When looking to sell your house fast for cash, there’s a huge amount of Real Estate Investors in the market that claim to offer you a quick cash sale.
And while a lot of these Investors are legit, there’s a lot of wannabes that don’t know what they’re doing and make the process painful (even though it should be super quick and easy) when it doesn’t have to be.
What’s worse, they can sometimes use shady practices that further damage the quick and easy sales process which makes it slow, painful, and disappointing.
But luckily, there are Investors out there that care about their Sellers and in today’s article, we’ll talk about a company that we rate among (if not) the best.
Enter Fast Cash Offer – and in today’s article, we’ll be reviewing their company. We’ll talk about who FCO is, how FCO works, when you should choose a cash buyer like FastCashOffer, and a bit about the difference between selling your house using a cash buyer like FCO vs. a traditional sale (with a Realtor or FSBO).
So keep reading if you want to know more about the best place to sell your house fast for cash in Riverside County.
They are currently buying homes in Riverside county cities like Moreno Valley, Beaumont, Riverside, Hemet, Menifee, Murrieta, Temecula, Perris, Canyon Lake, Palm Desert, Palm Springs, Indio, and other cities.
If you are looking to get a quick no obligation cash offer for your house then you can contact Fast Cash Offer.
Fast Cash Offer is a Real Estate Investment firm that helps homeowners who are looking for a quick cash sale exactly that. Fast Cash Offer focuses on homeowners that are looking to sell their outdated and/or distressed properties quickly and easily.
The great thing about Fast Cash Offer is that when they provide you an offer for your property, they follow through. Like I mentioned before, there’s a lot of wannabe Real Estate Investors in the market. These people provide you with an offer on your home with no intention of purchasing the property.
When you receive your no obligation offer from FCO, know that the offer is legit and they can close escrow in as little as 7 days.
Keeping things simple is the mantra that Fast Cash Offer lives by. Selling your house fast doesn’t need to be difficult. Unlike their competitors, FCO prides itself on not only keeping the process simple, but also holding your hand throughout the whole thing.
When you sell your house, there’s going to be some paperwork involved. Fast Cash Offer’s team of professional Transaction Coordinators make sure that the process runs smoothly on all sides.
The bottom line is that if you’re trying to sell your Riverside County house fast, you can’t go wrong with Fast Cash Offer.
Typically the words “selling my house” and “fast” aren’t used in the same sentence. Generally, the process of selling a house is a long drawn out one.
From signing a 50 page contract with a Realtor that has a bunch of unnecessary jumbo you don’t understand, to making repairs, cleaning, and prepping your property for the upcoming showings, to between 10 and 20 showings and disruptions to your family, numerous appraisers bothering you all the time, to getting through that painful process just to find out that your buyer doesn’t even qualify for the mortgage…
Talk about a waste of time.
If that doesn’t sound like your type of party, then Fast Cash Offer is a Real Estate Cash Buyer that you definitely want to consider.
The first step when working with Fast Cash Offer is to submit your property information. In order to understand you, your situation, and your property – FCO asks for your address, contact information, and a little bit about your property.
Once you submit that information, a Fast Cash Offer will reach out to you through phone to get to know you a little better.
On this consultation, your Acquisitions Specialist’s goal is to understand your situation so that they can say that you and your property qualify for a quick cash offer.
Should your property qualify for a quick cash offer, the FCO team will run the numbers and provide you with your exclusive cash offer. Fast Cash Offer always explains how they arrived at their offer number instead of just sending you an offer and waiting for an answer.
As a matter of fact, because of the unethical nature of some of the competition in the market, Fast Cash Offer makes it extremely clear on their buying process. In a nutshell, FastCashOffer factors in the property’s ARV (after repair value) which is a fancy way of saying what your home is actually worth if it was completely renovated.
After they figure that number (based on comparable houses near your house) their expert team figures what the actual repair number will be for your property.
Now that they have those two numbers, they’re able to confidently and accurately provide you with the absolute highest offer possible.
The whole process is very transparent and anybody can replicate their thought process with simple math.
Once the Fast Cash Offer team calculates the numbers they will provide you with your exclusive “sell my house fast for cash” offer. Because of the unpredictable nature of Real Estate and property valuation constantly changing, you have three days from the formal written offer to accept it.
Should you not accept it (which you have no obligation to), the team will just consider it declined.
Although if you decide that you want to accept the offer (which most people do), then the next steps would be to sign the contract Purchase Agreement.
After the Purchase Agreement is signed your Fast Cash Offer Transaction Coordinator will open escrow and make sure things continue moving forward by keeping in contact with everybody.
That means the escrow officer, the title company, and you.
Sometimes during the title search, things come up like code violations, property liens, etc – which your Transactions Coordinator will handle to make sure your deed is conveyable.
This is a huge benefit of selling your Riverside property fast for cash with Fast Cash Offer. Other Real Estate Investors simply don’t take the time and don’t care enough to hold your hand and make sure the process is a smooth one.
After this process (which is done in as little as 7 days), escrow is closed and they provide the new deed to Fast Cash Offer while sending you a wire transfer with your cash.
Did you ever think that selling your house fast would be as easy as that?
Not every situation is one where it’s the smartest choice to sell your house fast and get cash. FCO makes it clear that their mission is to, “help relieve the burden that homeowners face by buying their distressed and/or outdated house fast for cash”.
But what if your house isn’t distressed or outdated? Is using a cash buyer to sell your property still your best option?
The answer is – it depends.
You have to ask yourself what’s more important to you. Do you want a quick and easy sale or do you want to potentially receive *a little bit* more money?
