Cash for Houses Agreements Explained

Some buyers might believe that only properties in poor condition are sold in "cash for houses" agreements. However, there are plenty of reasons why someone might want to sell their Savannah, GA house for cash. For example, if the seller is trying to sell their house fast, they might not want to go down the route of a traditional sale as it could take longer.

More and more often, people are selling their homes in cash for houses agreements, which has understandably led to lots of questions about what exactly this means and why it has grown so much in popularity… Here at Cash 4 Keys Home Buyers, we've written this guide to answer questions about why some houses are being sold in cash for houses agreements, as well as clearing up any concerns about what this can mean about the quality of the property.

What is a "cash for houses" agreement?

If a property is being sold in a cash for houses agreement, this means that the seller is not interested in prospective buyers whose house-buying funds are dependent on a mortgage approval or a sale of their own existing property. They are looking for a buyer who has liquid cash and can buy the house immediately.

Will cash for houses property be in a poor state?

It's often assumed that Savannah, GA properties sold in cash for houses agreements are in too bad of a state to be sold via the normal avenues, however, this is not the only reason for why such sales are made.

Some might turn to cash for houses agreement if they're looking to make a quick sale since cash buyers are known for being able to complete a sale much more quickly than the traditional sale route. They may also be looking for a quick sale because they lost a previous buyer, so they need someone to step in and avoid a chain break. They may even want a cash for houses agreement because they're at risk of repossession, so they want to sell in a faster timeframe and avoid that.

Can I still view a property if the seller is looking for a cash for houses buyer?

If the Savannah, GA property looks good, you might be able to contact the seller to see if they would consider allowing you to mortgage the house. You should try to make sure you already have a mortgage outline agreement in place, as it will speed things up compared to if you haven't applied yet. However, there is no guarantee that the seller will consider you at all - you may be turned away as soon as you enquire.

Can I sell my house in a cash for houses agreement?

As a homeowner in Savannah, GA, you can choose to sell your property in any way you like. If you want to sell your house fast, a cash for houses agreement is probably the quickest and least risky way to do so. Selling on the open market can be full of risk, so many homeowners take comfort in the ease of a cash for houses agreement. If you sell your house with a cash for houses agreement, you may also be able to buy faster. Since the timeframe of selling is shorter, there is less opportunity for things to go wrong or the sale to fall through. This means you can plan your next purchase with confidence.

However, do be aware that a cash for houses agreement will often mean you have to accept a lower price for your property than the market value. However, if you're not in a position where you're relying on selling at full market value, this might not be a problem. You may decide that the slightly lower offer is worth the faster and more secure sale that a cash for houses agreement can offer.

Can Cash 4 Keys Home Buyers help me sell my house?

If you're ready to sell your property in Savannah, GA, you've come to the right place!

Here at Cash 4 Keys Home Buyers, we buy houses in Savannah, Georgia for cash, so there's no need to worry about finding a buyer on short notice! Our business model is to help homeowners who need to sell a house fast (especially houses that need work) by buying your house for cash… then we and our local partners fix up the property, beautify the neighborhood, and sell it "move-in" ready to a happy new homeowner.

We pay for all of the repairs.

We pay for the closing costs.

We do all of the work, so you don't have to.

Our goal is to make the whole process no hassle for you, so you can move on with your life and put this house behind you.