If you need to sell a house in San Antonio fast, you
need to find the right cash house buying company.
Sometimes this is a group of savvy investors that want to help homeowners by purchasing their homes quickly for cash. Cash deals are always faster than financed ones, but you want to be sure that you find the right buyers, so you do not end up getting scammed.
How can you tell a scam from an honest cash buyer? There are a few things to look for. If the buyer says they can buy your house with cash, get documentation from their bank in writing.
Get a copy of a recent statement that shows they have enough money to pay for the house. Ask for a large cash deposit of about $5000 and place it in an escrow account with your title or escrow company.
Get confirmation that the deposit check has cleared in writing. If you are working with a company that does cash purchases check their status with the Better Business Bureau.
Check their Google and Yelp reviews. Do previous clients have great things to say about them? Get their office address and verify it with the Secretary of State.
If they are a legitimate company this information will be listed there. You can drive by the address and verify that they are who they say they are.
Honest companies have no problem with you visiting them in person to find out more even though you can easily apply for a deal with them online.
Another step to take is to make sure to hire a licensed attorney at the closing. They will help make sure your mortgage is paid off and that the buyer is not claiming this is the case and walking off with your money only to leave you with an unpaid mortgage.
Also, never hand your deed over to anyone without being in the presence of your attorney or escrow company at closing. Don’t sign anything that you do not understand.
A good cash for house San Antonio company will let you go over your documents with your attorney to make sure you understand what you are signing.
How the Cash for House San Antonio Process Works
Cash for house San Antonio buyers will make you an offer after visiting your property in person. They buy houses in any condition with no repairs.
If there is any catch to these deals it is that the buyer wants to buy your home for a little less than they otherwise could get a similar property. They either want to renovate it and sell it or they want to rent it out after they buy it from you.
Honest buyers will never force you to accept the offer they make. They understand and respect that your home is your biggest investment and that you have the right to get the sum of money that you feel is fair.
If you feel their offer is acceptable, a contract is drawn up for you to review. If you wish, you may have it looked at by your real estate attorney. Once the cash deposit is placed in escrow, the closing can take place.
It can happen in about a week or two because there is no financing that needs to be done. You can sell your home fast in San Antonio. Just make sure that you research the buyers online first.
If you cannot find any tangible information about their physical office address, their corporate status or any previous clients of theirs, do not proceed. Only work with cash buyers that you can prove are established, experienced and legitimate.