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Why They Can Close Fast
Many are investors, wholesalers, or investment companies. Their business model depends on acquiring property at a price that leaves room for profit.
That is not inherently unethical. It is how investing works.
Is the Trade Fair for You?
Example
If open-market value is $500,000 and the cash offer is $470,000 with minimal hassle, the seller may reasonably choose the offer.
If open-market as-is value is $500,000 and the cash offer is $340,000, that is a completely different trade.
Ask the Buyer
Before signing anything, ask:
- Are you the actual purchaser?
- Can you show proof of funds?
- Are you assigning the contract?
- What is the inspection period?
- How much earnest money?
- What is the closing date?
- Are there fees?
- Who pays closing expenses?
- Can the offer change after inspection?
Watch for Bait-and-Switch Pricing
Important
Some buyers may advertise high initial numbers and later seek major reductions. READ THE CONTRACT. The advertised number means nothing if the signed contract says something different.
Who Benefits Most?
A cash company may be especially useful when the seller has severe damage, extreme clutter, an urgent timeline, difficult occupancy, or no repair funds.
But even then, multiple investor offers may produce competition.
Lisa's Value
Lisa does not need to tell you "never take the cash offer." She can tell you what the alternative is worth. Then you decide.
Get your comparison started with a free home value analysis or by asking Lisa what the open market would do.
