HomeGo reviews are a great way to learn more about a company before making a decision. They can help you understand whether or not the company is worth working with and what kinds of benefits to expect.
Homego is a cash buyer that works in 33 local markets across 21 states, including California. Its website claims to offer a same-day offer and close in as little as seven days. This is a faster, more convenient way to sell your house than traditional real estate sales.
A lot of homeowners use HomeGo to move quickly when they’re facing serious financial problems or need to sell a house fast for another reason. They may have a
tax lien, a foreclosure, or code violations that make it difficult or impossible to sell the house on the open market.
The company typically offers between 50% and 70% of a home’s after-repair value (ARV), which is the estimated fair value after repairs have been made. This offers a lower offer price than other cash buyers, but it’s still much cheaper than selling the home to an iBuyer or using a traditional real estate agent. Must visit https://www.propertyleads.com/real-estate-investor-tips/
According to its website, HomeGo doesn’t use bait-and-switch tactics. Some cash buyers shrink their initial offer as they factor in repair costs, and it’s important to know what kind of price you can expect.
One of the biggest reasons to work with a cash buyer is to get rid of any inspection contingencies that could keep you from selling your house. This is especially important if you’re nervous about a poor home inspection or last-minute buyer remorse.
Other reasons to choose a cash buyer are that they can close on your sale quicker and there’s no risk of financing falling through before closing. These factors are all reasons why many sellers prefer all-cash offers over those that include conventional or FHA loan financing.
You can also find cash buyers that are willing to buy homes in less-than-perfect condition, like tax liens, fines for code violations, or a looming foreclosure. These companies typically pay around 50-70% of a home’s ARV and can close on your sale in a matter of weeks.
The company does not charge any realtor fees or commissions to sellers, so it may be a more affordable option than traditional real estate sales. You should be wary of any company that offers a higher price than another cash buyer, though. Read more https://www.propertyleads.com/what-is-a-double-escrow/
iBuyers are investors who buy houses for cash, and they can close on your home in as little as a few days or up to several months if you need more time. These companies typically pay closer to fair market value than HomeGo and can help you get more cash for your home.
Despite its speed and convenience, HomeGo might not be the best choice for you.
Its offer price is usually low, and its repair costs and ARV estimates aren’t always accurate. You should also be aware that some cash buyers can shrink their initial offers as they factor in repairs, so it’s a good idea to consult with a real estate agent before accepting the offer from HomeGo.