7 Things to Know When Selling Your House for Cash

Whether you’re looking to upgrade your home, move to another place, or just are ready for a change, there comes a time in all of our lives’ where we must sell our home. However, when this time comes it can feel like a maze of confusion. Here are 7 tips to keep in mind when selling your house. 

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7 Things to Know When Selling Your House for Cash

Whether you’re looking to upgrade your home, move to another place, or just are ready for a change, there comes a time in all of our lives’ where we must sell our home. However, when this time comes it can feel like a maze of confusion. Here are 7 tips to keep in mind when selling your house. 
Selling Your House on Your Own vs. With an Agent
There are pros and cons to selling your home with or without a real estate agent. The main benefits that come with a real estate agent is negotiation power. Your real estate agent will know how to get you the most bang for your buck. They also know how to bring in the right clients to see the house. However, they require an additional cost that lowers the over all amount you gain when selling, not to mention you'll have to make any repairs and upgrades necessary to command that top price.

Selling your home for cash on your own can be profitable and EASY. This can especially be profitable when selling your house to a cash buyer. Cash buyers are typically investors that will take the house off your hands with an all-cash payment. It’s like selling your car at the dealership, it takes the work out of it for you.

Not only will you eliminate the headache of making repairs, but you'll avoid realtor commissions, hidden fees, closing costs, showings, as well as the overall uncertainty of whether the buyer will perform and actually close on the house.

It’s up to you which option you choose, but here’s what you should consider in the process of selling your house for cash. 
1. Don’t Worry About Renovations
Many investors that are looking to flip properties will buy your house as-is. This could save you money on renovations if you have a lived-in house. The investors will often come to your house, check out what needs to be repaired, and deduct it from your total. This can save you the hassle of fixing all of the repairs and possibly save you money if you make sure you get a good deal.
2. Protect Your Risk
Don’t blindly trust an investor. Look at their portfolio and see how much the down-payment of cash was and how quickly they paid it off. Were their past clients happy and treated fairly? Review all of this before you give their offer the thumbs up. Do they put skin in the game in the form of due diligence fees and earnest money deposits? Many "fly by night" investment companies do not show in good faith they are serious about closing with cash, and it's in your best interest to avoid companies like this.  The last thing you want to do is not have protection against the risk of the investor canceling the contract due to unexpected repair costs, but with a deposit you can justify this lost time. You can then request proof of funds from the buyer by asking for a bank statement. Also, have an attorney review the contract they give you. Make sure all of your bases are covered. 
3. Avoid Contingency Clauses
Contingency clauses are clauses that allow the buyer to back out of the contract and protect their assets. However, they are often aimed against the best interest of the seller. Avoid these clauses and come up with a contract that you can both mutually agree on and move forward with as is. 
4. Watch Out for Sketchy Cash Buyers
Unfortunately, the cash for house business comes with a lot of fraudulent activity from scammers. This isn’t always the case, but can happen, so know what to look for. Keep a close eye on your credit history and make sure that a second mortgage hasn’t been taken out. Also, if the investors ask you for an application fee upfront, they are typically a scam, so be wary. 
5. Know the Value of Your Home
Have your house appraised by an outside source other than the buyer himself. You want to have a good idea of what the house is worth so that you can make sure the amount they offer will match your desired amount. The buyer can easily low-ball you if you don’t know exactly what your house is worth. Don’t get lost in the cash offer and accept a low-bid. 
6. You Can Use a Real Estate Agent
You don’t have to go into this process on your own. Using a real estate agent can help you have another eye that knows how much your house should be worth in the current market and how to negotiate for that price.  Having an agent doesn't preclude you from working with a cash home buyer. Just keep in mind that by having an agent you'll inevitbly walk away with less cash in your pocket since you'll be responsible for covering their fees with your equity.  

