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How to Find Cash Buyers for Real Estate

By Jackie Crowley, California Business Journal

With all the excitement of buying or selling a home, consider the other side of the coin: the selling process.

You know how challenging it was to find the right home for yourself. You probably walked through over a dozen places before finding the right fit. This will happen to people visiting your home as well, and if you are lucky, you will get an offer or two. These will probably be lowball offers unless you are in a hot market. Then there are inspections, subjects and negotiations that all take a toll.

At the end of a successful sale, you have to give some of your money to your realtor. You must also vacate the premises according to the new owner’s timeline. If only there was a better way. Thankfully, there is, and this is through working with a cash buyer. This is a much easier process where an interested party views your property and bids to buy it for hard cash.

Sounds too good to be true? Don’t know where to start? This is how to find cash buyers for real estate.

Real Estate Agents

Realtors are professionals in the industry and typically work with people to facilitate the sale or purchase of a home. Besides that, they know cash investors or are investors and are always looking for a home to purchase.

They sometimes have clients who don’t worry about cosmetic issues with a home and know how to make money. They are willing to make a cash offer and take your property off your hands without upgrades or repairs. Speak to some local real estate agents and get a referral to someone who deals in cash sales.

Companies That Buy Houses For Cash

This will be the easiest way to sell your home for cash. Search for companies that buy houses for cash. They have various reasons for it, including:

Building their real estate portfolio
Flipping homes
Adding to a rental pool

You have probably driven past a “bandit sign” on the side of the road. These are small billboards from companies looking to purchase homes for cash. There are also online companies specializing in this market and businesses working locally and nationally to buy homes quickly.

These sales are quick and painless because the companies are professional and can accurately assess a home to make an offer. You will save lots of time, not have to pay any fees and avoid the hassle of fixing up your home to attract regular buyers.

Property Auctions

These are events that people attend to buy delinquent tax sale properties, and they are where you can find motivated cash buyers. When attending one of these events, ensure that investors are not disrupted while the auction continues. They are there to bid on specific properties and focus on this fast-paced sale.

Network with buyers before or after the event and let them know you want to sell your home quickly for cash. They are willing to work directly with homeowners, and you will likely get several people who want to check out your home.

Craigslist

Craigslist is a classified advertising website in most major cities around the globe. This is an excellent resource to list your home for a cash sale, as investors often look here for leads.

You can make a free listing in the “real estate for sale” section and see what traction you can get, but it is key to make a short but catchy ad. Use an attractive photo and brief description to state what you are selling and the price you hope to get.

There are also other sections on the site where you can network and find other possible investors, such as houses for rent and business sections.

Join a Real Estate Investing Network

There are real estate investment networks in various areas that you can tap into for a potential investor. REIAs attract like-minded people serious about making money on the market, and many will be high-quality cash buyers looking for the next deal.

You may have to join and pay a small membership fee to get involved, but it is worth checking out to find a cash buyer.

This is how to find cash buyers for real estate. It is becoming more common for people who want to avoid the hassle of the whole real estate agent model. Find a local investor and have them come through your home to determine a fair offer that allows you to get a good price for your home while leaving enough on the table for them to operate and profit so they can help the next homeowner.