Companies/websites that “pay cash for homes” are a subject that comes up from time to time. I wanted to do my own analysis to determine the viability of these businesses as a customer. Checkout Pueblo We Buy Houses for more info.
Naturally, we believe that these firms are cash buyers. However, I have discovered that it is not always the cash, and this was not always the case in my study. Cash buyers/investors are the ideal kind of buyer since they do not need financing and are clearly serious. This are the kinds of shoppers we want snatching up our bargains.
What I discovered from my study is that the majority of these businesses aren’t cash buyers. They don’t say you that, but I discovered links between their cash buyer page and their assignment wholesale deals when I looked into them. So, how does this affect you?
1) If you choice your assignments to these locations, don’t necessarily presume you’re negotiating with a cash buyer. In certain cases, they are not searching for a bargain at all; however, they are looking for motivated buyers that can come to them and lock in a better price so that they can assign it themselves. They most definitely have some cash-buying ties, but these aren’t the cash-buying websites.
2) If these platforms are offering “money for homes” in exchange for doing tasks, they must be using a successful tactic. And if you don’t have the cash on hand, but may theoretically find a cash buyer for your offers, it’s worth approaching to see if you can lure inspired buyers of equity.