At QC Home Buyers we recommend not using an agent since you can walk away with more money and we help you through the complex process of paperwork, negotiations, and title attorneys. Some investors might take advantage of your "vunerability" by not having an agent, but any good home buying company that operates with integrity will ensure you come out ahead. Afterall, we know you are our customer at the end of the day, and you are trading some of your equity in exchange for an easy solution to sell your house, and so it's paramount that you are happy at the end of the transaction. 
7. Think About Hiring a Real Estate Attorney
If you want to do the process primarily on your own without an agent, you can. However, having an attorney can help you sort out the details of the contract, help you know if you’re getting a good deal, and see any holes in the process that you may miss. 

This is not necessary if you work with QC Home Buyers, as we use the most trusted attorneys in town that operate with fairness and unbias.  As the buyer in the transaction, we use our own attorney that can work for both the seller and the buyer, but the seller always has the opportunity to hire an attorney as well if they want that extra layer of security.
Look into All Options
Weigh the options of renting out your house, selling alongside an agent, and selling to a cash investor. Each option has its own unique set of pros and cons. For selling your house to a cash investor, you can gain many great benefits if you follow these tips and stay diligent in your search for the right buyer. 

Are you thinking of selling your house in Charlotte?  Now is a great time to get your free, no-obligation cash offer from QC Home Buyers and take advantage of our $1,000 Highest Offer Guarantee!

Discover the Easiest Way to Sell Your Home!

WE PROVIDE A VARIETY OF OPTIONS TO 
SELL YOUR HOME:
  • All-cash, guaranteed offers that provide ultimate control in the sale and transition to your new residence
  • Lease-option and owner financing solutions that often put more money in your pocket over a period of time
  • ​Listing and brokerage services
Fill Out The Quick Form Below to Secure Your FREE, No-Obligation Cash Offer.
  • Your information is 100% secure and will never be shared.
Selling Your House on Your Own vs. With an Agent
There are pros and cons to selling your home with or without a real estate agent. The main benefits that come with a real estate agent is negotiation power. Your real estate agent will know how to get you the most bang for your buck. They also know how to bring in the right clients to see the house. However, they require an additional cost that lowers the over all amount you gain when selling, not to mention you'll have to make any repairs and upgrades necessary to command that top price. 

Selling your home for cash on your own can be profitable and EASY. This can especially be profitable when selling your house to a cash buyer. Cash buyers are typically investors that will take the house off your hands with an all-cash payment. It’s like selling your car at the dealership, it takes the work out of it for you. 

Not only will you eliminate the headache of making repairs, but you'll avoid realtor commissions, hidden fees, closing costs, showings, as well as the overall uncertainty of whether the buyer will perform and actually close on the house.

It’s up to you which option you choose, but here’s what you should consider in the process of selling your house for cash. 
1. Don’t Worry About Renovations
Many investors that are looking to flip properties will buy your house as-is. This could save you money on renovations if you have a lived-in house. The investors will often come to your house, check out what needs to be repaired, and deduct it from your total. This can save you the hassle of fixing all of the repairs and possibly save you money if you make sure you get a good deal.
2. Protect Your Risk
Don’t blindly trust an investor. Look at their portfolio and see how much the down-payment of cash was and how quickly they paid it off. Were their past clients happy and treated fairly? Review all of this before you give their offer the thumbs up. Do they put skin in the game in the form of due diligence fees and earnest money deposits? Many "fly by night" investment companies do not show in good faith they are serious about closing with cash, and it's in your best interest to avoid companies like this.  The last thing you want to do is not have protection against the risk of the investor canceling the contract due to unexpected repair costs, but with a deposit you can justify this lost time. You can then request proof of funds from the buyer by asking for a bank statement. Also, have an attorney review the contract they give you. Make sure all of your bases are covered. 
3. Avoid Contingency Clauses
Contingency clauses are clauses that allow the buyer to back out of the contract and protect their assets. However, they are often aimed against the best interest of the seller. Avoid these clauses and come up with a contract that you can both mutually agree on and move forward with as is. 
4. Watch Out for Sketchy Cash Buyers
Unfortunately, the cash for house business comes with a lot of fraudulent activity from scammers. This isn’t always the case, but can happen, so know what to look for. Keep a close eye on your credit history and make sure that a second mortgage hasn’t been taken out. Also, if the investors ask you for an application fee upfront, they are typically a scam, so be wary. 
5. Know the Value of Your Home
Have your house appraised by an outside source other than the buyer himself. You want to have a good idea of what the house is worth so that you can make sure the amount they offer will match your desired amount. The buyer can easily low-ball you if you don’t know exactly what your house is worth. Don’t get lost in the cash offer and accept a low-bid. 
6. You Can Use a Real Estate Agent
You don’t have to go into this process on your own. Using a real estate agent can help you have another eye that knows how much your house should be worth in the current market and how to negotiate for that price.  Having an agent doesn't preclude you from working with a cash home buyer. Just keep in mind that by having an agent you'll inevitbly walk away with less cash in your pocket since you'll be responsible for covering their fees with your equity.  

