Did you know about 18% of home sales in the U.S. were cash sales? That was just in June 2017. This percentage is down from the peak of 35% a few years ago.
This goes against the conventional real estate wisdom that home buyers need to get financing to buy a home.
In fact, cash purchases are beneficial for the buyer and the seller.
Cash-buyers are likely to get preferential treatment and can sometimes get better deals on a house. On the flip side, sellers don’t need to worry about offers falling through if a buyer doesn’t qualify for a mortgage.
If you’re looking to get a cash offer on a house, read our advice for attracting cash-buyers!
Try Cash-Based Online Marketplaces To Get A Cash Offer On A House
Many cash buyers are looking for deals on online marketplaces. Craigslist is a great place to try to attract them.
Another option for finding a cash buyer is to sell to a company that buys houses for cash. You’ll likely be able to find local and national companies that are in this business. If you choose to go this route, do your due diligence on each company before you contact them.
Contact Investment Groups
Local real estate investment groups can be great resources when you’re looking to get a cash offer on a house.
Many local real estate groups have individuals who are interested in buying homes for cash. Going directly to the source can be an easy and effective way to sell your home quickly.
To find these groups, do a quick online search for organizations in your area and see if they have an upcoming open gathering.
Placing ads online or in the newspaper is another great way to attract a cash offer on a house. These are low-cost options for getting the word out on your property. The added benefit is cash buyers often look for ads for cash homes.
You need to use the right language when you place these ads. Phrases like “cash only” or “must sell” are motivating phrases to cash buyers.
Work With Experienced Realtors
Some sellers who want a cash offer on their home don’t want to work with realtors to cut down on cost. However, working with a realtor comes with one huge benefit.
Realtors have access to MLS’s, which are property listing websites. Working with a realtor would allow you to place your property on an MLS. Having a listing on an MLS gets your property in front of more potential buyers.
When selecting a realtor to work with, look for realtors who have had success in getting cash offers for their clients.
Get a Cash Offer On A House Today!
People look to get a cash offer on a house for many reasons. Some want to get the house off their hands immediately while others believe they’re getting a better deal with cash.
No matter how you feel about selling your home for cash, you will get plenty of offers if you follow our tips.
If you have questions about selling your home for cash, get in touch with us today or get an offer!