Traditional home sales might be daunting, but cash home sales can simplify the process, mainly if simplicity and speed are important to you. As the leading cash home buyers in Phoenix, we have prepared a frequently asked questions guide to explain the cash sale procedure thoroughly.
For homeowners hoping to sell their homes fast without the usual headache, this guide answers frequently asked questions and offers insightful advice.
1. What Does As-Is Mean?
When a cash home buyer purchases a home as is, homeowners are not concerned with repairs or showings. They undertake all the essential repairs following the purchase.
2. How Quickly Can I Close?
Once you give reputable cash home buyers, like Diamond Equity, information about the property, they will also make an offer within 24 hours. If you accept the offer, you can close in as few as seven days or whenever you are ready.
3. How Long Will It Take to Close With a Cash Buyer?
When you fill out the property information, they review it and, within 24 hours, give you a no-obligation cash offer. They will arrange to close the sale in as little as seven days or within the timeline you need.
4. How Much Can I Expect for My Phoenix Property?
The cash home buyers tend to use the 70% ARV rule to find an offer. After subtracting repair costs, they pay 70% of the market price. If your house is worth approximately $350,000 after repairs and the cost for its repair estimate is around $30,000, then the cash value would be roughly $224,000.
5. What Are the Main Benefits of Selling for Cash?
Cash sales have several benefits, especially for a quick and easy sale.
- As-Is Sales: You can sell the house as is, meaning there is no prerequisite for repair or preparation of the home.
- No Agents or Showings: You can avoid open houses and buyer tours, controlling who visits your property.
- No Commissions and Fees: Cash sales often eliminate real estate broker commissions and closing costs.
- Fast Disbursement: You will be paid in days instead of months, and the momentum will continue.
6.How Do I Start With Using Cash Buyers?
Begin by investigating reputable cash home buyers in Phoenix and tell them about your property. They will evaluate your home and make a fast, competitive offer. Upon acceptance, they will handle all the paperwork for you and schedule closing, often within a week.
7. What Should I Look for in a Cash Buyer?
A legitimate cash home buyer should offer transparent processes, reasonable offers, and positive reviews. For example, Diamond Equities has built a reputation here in Phoenix, Arizona, for providing fair, no-obligation offers based on the actual market value of homes.
Selling Your House for Cash: The Easy Way Out
Long months with traditional listing platforms involving realtors, repairs, showings, negotiations, and inflated agent fees. We offer an easy three-step process: submit your information, review the offer, and close on your timeline. We buy houses in Phoenix as-is without lengthy commitments or fees to agents, all set up to save you time, money, and stress.
