Do I need to make repairs to my house if I want to sell to cash house buyers in Lomita?
The short answer to that question is “no”.
We are local cash house buyers in Lomita California. We work with local homeowners who need to sell a house fast. The homeowners we’ve worked with come to us with all kinds of reasons for needing to sell a house fast.
The main reason is that their house is rundown and in disrepair. Often, the homeowners just don’t have the time or money to make the repairs needed to be able to sell it fast on the MLS with a real estate agent.
But here’s the “real” reason we’ll buy a house in any condition in and around the Lomita market (including other cities in California).
Why Cash House Buyers In Lomita California Will Buy A House in “As-Is” Condition
Since we buy houses with cash and don’t need to get bank approval to do so, we have the flexibility to buy local California houses in any condition. We don’t have anyone telling us no or denying us a loan because a house needs lots of repairs. Usually, traditional banks and lenders won’t finance a house if it’s in disrepair. And that is why it can be so difficult to sell a house with a real estate agent listed on the MLS. Usually, in that case, the buyer will end up being a cash buyer who buys the house “AS-IS” and the homeowner still pays the agent commissions.
Imagine selling a house to us for $500,000 in cash and getting exactly that in a week or two or imagine listing your house with a real estate agent and getting $460,000 (8% goes to agent commissions, escrow fees, taxes, etc.) in 2 to 3 months and with a bunch of hassle. Honestly, which way sounds better to you?
Banks see it as a risk and won’t lend on the normal “fixer-upper” house.
That leaves a lot of homeowners in our area without another option to sell the house because over 95% of the retail buyer pool has to get a traditional loan to buy a house.
That’s why we can be of help to homeowners like you.
Here at The Shenbaum Group, Inc., we are solid performing cash house buyers in Lomita. Our business model is to help homeowners who need to sell a house fast (especially houses that need quite a bit of work) by buying your house for cash. Typically, we and our local partners renovate the property, beautify the neighborhood, and sell it to “retail buyers” who can only buy a “move-in” ready house, as we described earlier.
Here’s how we make it easy on you:
- We pay for all of the repairs.
- We pay for the closing costs.
- We do all of the work to make your life more simple.
Our goal is to make the least amount of hassle for you, so you can move on with your life and put the house behind you, all while pocketing a nice amount of equity that has built up in your house.