You’ve probably seen the infomercials and signs around town that say a particular company will buy your home for cash. In most cases, you rarely give them a look because you aren’t looking to sell right now. However, if you are thinking about selling, you should pay closer attention to these signs and consider the fact that you can get money from companies advertising to ‘sell my house for cash in Portland’.
Studies have shown that about 20 percent of all residential sales are made in all cash. Almost three-quarters of those sales are made by investors. While it doesn’t mean all cash purchases come from these companies, it indicates that investors tend to buy houses for cash because it makes good financial sense. They can then spruce them up, fix any issues at cost, and sell them for more profit later.
It’s like a Trade-in
Imagine if you decided you didn’t want your vehicle anymore or you wanted something new or different. You’d go to a dealership and find something you like and tell them that you want to trade in your old one. You’d get some money for that vehicle, which you’d then put down on the newer model. Of course, you don’t have to go to a dealership; you can sell a car yourself. The same applies to houses. You can choose to sell it yourself or hire a realtor, but you can also ‘trade it in’ by going to a cash-only investor who is going to give you a fair price all in cash. It can be less hassle if you do it this way.
As-is Buying
If you know that your home needs a lot of TLC before you can get your asking price, it might be best to go to a cash investor. They don’t care how rundown the place is and will still give you a fair price (though it is likely to be less than your asking price). Contact PDX Renovations LLC For more information.
