Selling a home can take up a lot of time and money, and if you are in a situation where you want to avoid that kind of investment, you have probably considered selling to a cash house buyer. Local “We Buy Houses” businesses across Georgia and national franchise companies offer sellers the opportunity to avoid the traditional selling method in favor of getting a fast cash offer. However, a lot of sellers might be hesitant about this kind of sale. How can these companies buy homes in cash? Will the sale be legitimate? How can I be sure that I get a fair offer? We’re here to answer these questions so Georgia homeowners can confidently choose the best selling method for their situation and get a fair offer, no matter what process they choose.
How professional house buyers calculate fair offers
Different home buying businesses can vary in how they calculate a fair offer depending on their business models, though there are a few factors that will likely affect any offer that will be made on your property.
- The condition of the house: The factor that most buyers will prioritize when calculating a fair offer is the condition of the property, which impacts the cost of repairs and labor that will be needed to bring the house to a better condition. The condition of the house will determine the investment that the buyer must make when they own the property, so this must be factored in when they calculate a fair offer.
- The location of the house: Where your property is located impacts your house’s value. For example, if your house is located in a good neighborhood, near a school, walking distance from a downtown area, etc., your property will have a higher value, and this must be factored into a fair offer.
- Selling costs: The cost of closing a sale is also calculated into a fair offer from a cash buyer. The direct sale process of these companies does eliminate the need for you to pay realtor fees, BUT someone still has to handle closing costs and attorney fees, and it will likely be the buyer, as they arrange the closing. (Keep in mind that these closing costs are necessary for a legitimate closing in Georgia; never commit to a sale with a buyer who tells you they don’t need an attorney to close!) The additional cost of these fees will likely be considered when the buyer calculates your fair cash offer.
Other specifics of your situation may impact your fair offer, but keep in mind these three points when you consider any offer made by a cash buyer. This gives you a baseline to ensure that the buyer isn’t making a lowball offer.
If you’re not sure about how the buyer calculated their offer, then you can always ask them! The best buyers will be 100% transparent about how they calculate their offers and their buying process so you can be confident in your sale.
How to tell if a house buying company is legitimate
One way to ensure you get a fair offer from a house buying company is to be aware of any potential scams. Before you request an offer from a company, it’s always smart to do a bit of research. Check out the company’s reviews from previous customers, see if they are an accredited business, and look up their Google Business profile. These are good indicators of legitimate, up-front business dealings, and they usually show you that the company actually has the funds and the resources to effectively close the sale. It’s also a good sign if you can get someone on the phone to answer any questions that you have about their buying process and business model. It can give you peace of mind to talk to an actual person instead of taking a website’s word for it.
Above all, be aware of your rights as a seller. Never agree on a closing where there is not a Georgia legal professional present, never make any kind of deposit, and never provide any personal information that is not required for a real estate transaction. Remember that, at most, requesting an offer requires you to provide information about your home and situation, and the buyer may arrange an in-person showing in order to view the house and directly answer any of your questions. You should not be asked to make a deposit or sign any contract until the closing, and the buyer’s fair offer should be no-obligation, meaning that you are free to accept or reject it.
How to find the best cash buyer in your area
There are a lot of professional house buying companies in Georgia, ranging from small-scale local businesses to national franchise buyers. Which business is the best for you to work with is your decision. Would you rather work with a local professional or a larger franchise? Does it matter to you whether you sell to a house flipper or a buy-and-hold company? Regardless of your preference, as long as you do your due diligence in ensuring the business is legitimate (checking reviews, seeing if they are accredited, asking about their business and experience, etc.), it’s easy to find the best buyer for your situation.
Luckily, we have a recommendation for you if you have a property in the West Georgia area, enjoy supporting local businesses, and want a worry-free selling experience: you can request a no-obligation cash offer on your house from our team at We Buy Houses In West Georgia today. We would love to work with you!
Give us a try! We can make a fair offer on your home and close in as little as 2 weeks.
We Buy Houses In West Georgia is a small business based in Carrollton, Georgia, and our mission is to help local homeowners offload burdensome properties quickly and easily. Our streamlined process allows you to receive a fair offer and close on your house without worries about making repairs, listing your home, or waiting for a buyer. We guarantee a fair offer on your home, no matter your situation or the property’s condition.
If you want to learn more, we invite you to visit our How It Works page. Here, we offer full transparency about our homebuying process, including details about exactly how we calculate our offers. You can also check out Our Company page to get to know our team, our credentials, and our experience. Fill out the form below to get a no-obligation cash offer started now!
Will I Get A Fair Offer?
Odds are, if you find a credible business with good reviews and experience, you can expect a fair offer. Professional house buyers make their money from acquiring properties, which means that they can’t waste time on lowball offers that no seller would accept when they can get a better offer somewhere else. Yes, a fair offer will be impacted by your property’s as-is condition, so you won’t receive an offer that is equal to the fullest market value of your house in its best condition. However, sellers who seek out cash buyers do so because they expect to exchange the highest possible selling price for the ease, convenience, and sureness of a cash offer and fast closing. If this kind of sale is the best choice for your situation, then we encourage you to request a cash offer on your property and see if that offer is fair, given the condition, location, and situation of your house, and if that offer will ultimately work for you.