Hey, Metro Detroit. Thanks for visiting Anderson Home Paths, where we offer an amazing cash offer on your home and get you started on your next path. One question we get asked a lot is why people choose to get a cash offer, versus traditional real estate marketing. So today, we’re going to go over the top three reasons why people choose a cash offer. Number one, the property needs work done. Last year, 87% of home buyers who used a realtor, financed their home purchase. Those who financed their home purchase, typically financed 88% of the home value, which means the property needs to be up to standard for a bank to use the home as collateral. An outdated home that needs a new roof, foundation work, or has code violations may need those repairs completed upfront before a bank will finance the property. That burden is typically held by the seller.
With a cash offer, there is no financing, which is why it’s so attractive to the sellers because they don’t have to front up the money before someone considers financing their home. Number two, time is of the essence. Some people may be falling behind on their payments, facing foreclosure, or just want to sell quickly. Listing takes time and showings take time. Getting approval on a bank loan alone can take plus or minus 90 days. For some, getting a fast cash offer can be the difference between someone buying their home and an institution taking their home. With cash offers, speed is the name of the game, getting people, close right away.
Number three, we offer hassle free solutions. Typically, cash offers from an investor accounts for approximately 25% of the home selling market. The reason so many people will choose to sell their home for cash is that it offers an easy solution, despite the seller’s situation. No showings, real estate commissions, or investing into the property. We have taken the home selling process and simplified it as much as possible, so you can get back to what you do best. Did any of these apply to you? Did we miss any? Give us a call or a text and we can discuss your situation and show you why our clients have consistently referred us to friends and family. Thanks for watching.