We buy any home
Dealing with “we buy any home” companies. As a homeowner, you must have felt heartened by the ads of the “we buy any home” companies which offer to buy your home at a fair price with immediate cash.
This may sound like the best deal if you need immediate cash, but then one should always be vigilant if something seems too good to be true. Always scratch the surface to check the reality. You might lose out on thousands of dollars going ahead with a shady “we buy any home” company. You don’t wish to lose your house for the fraction of its real value.
Some of the “we buy any home” websites state that there would be a deduction of only ten percentage of the market value of the home, but the most important thing is how they access the market value. If they depreciate the market value of your home, then the apparent loss of ten percentage figure will obviously soar higher.
One needs to be careful while dealing with these “we buy any home”. These “we buy any home” companies harp on quick closures and immediate cash. The homeowners should ensure that they do not lose considerable equity while going for the immediate cashout.
Many small “we buy any home” companies are only looking to make quick cash. They took on these distressed properties and pass it to buy-to-let landlords. The landlords due to greed and market fluctuations can go bust. If the landlords get busted then the original homeowners become homeless. Unfortunate as they are, they have already sold their homes at the low ball price offers.
Homeowners should definitely be concerned by the numerous tiny “we buy any homes” companies that pretend to be ‘immediate’ cash buyers, however, it can be very easily proved that they don’t even possess the cash needed for the purchases. Homeowners must investigate and deal with local companies, preferably whose owners they are at least familiar with. Ideally, there should not be any third party investors or banks involved. Also, these acquainted real estate investors should sell these properties directly to the buyers. These properties should never be sold by organizing an auction, neither the original homeowners as sell and rent back options.
Obviously all the “we buy any home” companies are obviously not bad. If we check for the positives then dealing with these “we buy any home” companies have good arguments too. First of all, you nullify the real estate agent fees and other multiple charges like valuation fee etc. “We buy any home” companies might be your last hope if you are staring at a foreclosure. Also, these “we buy any home” companies pay instantly so you might get the entire cash in weeks rather than waiting for months fetching the normal route. Now life is tricky, you never know when you need the immediate cash. For example- The sudden need of cash in case of any medical or legal emergency.
Industry experts believe that if anyone has to deal with “we buy any home” companies then you are better off you going with a local premier real estate solutions company with large nationwide investor base like MPS Home Solutions. Due to their huge investor base, local origin, acquaintance and easy access to the owners they are a far safer bet.