You’ve seen the signs at almost every street corner or off-ramp, “Cash for houses in Lincoln.” Some of these are cartoonish signs and others might even be handwritten, nailed to a light pole. Some cash for houses signs makes claims they buy houses in any condition and for competitive rates and all cash. Many of these buyer will allow you to sell your house as is or sell your mobile home fast for cash. Don’t ignore these “cash for houses in” buyers!
If you need or want to sell your home, this type of “cash for houses in” buyer looks like the perfect opportunity to sell quickly without the headaches of preparing a property for showing.
Is Cash For Houses In Lincoln Right for You?
The Cash for Houses in Your Area
The individuals and companies putting up these signs are investors seeking quick, undervalued properties to capitalize on. By putting signs out, it takes a lot of the legwork out of researching distressed properties and hones in on homeowners wanting to sell quickly.
The key target market includes homeowners in some negative financial situation. This includes people facing job loss, bankruptcy or foreclosure, medical issues, divorce or damaged properties in complete disrepair. Ask yourself if you are feeling financial stress and are searching or even thinking about how to sell your mobile home fast. If so, then these “cash for houses in” buyers can be very helpful.
The Thoughts Process Behind the Buyers’ Offer
Because investors are seeking properties for quick turnaround and profit, they want motivated sellers and properties in distress that can be rehabbed quickly for resale. As the seller, this may or may not be your best play. The buyer is looking to ease your burden quickly. They know you have some emotionally or financially binding stressor that requires a quick sale.
As a result, the offer might be for a steep discount to what you originally paid. At best, investors want properties at wholesale pricing, which is often below fair market value by at least 30 percent. But if you need to sell for cash fast or need to move fast, consider working with these buyers.
Consider Your Position Before Negotiating
Keep in mind there is a cost to keep a home. Negotiating extends and because you’ll be in limbo, can even increase these costs. Everything from mortgage payments, insurance, and property taxes must continue to be paid while you own the home. The longer you delay a sale, the longer you must pay for utilities, maintenance, and upkeep.
Do the math and weigh whether it’s more beneficial for you to get cash fast or if you sell higher, will that difference be worth the cost of maintaining the home for the extended timeframe?
It may also be urgent to sell because of an impending foreclosure or estate tax cash requirement. Consider all of these factors as you begin to look at offers from buyers.
Maximizing the Sale Value
It doesn’t take a lot of research to get an idea of a property’s fair market value. Facebook Marketplace or Zillow are easy ways to get started. If you really want to know, pay a couple hundred dollars for an appraisal or simply speak with a local realtor who will give you an idea of the value of your home in its current condition.
Once you know what the estimated value is based on current market conditions, look at what can be done quickly and inexpensively to improve the property thus increasing the value.
Do what the investors would do. These include cleaning the home inside and out; make sure windows and screens sparkle. Remove all weeds in the landscape and trim trees and bushes back. Replace carpet, tile the bathroom and kitchen and repaint the inside and out.
You don’t need to do this, but if you have the time and money to do so, it might be worth the investment. And if you don’t do this, or really need to sell your mobile home fast, you may have to sell your house as is and accept a discount.
The bottom line is if you can extend your timeline of a need to sell, you can wait for a more traditional buyer to come along and give you an offer that puts some money in your pocket. But also remember that a more traditional buyer may not provide an all cash offer. But if you want to sell your mobile home quickly and/or need cash in your pocket fast, working with these “cash for houses in” buyers may be your best option.