Cash House Buyers Madison WI
[The Ultimate Guide]
Interested in companies that buy houses for cash? How does we buy houses for cash work? Here’s your answer:
- Cash on Hand
- Who Uses A Cash Home Buyer
- Sell Your House Fast (If you want to)
- No Closing Costs
- No Agents or Showings
- No repairs or cleaning
- Experienced team
Now for some more detail…
We Buy Houses For Cash
This is obviously important. If you need cash for your house, the company that buys your house needs to have cash on hand to follow through with the purchase.
Cash house buyers will fund the purchase of a home in 1 of 3 ways:
- Have cash on hand from their business or personal investments funds
- Use investors that have cash and are willing to invest their funds
- Conventional lending (if the deal lends itself to this option)
Often times the cash buyers will fund the project with funds from many sources. The speed with which the seller needs to complete the deal will determine the source of the purchase. If the sale needs to occur quickly, the source of the funds will be from personal or investor cash funds. These can normally be put together within a day or two.
Conventional lending has come a long way in their ability to evaluate a deal and approve funding. If the buyer is pre-approved and working with the right banks (which we are), closings can occur within 7 days of acceptance on the offer. This is actually a better option for both the seller and the buyer because of the cost of funds. Normally, conventional rates will be better than private funding. This means the house buyer can offer more for the house.
Who Uses A Cash Home Buyer
It is surprising how many people actually use a company that buys houses for cash. It fluctuates depending on market conditions. It has been rising over the years as more and more people evaluate options outside of using a real estate agent.
According to data from the South Central Wisconsin Multiple Listing Service (SCWMLS), so far in 2020 about 8% of sold houses in Dane County were cash purchases. That’s a big chunk of the market, and it continues to jump around consistently between 7-11% for each of the last ten years. It always comes down to what’s most important to the seller. We’ll continue to outline the benefits of selling your home for cash below. Generally speaking, people that prefer cash house buyers want to avoid hassles and the issues that come with selling a house through traditional methods.
Sell Your House Fast (if that’s what you want)
Already alluded to is that speed is not an issue when dealing with a cash house buyer. This is primarily due to the work we do up front to get funds in order prior to working out the details of a purchase. This means you don’t have to worry about financing falling through and can sell your house quick.
Also important is the lack of inspection or other costly and time-wasting contingencies. These things slow the process down and make it more difficult for the seller. Cash house buyers avoid these terms to speed things up and make things as easy as possible throughout the process.
No Closing Costs
Yet again, it’s all about making sure the process is easy for the seller and avoiding out of pocket expenses. Closing costs are often overlooked throughout the entire house buying and selling process.
If you have to pay for seller closing costs that’s often $1,000 minimum out of your pocket. Many of the companies that buy houses for cash will account for this in the offer to a seller. By default, Wisconsin House Buyers includes $1,000 in selling costs on every offer. That means more money in your pocket.
No Agents or Showings
Nope, not if that’s what you want! That’s because house buyers aren’t agents. We are cash house buyers in Madison WI and Dane County which means we buy directly from you. In fairness, we will need to evaluate your home by visiting one or two times, on your schedule. That’s a heck of a lot easier than 10-15 showings though.
Basically, you get to avoid the hassle of going through the normal selling process and dealing with an agent. It’s pretty straightforward.
We Buy Houses Any Condition
If you need cash for your home you probably don’t want to have to fix or clean everything in your home. That stuff sucks and everyone hates it. So it would be great if you could sell your house in any condition As Is. Cash buyers help because they take these costs into account when crafting an offer for your home. Then we get to deal with all the hassles that come with fixing a house up.
We don’t hate repairs or cleaning. In fact, when we buy houses for cash, that’s what we normally do. We buy a house, get it cleaned up, fix it up, and finally put it back on the market or rent it out. We enjoy the process and love to provide the easy solution to sellers that hate doing that stuff.
In this business, it helps to surround yourself with a good, experienced team. In order to provide cash offers quickly, we surround ourselves with experienced people throughout the industry.
By working with these people in the background, we help the seller avoid the hassles of dealing with a whole bunch of stuff when selling a home. That means you just work with us, not the title company, contractors, agents, brokers, lenders, and inspectors.
That’s interesting. Now What?
If you are looking to sell your home for cash in Madison WI or any of the surrounding communities in Dane County, we can help. Wisconsin House Buyers, LLC buys houses for cash in your market. Scan through the easy 3-step process below to get your cash offer.
Cash House Buyers:
Receive a No-Obligation Offer
Here’s the simple process:
- Contact Us
- Setup a Time And Meet At Your Property
- Receive an Offer (Direct and/or Retail)
Submit your info (contact form below) or give us a call at (608) 721-5994. We’ll get back to you ASAP and work on your objectives to see what is best for your situation.
Setup a Meeting
“I need to sell my house ASAP, so can you guys get out here immediately?”
Yes, we can get out to your place the same day in most cases. Bottom line, we are flexible and can meet when it works well for you. Someone from the team will come out to your place and take a quick look around in order to help us determine the best way forward.
Receive An Offer
We’ll get you an offer within a day of the visit.
If you’re looking to sell your house in Madison WI and like what you saw here, submit your info below or give us a call at (608) 721-5994. Let’s work together and come up with the best solution for you.