We buy houses in Dumfries Virginia. We are your local Dumfries VA home buyers, and we offer cash for houses in Dumfries VA. As local home buyers, we work with homeowners facing a variety of situations every day. A cash home sale is not the answer for everyone, but it could be the answer for you. Are you familiar with the signs at almost every street corner or off-ramp, “Cash for houses in Dumfries”? Some of these are cartoonish signs and others might even be handwritten, nailed to a light pole…
If you need or want to sell your home, this looks like the perfect opportunity to sell quickly without the headaches of preparing a property for showing.
Is Cash For Your House In Dumfries VA Right for You?
Cash For Houses In Dumfries VA
The individuals and companies putting up these signs are investors seeking quick, undervalued properties to capitalize on. By putting signs out, it takes a lot of the legwork out of researching distressed properties and hones in on homeowners wanting to sell quickly.
The key target market includes homeowners in some negative financial situation. This includes people facing bankruptcy or foreclosure, medical issues, divorce or damaged properties in complete disrepair. They also hope to find properties transferring ownership from probate sales, vacancies and even existing listing that are about to expire.
Process Behind A Cash Offer For Your Dumfries VA Home
Because investors are seeking properties for quick turnaround and profit, they want motivated sellers and properties in distress that can be rehabbed quickly for resale. As the seller, this may or may not be your best play. The buyer is looking to ease your burden quickly. They know you have some emotionally binding stressor that requires a quick sale.
As a result, the offer will be below market value as there has to be some profit margin on the deal (or these companies wouldn’t exist).
Consider Your Position Before Negotiating
Keep in mind there is a cost to keep a home. Everything from mortgage payments, insurance, and property taxes must continue to be paid while you own the home. The longer you delay a sale, the longer you must pay for utilities, maintenance, and upkeep.
Do the math then consider the average time it takes for homes to sell in your market. Based on average pricing, will you make up the difference in the cost of maintaining the home for the extended timeframe?
It may also be urgent to sell because of an impending foreclosure or estate tax cash requirement. Consider all of these factors as you begin to look to attract offers from other home buyers.
Maximizing The Sale Value Of Your Dumfries VA Home
It doesn’t take a lot of research to get an idea of a property’s fair market value. If you really want to know, pay a couple hundred dollars for an appraisal or simply speak with a local realtor who will give you an idea of the value of your home in its current condition.
Once you know what the estimated value is based on current market conditions, look at what can be prepare your house for a quick sale as inexpensively as possible to improve the property thus increasing the value.
Do what the investors would do. These include cleaning the home inside and out; make sure windows and screens sparkle. Remove all weeds in the landscape and trim trees and bushes back. Replace carpet, tile the bathroom and kitchen and repaint the inside and out. If you have the time and money to do so, it might be worth the investment. At that point you might even be able to sell your house yourself in Virginia.
The bottom line is if you can extend your timeline of a need to sell, you can work with an agent and try to get market value for your home. However, you still have to account for holding costs (mortgage payment, taxes, insurance, utilities, and maintenance) while waiting for your property to sell on the market.
We Buy Dumfries VA Houses
We buy houses in Dumfries VA. We typically work with homeowners who have already explored their other options and have decided we are the best fit due to their circumstances. These homeowners don’t mind accepting a cash offer below market value because they are looking to sell a house completely hassle free. The House Guys make honest and fair cash offers that come with no obligations in Dumfries VA. Come check us out! (571) 207-5171