is that they tend to have a whole lot more real estate buying experience than your average homebuyer. It is literally their business to know everything there is to know about the homebuying process. That expert knowledge means they know what they’re looking for in a home and how to make the process as quick and painless for homeowners as possible.
Of course, it’s still wise for a homeowner to do their due diligence and research any home buying business before closing a deal on their home. There are bound to be some scammers out there who will take advantage of the unwary. Because of this, checking things like BBB ratings, reviews, and company background is always a good idea.
Putting the Money Where the Mouth Is
If part of what has you wondering about a company’s legitimacy is the ability to buy a house with cash when most buyers need financing, you’re probably not alone. It’s a different concept, after all. Part of the difference is the nature of the buyer: a business vs a private buyer. It’s not unusual for businesses to have more buying power. The business model of a cash home buying company allows them to have enough money already in their accounts that they can pay you with their own funds. When they make you a cash offer, you can feel confident that they have the money to back it up.
While there may be some bad actors out there (all business models and industries have them), the truth is that cash home buying companies like Sierra Housing Solutions are legitimate. There are plenty of differences between selling your house for cash and going the traditional route. The level of expertise the buyer has and where the money they use to pay for your home comes from are just two of the differences that can make it possible for these companies to do things that traditional buyers can’t.
If you really want to see if a company is legitimate, one of the things you should do is read reviews and testimonials. Check out some testimonials from a few of the homeowners we’ve helped here.