One question we get all of the time here at 3D Property Solutions about our local Metro Detroit house buying program is, “Can you buy my house for cash in Metro Detroit or do I have to wait for a buyer to get a bank loan?“.
Great question and totally valid.
95% of all buyers of houses listed with a real estate agent go through the traditional “bank loan” process, which can take from 20-60 days from the time you accept their offer, to actually close on the property.
All the while you’re paying your mortgage payment, the utilities on the house, insurance, and a real estate agent commission at the end.
Keep reading this article to learn about our local “cash for houses in Metro Detroit” program and how we can close on your house in as little as 7 days.
“Can You Buy My House For Cash In Metro Detroit MI?” – How It Works
Here at 3D Property Solutions, we’re a local professional house buying firm.
We buy houses for cash, fix up the property to beautify the house and the neighborhood and find another happy homeowner to buy the house.
The local house sellers we tend to work with usually need to sell their house fast… and the fastest way to sell a house is with a buyer who can pay cash. A cash house buyer helps you avoid having to wait for that buyer to get approved for the loan… and for that loan to work it’s way through the bank underwriting and funding process.
If you’ve ever gotten a loan from a bank to buy a house, you know how long the process can take.
If you don’t have the time to wait that long, that’s where we come in.
We can buy your house for cash, close quickly, and we pay all of the closing costs and fees associated with fixing up the property.
You get a quick, no-hassle sale.
You get cash in your hand on the schedule you need (in as little as 7 days), and we get the chance to help improve the neighborhood by doing any repairs or upgrades the property needs and getting a new home owner into the house as soon as possible.
So, yes…
Pros of selling a house for cash:
- Quick closing: Cash transactions typically close faster than traditional sales, which can be advantageous if you need to sell your house quickly.
- Example: You’re facing foreclosure and need to sell your house within a short timeframe to avoid losing it.
- Certainty of sale: Cash offers are less likely to fall through compared to offers contingent on financing, providing more certainty in the selling process.
- Example: You’ve had multiple deals fall through due to buyers’ inability to secure financing, causing delays and uncertainty.
- No appraisals or mortgage approvals: Cash transactions bypass the need for appraisals or mortgage approvals, streamlining the selling process.
- Example: Your property may not appraise for the desired sale price, leading to renegotiation or cancellation of the deal.
- Avoidance of lender requirements: Selling for cash eliminates lender requirements, such as home inspections or repairs, reducing the seller’s responsibilities.
- Example: Your property requires significant repairs that would deter traditional buyers but are less concerning to cash buyers.
- Lower risk of complications: Cash transactions involve fewer parties and paperwork, reducing the risk of complications or delays in the closing process.
- Example: You’ve experienced delays in previous sales due to extensive paperwork and coordination among multiple parties.
- Greater negotiating power: Cash buyers often have more negotiating power, allowing sellers to potentially secure a higher sale price or favorable terms.
- Example: You’re selling a property in a competitive market where multiple offers are common, and cash offers stand out.
- Minimal closing costs: Cash sales typically involve lower closing costs since there are no lender fees or mortgage-related expenses.
- Example: You’re looking to maximize your proceeds from the sale and minimize expenses associated with closing.
- Flexibility in sale terms: Cash buyers may offer flexible terms, such as rent-back agreements or extended closing periods, accommodating the seller’s needs.
- Example: You need extra time to find a new home before moving out of your current property, and cash buyers are willing to accommodate your timeline.
- Reduced risk of buyer financing issues: Cash transactions eliminate the risk of buyer financing issues, such as loan denials or delays, ensuring a smoother selling process.
- Example: You’ve encountered difficulties in the past due to buyers’ inability to secure financing, leading to canceled contracts and wasted time.
- Privacy and discretion: Cash sales offer greater privacy and discretion since they don’t involve mortgage lenders, reducing the need for public disclosures.
- Example: You prefer to keep details of the sale confidential for personal or financial reasons, and a cash transaction allows for greater discretion.
We Buy Metro Detroit Houses For Cash. Get Your Fair Cash Offer Today.
Give us a try! At 3D Property Solutions we believe in a 100% no-hassle and no-obligation process.
Selling your MI house shouldn’t be tough or stressful.
If you need to sell your house fast and can’t wait the 3-6+ months it can take to sell your house yourself or through an agent, you don’t have anything to lose by seeing what we’ll offer on your house.
Fill out the short form through the link below or give us a call anytime at (248) 949-1224. We’ll get some basic information about your house and within 24 hours will send you a formal written offer. If the offer works for you, we’ll work with a local neutral 3rd party title company to put the sale paperwork together and set a closing date that fits your schedule.
Get the process started below or call (248) 949-1224!