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Your home is more than a place where you make memories with family; it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you don’t consider other avenues for a quick sale.
Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.
Vet cash buyers and know your home’s worth
For many home sellers, We Buy Houses for Cash companies can be a solid solution to selling a property quickly or accessing cash for an expected life challenge. However, the “cash for your home” rehabbing business model has also led to what some housing advocates call predatory tactics.
The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses for Cash companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.
If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
Before committing to a We Buy Houses for Cash company, HomeLight suggests you consult with a top agent to get a better idea of what your home might be worth if sold on the open market. Then, compare cash offers to what a top agent might be able to get for your home.
Connect you with a top-performing agent in Atlanta. You can also try our free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.
Other options to sell your home quickly
Working with iBuyers
Within the cash-for-homes business, you’ll encounter a particular group of companies known as instant buyers or iBuyers. These firms offer sellers many of the same conveniences of other house-buying operations, but they leverage algorithmic technology, known as automated valuation models (AVMs), to make a near-instant offer on your home and provide a user-friendly, mostly online home-sale experience.
With all cash offers, they can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, iBuyers tend to look for homes in better condition and offer much closer to market value, typically in the 85% to 95% range.
However, one thing to note is that major iBuyer companies like Opendoor and Offerpad usually charge sizable fees for their services, about 5% to 6% of the home’s sale price.
Sellers who may be a good fit to work with an iBuyer in Atlanta include those who prefer to skip staging and showing their home, live in an area with somewhat similar housing, and have a home in relatively good shape.
