5 Key Questions to Ask a Cash Buyer Before Selling Your Home
If you own a home, at some point you’ve probably received calls, texts, postcards, seen ads on social media, or seen signs driving around town saying, “we’ll buy your house CASH” or “receive a CASH offer today!” In most cases, these are wholesalers. It is important to understand that wholesalers are marketers—not cash buyers or investors. They aim to get your property under contract for a set price and then assign that contract to an end buyer or investor. They are the middleman.
“Cash is King”, but the Rook, Bishop, and Knight Protect the King
So, you are a property owner, and you want to sell. Whether you have one rental or a portfolio of 100 doors, it’s important to craft a purchase plan that addresses your specific concerns. Investors like us can and often make purchases with cash. However, the more sophisticated well-funded firms can craft solutions to meet the sellers' needs beyond simply cash. Some of the more common concerns we see from landlords are capital gains implications, problem tenants, looming capital improvement expenditures on the horizon, or the desire to retire while retaining an income stream.