Can Cash House Buyers Save Me From Foreclosure?

You’ve probably seen signs at the side of the road in Austin, TX offering cash for homes, but you might not have connected those signs with the home investors behind them. Cash house buyers offer a valuable service in that they help homeowners who are facing foreclosure receive cash for their house. That cash payment is often enough for the owner to pay their mortgage balance and avoid taking a hit to their credit, while other times the payment from the home sale may help the homeowner reduce the amount they end up owing.

Either way, when an Austin homeowner is faced with foreclosure and doesn’t have the money to make repairs (such as for foundation repair or termite problems) that are necessary to sell the home, cash house buyers give them a way out that usually preserves the seller’s credit.

Following are a few other benefits of selling to a home investor.

Receive Cash While Avoiding Foreclosure

Selling a home for cash is quick and simple, alleviating the home owner of responsibility and getting them the cash they need without having to renovate or repair the damage in their home. You will still be responsible for paying off your mortgage after your home is bought, but you can receive up to 75% of your house’s market value instantly. If your home is in foreclosure, selling to one of these companies will also allow you to avoid having a foreclosure on your credit report.

No Need to Make Repairs

For home sellers who are too busy, low on cash, facing foreclosure, or have some other financial restriction that prohibits them from selling their house, cash for homes is a good route to take in order to make money quickly. Companies will buy these homes ‘as is’, meaning that the seller does not have to invest money in the home in order to put it on the market. The sale of property through these companies tends to be quick and easy, with no appraisal or Realtor needed.

Buyer Often Pays Closing Costs

Selling to investors who buy as is, whether it be a house facing foreclosure or property inherited from deceased family, is a quick and easy alternative to putting a house on the market. These companies also tend to cover standard closing costs and give free inspections and price quotes. They also turn around neighborhoods by renovating the houses they buy and placing them back on the market in better condition than when they were bought.

If you don’t have the money or resources to fix up your home but need to sell it quickly, a cash home buyer might be a good option for you. If you decide to go that route, make sure you do your homework and choose a cash house buyer that is accredited by the Better Business Bureau with a solid reputation for treating homeowners fairly.

Tally Two Investment Group is accredited by the BBB® and has a reputation of helping homeowners avoid foreclosure and credit dings. We make fair offers on your home, based on current condition and market value, and pay cash up front. If you’re considering selling your home quickly for cash, give us a call at 512-763-0883 or click the button above to get an offer.