If you are a house owner who wants to sell his property then the first question you ask yourself would naturally be; “Who can buy my house?”. Let us answer that.
The property business consists of buyers and sellers. The seller here is you. As for the buyers, most of them will be individuals or families looking for a home. But there are certain companies as well that trade properties to make a profit.
It is recommended by us to completely explore your options when selling a house, according to your needs and ease.
Looking to Sell? We Buy Houses for Cash!
While looking for a potential buyer for your house you may have come across those websites saying “we buy houses for cash” and looking at their promises of quick and easy deals you may think that it sounds too good to be true. Well, it is true in most cases.
These are legit companies commonly known as cash-for-house companies, or simply ‘we buy houses for cash companies. If you are looking for a quick home sale, then your most likely option would be to contact a cash-for-sale company. Of course, there are other options in the market as well, so we will give you a quick rundown of what different potential buyers you can expect.
Companies That Buy Houses
There are several different types of house-buying companies you can consider:
- House Flippers
- Buy and Hold
- Local Investors
All of these companies are not the same, as they differ in what they can offer to an individual. What’s good for one person is not necessarily good for someone else. Everyone has their own needs and goals when selling a house and they should consider who to approach accordingly.
- House Flippers: These investors buy properties to resell them with a profit by increasing their value through remodeling. They will often buy houses as-is at discounted rates and resell them after renovations to reap profits. As they are often ‘we buy houses for cash companies, they are a good option for someone looking to make a quick sale.
- Buy and Hold: As the name suggests, these companies buy houses to hold them for profit, whether by turning them into rentals or holding them for sale later when the prices are appreciated.
- Local Investors: These are localized investors that work in specific cities or states. Hiring a local investor can fetch a good price for your property but it takes time. The average time it takes for a local agent to close is 6 months and that can go up to 12 months.
Who Should You Sell To?
We at John Medina Buys Houses always advise our clients to explore their options. If you are looking for a quick home sale, then your best option would be to approach a ‘we buy houses for cash company. We can present you with a cash offer within 24 hours of contact, and usually, a closing can be done in 7 business days.
FAQ
Who Can Buy My House?
The short answer: anyone who is a buyer, seller, or both.
In most cases, you can buy a house by yourself—but if you want to complete the process with help from someone else in your family or friends, that’s possible too.
But even if you don’t have any relatives nearby willing to help, there are still ways to make it happen. You can hire a real estate agent and lawyer, who will guide you through the process. Or you can do it yourself, but with the right resources at hand.
Can I sell my house to someone without a mortgage?
Yes, you can sell your house to someone without a mortgage. You need to use the “cash-only” option. This means that if you want the money upfront, you must pay for the house with cash (that is, not through any type of loan). If you plan on using a real estate agent or attorney, they may be able to help with this process.
Can I buy a home from someone who has owned it for less than 6 months?
Yes, you can buy a home from someone who has owned it for less than 6 months. This is an exception to the rule that says homes must have been owned for at least 6 months before being sold. If a seller does not have any documents showing that they have owned their home for at least 6 months before selling it (such as property tax records), then it may be possible for them to sell their home “as is.”
