“We buy houses” is a growing Google search as sellers are becoming anxious for a home ‘sold’ guarantee. The real estate market is seeing rising rates which is affecting home affordability. This is putting pressure on home appraisals and values.
If you have been following the real estate market, you will know that rates are rising rapidly. So is inflation. There is a time to sell a house, when homeowners can maximize their profit. Those days are quickly coming to an end. For those that are looking for a loan and have not locked an interest rate, it is a tough time. The ARM loans are popular at the moment, but they do carry some risk. ARM loans are a bet that rates will be lower in the future. A 5 year ARM, for example, gets a fixed rate for 5 years.
For those that are trying to sell, and a buyer fell out, it is time to start over on the market. Unfortunately, it is never a done deal until the transaction closes. Meanwhile, time is passing and as rates go up, affordability goes down (and home prices). It can be a better option to sell your house fast, before the value drops below your ideal target.
As a matter of fact, companies that buy houses can guarantee your house is sold fast. They do this by paying cash, which bypasses lenders' criteria. If you agree to sell and accept their offer, they can close fast, guaranteed. Cash buyers can even make their offer with zero contingencies!
Therefore, it is understandable that in the current market, more homeowners are looking to sell a house to cash buyers. The most common way to find investors is through the search 'we buy houses'. This is because of all the bandit signs that these companies use. Over time, they have become synonymous with real estate investors.
If you are interested in getting a free no-obligation offer on your home, call today. The only risk is not selling your house fast and waiting for top dollar, as the market crashes. There is no time better to sell than today and the turbulence is trending toward an extremely volatile real estate market.
