You’ve seen it advertised on billboard, TV, radio, social media, and perhaps even received a postcard inviting you to receive a free offer for your property. What’s the catch-22?
Well there is no catch. Every offer is a guaranteed offer whether it is from a large company, cash buyer, investor, or retail buyer. That said a guaranteed offer is almost always a wholesale offer — A discounted offer.
Guaranteed offers are designed for the homeowner who wants to avoid the hassle of showing their homes to strangers. The cost for the convenience can range 10-30% in price discount.
If this sounds like you, then a guaranteed offer can be your best friend. Closing can be quick with a flexible move-out date.
However be mindful of the difference between a quick offer and a quick closing date. Many of these guarantee offers are provided instantly over the web but requires 2-5 days for inspection. It is during these 2-5 days that the guaranteed offers can require additional discounting for minor repairs and major work.
A better alternative to receiving wholesale offers via the guaranteed cash offer programs is to compare them.
Compare wholesale offers with retail offers in real-time. The difference could mean $5000 to $50,000, or more for you!
It is worth noting that many investors and real estate companies promote cash offers as a benefit to closing in 5-14 days. The reality is that many cash offers actually take 30-45 days to close.
Perhaps the greatest surprise for the inexperienced homeowner is that a competent real estate professional should be able to direct any buyer to lenders who; also — can guarantee closing in 3-7 days!
If a quick closing is your objective then there are better options than selling at a discount. What you really should be seeking is a lender who can close fast. Like 3-7 days fast.
In fact, unbeknownst to the inexperienced homeowners, most guaranteed cash offers ( almost all ) include assignment clauses or require double closings on the closing date in order to fund sales through private lenders.
A genuine guaranteed cash offer can close as quickly as 3-7 days. To know which offer is best for you compare wholesale to retail offers in realtime.