At QC Home Buyers we recommend not using an agent since you can walk away with more money and we help you through the complex process of paperwork, negotiations, and title attorneys. Some investors might take advantage of your "vunerability" by not having an agent, but any good home buying company that operates with integrity will ensure you come out ahead. Afterall, we know you are our customer at the end of the day, and you are trading some of your equity in exchange for an easy solution to sell your house, and so it's paramount that you are happy at the end of the transaction. 
7. Think About Hiring a Real Estate Attorney
If you want to do the process primarily on your own without an agent, you can. However, having an attorney can help you sort out the details of the contract, help you know if you’re getting a good deal, and see any holes in the process that you may miss. 

This is not necessary if you work with QC Home Buyers, as we use the most trusted attorneys in town that operate with fairness and unbias.  As the buyer in the transaction, we use our own attorney that can work for both the seller and the buyer, but the seller always has the opportunity to hire an attorney as well if they want that extra layer of security.
Look into All Options
Weigh the options of renting out your house, selling alongside an agent, and selling to a cash investor. Each option has its own unique set of pros and cons. For selling your house to a cash investor, you can gain many great benefits if you follow these tips and stay diligent in your search for the right buyer. 

Are you thinking of selling your house in Charlotte?  Now is a great time to get your free, no-obligation cash offer from QC Home Buyers and take advantage of our $1,000 Highest Offer Guarantee!

Discover the Easiest Way to Sell Your Home!

WE PROVIDE A VARIETY OF OPTIONS TO SELL YOUR HOME:
  • All-cash, guaranteed offers that provide ultimate control in the sale and transition to your new residence
  • Lease-option and owner financing solutions that often put more money in your pocket over a period of time
  • ​Listing and brokerage services
Fill Out The Quick Form Below to Secure Your FREE, No-Obligation Cash Offer.
  • Your information is 100% secure and will never be shared.
“I recently sold my home using QC Homebuyers. I was originally apprehensive about selling my home without a realtor but I really liked the idea of an all cash offer and having to pay zero fees in the process. The process from start to closing was amazing! The company's Acquisition Manager was wonderful, he was in constant contact with me through the entire process and gave me a more than fair offer for my home. The best part was that I didn’t have to deal with any showings, pay any commissions, or closing cost. I was also able to pick my closing date as this gave my family time to search for another home and get moved stress free! This is by far the best way to sell a home. Thank you QC Homebuyers for an outstanding experience.”
STEPHANIE MCGUIRE (Charlotte, NC)
“I recently sold my home using QC Homebuyers. I was originally apprehensive about selling my home without a realtor but I really liked the idea of an all cash offer and having to pay zero fees in the process. The process from start to closing was amazing! The company's Acquisition Manager was wonderful, he was in constant contact with me through the entire process and gave me a more than fair offer for my home. The best part was that I didn’t have to deal with any showings, pay any commissions, or closing cost. I was also able to pick my closing date as this gave my family time to search for another home and get moved stress free! This is by far the best way to sell a home. Thank you QC Homebuyers for an outstanding experience.”
STEPHANIE MCGUIRE (Charlotte, NC)
© Copyright 2022 QC Home Buyers  - All Rights Reserved
© Copyright 2022 QC Home Buyers  
All Rights Reserved