You may have found these. Those are the signs that read, ‘We Buy Houses,’ ‘Sell House Soon,’ or even ‘Money for Houses,’ and a range of phones. There are signs everywhere. You may have wondered why so many people should purchase homes. The housing market would be poor after all, shouldn’t it?Checkout Bonnie Buys Houses Fast for more info.
Ok, those people who are “we buy homes” are real estate investors. We pay cash as investments for the houses. We buy houses that are below market value, do the necessary repairs and then either sell the house for profit or rent out the house. This will generate a nice profit and/or passive profits.
You may wonder why people would like to sell their house below market value. Okay, there are a lot of circumstances people find themselves in that they need to sell their house quickly and some only sell that way for their convenience. Take people for example who inherit a property far from where they live. Most people in that situation don’t know how to manage the house, or really want to, so a cash home buyer is a response to their prayers. Some other factors include: people facing foreclosure who don’t want to risk all of their equity, exhausted homeowners, divorcing couples, people in bankruptcy and people who have houses that just need so many fixes that regular home buyers are just too afraid to buy.
As investors, we buy cash from houses, and embrace ‘As-Is’ property. The ability to pay cash allows investors to close on time, if necessary, within 3 days. You don’t have to worry about walking through your house with dozens of complete strangers, possibly looking through your personal items! You shouldn’t pay any fees. It’s not going to take months to wait for a potential buyer to come along, just to find out they want you to make a ton of repairs before they close.