Sell Your Granbury Home Fast: Cash for As-Is Properties

If you’re facing a financially stressful situation and need to sell your Granbury home fast to a cash buyer, it’s possible that you’ve let the condition of your house slide. It’s probably weighing on your mind that you’re going to have to fix all of the things that you’ve been putting off, and that it’s going to be a massive hassle in order to get the house into move-in condition so that you can sell it fast.

We’ve bought 36 properties with cash to sellers just like you, and I can’t think of more than a couple of times when we’ve purchased the house for any condition other than “as is, where is.”

What is “As is, Where is?”

Sometimes real estate contracts are written with certain conditions that have to be fulfilled before closing. In legal terms, these are called conditions precedent, and have to be fulfilled in order for the sale to be completed. The most common one that you probably would think of is that a home is going to be purchased subject to the buyer being able to get a certain type of financing from a bank.

However, oftentimes, when people are looking to move into a home, they will also make the contract subject to an inspection and then to getting certain repairs done on the inspection.

We’re going to want to do at least a walkthrough and perhaps an inspection, but in our case, it’s only to validate our expectations about what sort of work the house will need before we can do something else with it, whether that’s resell it or rent it out.

But, we’re going to make our offer an “as is, where is” offer, meaning that we don’t expect anything out of you except to have the house empty at the time of closing, unless we agree beforehand that we’re going to lease it back to you for a short period of time or that there are things that you can leave in the house and we’ll take care of.

“As is, where is” simply means that the buyer accepts the risks associated with the condition of the house. Is there a leak in the plumbing under the house that you don’t know about and we don’t find until after the closing is done? That’s a risk that we accept. Did the previous owner jerry rig the electrical system and it’s out of code compliance, and neither you nor we find out about it until you’re out of the property and we’ve wired the funds? That’s on us, not you.

Why Do Cash Buyers Want Your Granbury Home “As Is?”

There are a couple of reasons that cash buyers like us would want to buy your home “as is.”

First, it makes the transaction easier and faster. We have an idea in mind of what the house is worth as it sits and how much it’s going to cost to get the property repaired. We usually close in 7 days or less, and part of that is because we’re not waiting around for you, the seller, to make a bunch of repairs to the house.

That’s not to say that you can’t do some things to make it look better. You can check out our guide to surviving financially if you have to sell your home fast to see some quick things you can do to add a little more appeal to your house.

Second, it’s probably cheaper for us to get the work done than it is for you to do it.

Why is that?

We have relationships with people in the construction industry. Since we go to them over and over again, and are repeat business, it’s in their interest to make sure they’re giving us good, competitive pricing. They buy supplies in bulk, so they can get materials cheaper than you can.

Think of buying a car from a car dealer versus Walmart buying TVs to put into its store.

If you walk into a car dealership, it’s probably the first and last time you’re going to have a relationship with the salesperson. That salesperson is going to want to maximize their commission because, once you’ve driven off the lot, they’re never going to see you again.

However, if you’re Walmart, and you’re selling TVs, you’re buying thousands and thousands of TVs over and over again. The TV seller has an incentive to keep that relationship going with Walmart, and they’re going to sell that TV to Walmart much cheaper than they would if you bought directly from them. Walmart has purchasing power over the TV provider. You don’t have purchasing power over the car dealer, and you don’t have purchasing power over the people who could come fix your house.

That’s not a knock on you. It’s just a statement of why your cash buyer probably can get the repairs done cheaper than you can.

Third, we can insure the quality of the repairs in a way that we can’t if you do the work. If there’s electrical work to be done, unless you’re a master electrician, we’re probably going to have to, at the very least, go back and inspect the work to make sure it was done correctly, and, oftentimes, redo the work. That’s money flushed down the drain. You spent money and time for the supplies and to try to do the repair work yourself, and it still will cost us the same amount of money. Sure, there are less technical things you can do like painting and recaulking, but for most repair work, we want professionals to handle the work, and we can’t guarantee that it’s going to be done to the standards that we need. Furthermore, as I mentioned before, it slows down the timeframes to get to closing. Sometimes, if you have a cash buyer, that time may mean that they find a better deal and walk away from yours because it’s taking too long to close.

Selling “As is” Benefits You

Having that mental checklist of things that the house needs to have done is probably weighing on you as you try to sell your Granbury home fast to a cash buyer. It’s good to share that checklist, as it will help the buyer have an accurate idea of the repairs that need to be done and the approximate cost of those repairs, which means a more accurate initial offer price and potentially more cash in your pocket.

However, you don’t need to let that checklist weigh you down mentally and worry about how you’re going to get that checklist done with all of the other things going on in your life.

We’re “as is, where is” buyers, so that’s one burden you can hand off to us if we agree to buy your house.

Are you in a situation where you need to sell your Granbury, Texas house fast to a cash buyer? Contact us now or fill out the information below and let’s get started on assessing your house and seeing if we can agree to buy your house fast.

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