Evaluating San Diego’s Fast Cash Offers—Make the Best Choice for Your Future
Moving for any reason is bittersweet. It doesn’t matter if you’re headed just up the road to Oceanside to be closer to your aging parents or if you’re trekking across state lines because you’ve been offered a better job. Leaving a house that has been your home can cause your heart to break a little, even when it’s also telling you that you’re doing the right thing.
That something is right doesn’t make it easy, however—especially when it comes to moving. Being worried you won’t get a fair price if you ask for a fast, all-cash close can make things that much more stressful when selling a house you love. And, truth be told, there are red flags to look out for when seeking fast cash offers on San Diego houses. But if you can spot them, it’s easier to avoid them—and to choose an offer that works best for you.
It’s unfortunate but true that when you need to sell your house fast and want only all-cash offers, you need to be on guard.
To help, we’ve pulled together a short, but critical, list of the red flags you should heed when seeking a fast close and a fair cash offer on your house. We’ve also got a suggestion for how to find reputable buyers who consistently make reliably fair offers.
Red Flags to Heed When You’re Selling Your House
It’s unfortunate but true that when you need to sell your house fast and want only all-cash offers, you need to be on guard. Most cash offers come from real estate investors, and the reputation of a few bad apples in some SoCal markets has spread to the whole bunch. That can make it harder to know who will treat you fairly.
Be careful not to let your concern turn to overwhelm, however, and mistakenly choose an offer that goes against your best interest. There are investors who will care about you as much as they care about buying houses and who will make you an offer that is truly fair. It’s just a matter of knowing how to evaluate your options.
Here are some red flags to look out for that should make it easier to separate the cash buyers who are worth your time from those that may just waste it.
Getting a very low offer without a good or verifiable reason.
It’s not unusual for all-cash buyers to offer a below-market price since it’s understood that the home needs to be sold quickly and, usually, as is. But an old appliance and outdated fixtures don’t necessarily warrant a “lowball” offer.
When a cash offer is fair, your net profit from a fast, as-is cash sale will add up and make sense.
So, when you’re handed a number that seems unfairly discounted—even for cash—ask for a house sale net sheet. This one-page document outlines repair costs as well as how much you could net if you rehabbed the home and sought a conventional sale. When a cash offer is fair, your net profit from a fast, as-is cash sale will add up and make sense. If it doesn’t, pass on the offer and find another buyer.
A lack of financial backing that proves they can close on your house.
Getting proof of financial backing from a cash buyer may seem hard to do since they won’t have a bank letter showing they’ve been approved for a loan. But that doesn’t mean you shouldn’t ask—especially if it helps you feel comfortable. A reputable buyer can provide proof of funds and won’t hesitate to share it. If they’re honest investors of San Diego homes, they’ll have a solid reputation for following through and closing fast, too.
A long contingency period or none at all.
For conventional sales, a contingency period of several days to several weeks is a normal request. It gives the buyer time to perform their due diligence and secure a loan. It also gives them the right to back out of the sale if what they uncover during an inspection causes concern.
Cash buyers may ask for a contingency period and for the same reasons, too. But it should not drag on since they’re not waiting on a loan. If it does, that’s a sign they may not have enough funds and are looking for buyers with deeper pockets to partner with—even to bail them out. Also, be wary of buyers who promise “zero contingencies.” Though this sounds like proof that the buyer can close fast, it’s more likely that they don’t know what they’re doing or that their offer is deliberately too low.
Although some real estate investors have given others a bad name by being unreliable, unprofessional, or just inexperienced doesn’t mean that none can be trusted.
Accepting an offer for one amount, getting less than you expected at close.
This tactic can be hard to avoid since, by the time it happens, you realize you’ve been had. And there are legitimate reasons a buyer may want to lower their offer, like finding damaged pipes after performing an inspection. The best thing you can do is to be wary of offers that sound too good to be true and perform your own due diligence by asking a lot of questions.
Should you accept an offer from a buyer who then asks for a discount while you’re in escrow, exercise caution before agreeing to the new number. The goal of the buyer may have been to lock you into a deal with an unrealistic offer, then actually buy your home for less than they ever suggested. There are few good reasons an offer number needs to be adjusted outside of the scope of a purchase agreement. A trustworthy buyer knows this and will detail in writing if and when they need to make changes.
Evidence that the buyer cares only for the house—and not you.
That a buyer doesn’t care about the experience you’re having selling your house can be tough to spot. But you’ll probably know it in your gut. Of course, you can also do some digging to ensure their reputation in the community is respected. For example, if they work with local veterans groups or help clients pay their moving costs, they’re likely a buyer who cares about sellers. This matters because showing respect is the right thing to do and it almost always indicates you’re getting a fair price on your house.
Finding a San Diego buyer who doesn’t raise any red flags isn’t impossible. Although some real estate investors have given others a bad name by being unreliable, unprofessional, or just inexperienced doesn’t mean that none can be trusted. In fact, there is a reputable local team that will make a good fast cash offer on your San Diego home and even connect you with other reliable buyers if they feel that, with someone else, you might be able to net more.
You’ll get an honest offer that reflects the cash value of your home along with a net sheet that explains how all the numbers break down.
Reliable Fast Cash Offers on Your San Diego Home
The home buying specialists at Sell Your House Direct will make an all-cash offer on your house that is fair with a closing date that is fast. You’ll get an honest offer that reflects the cash value of your home along with a net sheet that explains how all the numbers break down. Should the SYHD team decide that you could net more if you sold to someone else, they’ll help you find other buyers who also make fast cash offers on San Diego houses.
That said, SYHD has been buying San Diego homes for nearly 20 years and has a reputation for being one of the most trusted teams in the business. They’ve got secure financial backing to pay what they offer and can close on your home in seven days or less. They will even help you with moving costs and finding a new home, treating you respectfully every step of the way. As a disabled veteran-owned business, this team knows the meaning of service. So, just by giving them a call, you’ll be well on your way to reducing your stress—and quickly selling your home.
Get an offer today from a home buying specialist who can make a fair cash offer on your San Diego home and close whenever you need.