When I first heard of companies that buy homes for cash, I didn’t pay much attention.
It seemed like some type of scam.
It was nothing that interested me. I assumed that a cash buyer would offer significantly less than what could be brought in via a conventional sale. I couldn’t think of a scenario where I’d be willing to accept a lower price for my home. I changed my mind when a tree fell on my house. The tree was extremely old and large. I had not realized it was also dead. During a thunderstorm, we experienced some higher than average wind speeds. I wasn’t all that worried. Living in Phoenix, Arizona, we don’t see hurricanes or major weather threats. It was a very scary and unpleasant surprise when that tree toppled onto the roof of the house. My family was very fortunate that no one was hurt. However, the house suffered significant damage. The roof was completely destroyed. The ceilings, walls and frame of the house were compromised. We had broken windows and because of the rain, water damage. Dirt, debris and pests came inside. I reached out to the insurance company and was not happy with the results. I was looking at paying the repairs out-of-pocket. Restoring the house would have been a huge strain on the budget. I also couldn’t sell the house through a realtor in its condition. I decided to learn more about the local cash buyers. I was able to secure an estimate in a single day by simply submitting an online form. The cash offer was far more reasonable than I anticipated. It also eliminated the contingencies of a bank mortgage, such as inspections and appraisals. The entire process took less than ten days.