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Companies that buy homes for cash can close extremely quickly, which is great for sellers who need the money fast or need to relocate ASAP. Many also buy homes in as-is condition, meaning there's ...
How to get an instant cash offer for your house - AOL
The term ‘instant’ refers to the fact that this type of business aims to provide a faster cash offer on a property than traditional real estate brokers. Valuation of the property takes place online and is an instantaneous or near-instantaneous process which makes use of machine learning and AI technologies.
Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [2] It also provides mobile application-based home buying services along with financing. As of November 2021, the company operates in 44 markets in the US. [3]
With a cash offer, the buyer intends to pay for the home in full, out-of-pocket, with no outside funding. This takes the need for securing a mortgage out of the homebuying equation, thus ...
A cash offer can be a really important tool in helping real estate investors get more deals because if you are able to pay cash you can close more quickly. Other lenders assist mortgage buyers compete against cash offers. For example, a mortgage company may provide a buyer a commitment prior to identifying a home.
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