Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is a quick collection of some of the questions people ask us, along with our answers. If you still have a question, don’t hesitate to contact us anytime. We would be happy to answer it for you.
Q: What does it mean when investors say they “buy houses for cash”?
A: When investors say they buy houses for cash, it means they have the financial resources to purchase a property outright, without the need for financing from a bank or mortgage lender. This allows for a quicker and more streamlined buying process.
Q: Why do investors prefer to buy houses for cash?
A: Investors often prefer to buy houses for cash because it allows them to make quick purchases, which can be advantageous in competitive real estate markets. Additionally, buying for cash can provide leverage in negotiations and may result in a lower purchase price.
Q: Do I need to make any repairs or improvements to my house before selling to an investor?
A: One of the benefits of selling to a cash buyer is that they typically purchase properties as-is. This means you do not need to make any repairs or improvements to your house before selling. Cash buyers are often willing to purchase properties in any condition.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Boston Agent | SOLD To Gaeta Properties | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: How quickly can I expect to close when selling to a cash buyer?
A: The timeline for closing when selling to a cash buyer can vary depending on the buyer and the specifics of the transaction. However, cash purchases can often be completed more quickly than traditional sales, with some transactions closing in as little as a few days.
Q: Will I receive a fair offer when selling to a cash buyer?
A: Cash buyers aim to provide fair offers based on the current market value of your property and the specifics of your situation. It’s always a good idea to get offers from multiple buyers to ensure you are receiving a fair price for your home.
Q: Are there any fees or commissions when selling to a cash buyer?
A: In most cases, there are no fees or commissions when selling to a cash buyer. Cash buyers typically cover all closing costs, making the selling process more straightforward and transparent for sellers.
Q: Can I sell my house to a cash buyer if it is currently rented out to tenants?
A: Yes, cash buyers are often willing to purchase properties that are currently rented out to tenants. However, it’s important to discuss the specifics of your situation with the buyer to ensure a smooth transition for your tenants.
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: What happens if I have a mortgage on my house? Can I still sell to a cash buyer?
A: Yes, you can still sell your house to a cash buyer if you have a mortgage on the property. The cash buyer, such as Gaeta Properties, will work with you and your lender to arrange for the payoff of your mortgage as part of the closing process. This applies whether you’re in Boston, MA, or elsewhere. If you’re considering this option, contact Gaeta Properties at (781) 258-6976 to discuss your situation and see how they can help.
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
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Get your FREE Guide and then give us a call at (781) 258-6976. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.