The reason I highlight “a little bit” is because homeowners think that traditional sales yield them a higher sales price on their property.
And on the surface, they’re right. But when you look deeper, there’s a lot of associated costs with selling your house using a traditional sale. So aside from the delay in actually getting to close of escrow and getting paid, the gross sale price of the house is a lot higher than the wire you’d actually receive.
The typical “traditional sale” of Real Estate in California generally costs (on average) $36,656 all the way up to $133,967.
Obviously that’s a big spread, but here’s the facts – when you sell your house normally with a Realtor here’s some of the associated costs:
- Fees & Commissions – $30,000 – $45,000+
- Repairs – $200 – $50,000+
- Sale Prep – $200 – $9,895+
- Closing Costs – $5,519 – $23,310+
- Relocation Expenses – $737 – $5,762+
These costs add up to the average that I mentioned above. So if you really think about it, are you really making a lot more money through a traditional sale vs selling to a cash buyer like Fast Cash Offer?
The answer is probably not.
But, as with everything in life – There’s multiple ways to get to the same place. The most important thing is for you as the Seller to do your due-diligence. Once you sign the contract, you are locked in.
Below are some of the most common reasons homeowners sell their house fast to Fast Cash Offer:
You never know when a financial problem will hit. If this circumstance is something you’ve experienced in the past or are experiencing now, then Fast Cash Offer can definitely help you. FCO takes seriously the magnitude of helping homeowners in financial situations.
When you choose a quick cash solution to selling your house you can save yourself from credit damage, fully defaulting with your lender, a foreclosure on your record (that makes home ownership in the future very difficult), public embarrassment, and many more serious problems.
Sometimes your house needs more repairs than you want to pay for. Especially if you don’t have enough money to pay for them.
Fast Cash Offer buys property as-is, which means you don’t need to pay for any repairs.
You might think your house is too broken down for FCO, but they buy houses with water and fire damage, damaged roofs, termites and pest infestation, and other costly situations that make things difficult.
Being a landlord is tiring. Especially if you’re the property owner and manager. A lot of people that own rental properties use a property management. I was surprised at just how many people sell their homes to Fast Cash Offer that are simply just tired of being a landlord.
Jobs can be unpredictable. Sometimes you’re forced to relocate and now you have a property that you can’t afford and don’t want to think about.
Quick cash sales not only remove that mental burden, but they put money in your pocket so that you can move on happily without having to worry about squatters, damages, and paying property taxes on a house you aren’t living in.
And remember, if you are relocating, odds are you don’t want to become a tired landlord and have to manage (from afar) tenants that treat your property like garbage and don’t pay their rent on time.
With the economy the way it is, what might have seemed like a steady income a year ago might be a path to the unemployment office.
If this happened to you, then you might be in a situation where you can no longer fulfill your financial obligations to your mortgage lender.
Instead of letting a bad situation get worse, you can save yourself, your credit, and your peace of mind by selling your house fast without the hassle of a traditional sale.
A lot of people inherit property from a loved one that might not be able to afford it or don’t want to deal with it.
Because of this, a quick cash sale is a great way to make some money and get paid fast.
No need for any kind of long drawn out sales process, a cash buyer will make your life easier and get you the relief you need from owning a property you didn’t want to own.
What’s The Difference Between Selling Your House To A Cash Buyer Like Fast Cash Offer Vs A Traditional Sale?
There are some major differences when it comes to using a Realtor to sell your home vs selling it quickly for cash to a Real Estate Investor.
Like we talked about, Realtors and the traditional sales process is not a quick one.
There’s a lot of legal stuff to work through and before you get to that you have to shell out thousands for repair costs in order to get it into selling condition.
After you do all that (which takes months) you’re ready for numerous showings and disruptions.
But should you get through all of that, and you actually get an offer on your house in the face of the astronomically high interest rates, your buyer still has to jump through the hoops of getting approved for a mortgage (which by the way is very difficult and takes time).
As a matter of fact, as of this writing it is the absolute WORST time to buy a house by getting a mortgage and going the traditional route.
Which means for you even more delay.
Now take all of that and compare it to a quick cash sale. Talk to Fast Cash Offer, get yourself the offer, accept that offer, and close escrow to get paid.
Simple and easy!
Remember how we talked about the gross sale price of your house vs what you actually get to keep?
Realtor fees and commissions are expensive. Typically they are around 6-7% of the total sale price of the house.
Using a Cash Buyer like FastCashOffer you don’t have to shell out any money to Realtors because you’re working directly with the buyer.
Selling the traditional route means paying a hefty amount of closing costs. The good thing about the Fast Cash Offer Cash Offer program is that they pay all the closing costs. This means title insurance, warranty deed costs, escrow and everything else associated with the sale.
The only thing that they do not pay is anything to get the title clear and conveyable OR previous property taxes.
Don’t think or worry about repairs. When selling fast for cash you sell your house as-is.
No life disruptions, no cleaning up for showings, and no having to leave during an open house.
Want to close in 7 days? Great, FCO can do that. Need some time. FCO can do that also. You can choose your closing date when you sell for cash your house.
Fast Cash Offer can close in as little as 7 days. We have funds ready to go and get escrow closed and get you paid.
Yes, FCO buys houses in as-is condition. Our Transactions Coordinating team will work with the city or state to get your title clear and conveyable.
Of course. Fast Cash Offer buys houses in foreclosure.
While we said that selling your house to a cash buyer isn’t for everybody, Fast Cash Offer is definitely a great option to explore. Not only do they provide market high cash offers, they can close in less than 7 days getting you paid fast and relieving the burden you want to get rid of.