Cash for Houses Companies in Sacramento are not all the same. They Need to Provide Proof of Funds
If you want to sell your House or unwanted property in the Sacramento Real Estate Market it’s important that you do your homework. If you want to sell that house for cash and close quickly it is important that you find a “we Buy Houses Company” in Sacramento that can perform.
Likewise, if you want to be a successful Real Estate Investor or Cash home buyer in Sacramento you better be able to close the transaction, because in the end and at the closing table, reputation and cash in hand does matter.
All too often, Homeowners and Cash For Houses Companies in Sacramento get ahead of themselves and forget that performance means being able to write the check for closing and sometimes that is a delicate balancing act that can cost you time, your reputation, money or worse all three.
We have all seen the signs and advertisements that say “We Buy Houses Sacramento” or “ Cash for Houses Sacramento” “Need to sell Your House fast Sacramento”, but the real question is can they finish what they started? This is probably the single most important question that a homeowner should ask prior to signing any Purchase and Sales Agreement with any Cash for Houses Company in Sacramento.
But is asking enough? We say don’t just ask, tell them to prove it with Proof of Funds!
Does this mean that Cash Home Buyers in the Sacramento Real Estate Market cannot be trusted? The answer is Not at all, because there are several that can be trusted, but just because you are seeking to sell your house to a Private Party does not meant that you don’t have to do your homework or that you can’t ask them to prove to you that they can actually buy your house. If you want to sell your house fast especially in today’s Sacramento Real Estate Market, just say “Show me the Money!”
As a Homeowner you have to be realistic, Investors are cash house buyers and just like Realtors have all gotten into situations where they over commit to time frames and for successful Real Estate Investors in Sacramento it does come down to timing and to be able to perform.
As Cash Home Buyers, we make offers on a lot of properties and we don’t have a crystal ball to let us know which ones will be accepted at any given time. In my experience if I make 30 offers I know that one or two of them is going to be accepted within the first 30 days. As such I need to plan my cash flow accordingly and be ready for that third or fourth offer to pop up unexpectedly as accepted at the worst possible time.
Being prepared means that as an Investor you need to have at least 2 tools in your financial bag to perform; 1) multiple sources of lines of credit, 2) Multiple Sources of investment dollars to be able to close quickly or unexpectedly and 3) knowing the multiple exit strategies for the properties that you buy because it creates flexibility in your ability to fund the transaction.
Without these financial components, Real Estate Investors cannot look a seller in the eye and say for certain that they can close their transaction on any given day. Sound scary? It isn’t meant to be because there are plenty of Real Estate Investors in Sacramento that can perform. We are just saying that there are just too many variables and we all know that we can’t buy every property that comes across our plate. So as a Homeowner ask your Cash Home Buyer Investors the Hard questions. Ask them for proof of Funds and references. Don’t let their calling card be the only credential that they need to carry. MAKE THEM BACK IT UP WITH EVIDENCE!
So why do Homeowners just assume that an Investor will perform without providing any evidence that they can do so? Why is it that one out of every 100 homeowners I talk to will even ask me how I can guarantee to them that I will be able to buy their house? Seems silly, but its True! 99% of Homeowners will NOT ask that question and they should.
Sacramento Cash For Houses Companies Need to Provide Proof of Funds
If you are a Homeowner in the Sacramento Real Estate market and you want to sell your house quickly to any cash home buyer ask for two things to insure their ability to close. 1) Proof of Funds and 2) References
Proof of Funds:
Any Real Estate Investor in Sacramento should be able to provide you with a letter from a financial institution that guarantees a source of available funds. If they can’t provide that or a bank statement don’t consider selling your house to them PERIOD.
All Real Estate Investors or cash home buyers should be able to come up with one or two references including Title Companies that they have successfully worked with to close their purchases. If they cannot or will not provide them then find another investor to buy your house. Heck Call Me at 209-481-7780. I’ll Provide whatever you want.
While selling a house in Sacramento or any other Real Estate Market is not rocket science, it does come down to being able to hold your Investors feet to the fire. Ask the hard questions so that you know what to expect when the date of closing arrives.
Tell them to Show you the Money!
If you have an unwanted House in the Stockton, Sacramento, Manteca or Modesto Real Estate markets and you want to sell it fast and get a cash offer, Call Westbrook Real Estate Investments at (209)481-7780 and Peter Westbrook will talk to you personally.