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Yes, you can sell your house fast for cash with cash companies and iBuyers in Maine. These companies offer upfront cash and close the deal within just 7 to 14 days. However, most companies only offer up to 80% of your home’s fair market value.
Cash home sales can be especially beneficial while selling distressed properties as it can save you thousands of dollars in repair costs. If you still want a shot at the full value, list your house on the MLS.
A cash marketplace on the MLS will get you maximum exposure and multiple offers from cash buyers. There are several cash companies in the State to select from. Let’s look at how you can sell your home fast for cash in Maine.
How To Sell My Home Fast For Cash in Maine?
There are four ways to sell your house fast for cash in Maine:
- “We Buy Houses for Cash” Companies: These companies are local investors or firms that buy distressed properties. However, they only offer 30% to 70% of your home’s fair market value. This is because they deduct the repair costs from the total value. After they repair the home, they sell it on the open market.
- iBuyers: They have a detailed algorithm that analyzes market data and determines a cash offer on the house. The process is transparent with a faster closing time. They offer 70% to 80% of the fair market value for your house.
- Buy-and-Hold Cash Buyers: These are investors who buy distressed properties and renovate them. After a substantial makeover of the homes, they turn them into rental properties for long-term income.
- Home Trade-In Services: These companies aren’t exactly cash home buyers. They buy your current home for cash, which they allow you to use for a down payment on your next home. This helps you move into a new home before the sale. They typically handle the sale of the old home afterward. However, they charge service fees and may offer a slightly lower price.
When Would Selling For Cash Make Sense?
Here are a few situations when you should consider selling your house for cash:
- Job Relocation: If your job requires you to move to a different location, a cash sale can be convenient. Selling for cash can eliminate the traditional long wait.
- Inherited Properties: You can sell your house for cash if you inherit the property, but don’t want to pay for repairs. Many cash buyer companies buy a property and conduct repairs themselves.
- Financial Difficulty: You can sell your home for cash if you are facing foreclosure or need quick cash to pay bills. Though you will probably not receive the full value, cash from this transaction can help you tide over immediate financial hardship.
3 Best Companies That Buy Houses For Cash In Maine
Here are 3 best companies that buy houses for cash in Maine:
1. We Buy Houses
We Buy Houses is a cash buyer company that buys houses as-is. They don’t charge any agent commissions or fees, and provide an initial cash offer within two days. They will also close the deal in 7 days once you accept their offer.
They typically offer only 50% to 70% of your home’s fair market value. Since they work as a franchise model, their quality of service might differ. So, check the reviews of their local franchise before you accept the offer.
2. Houzeo
Houzeo is Maine’s top cash home buyer marketplace. With Houzeo, your home is listed as-is and is made visible to multiple local and national buyers and investors. Hence, you might receive multiple offers for your home. This will give you the upper hand to negotiate a selling price closer to what you seek.
They also offer a number of flat-fee plans to choose from, while selling a house. These plans allow you access to different levels of benefits, technology, and services from the company.
3. House Cashin
House Cashin is a cash-for-home company. It is an online platform that connects home sellers with buyers or investors and allows you to receive up to 5 offers.
Not only can you sell your house as-is, but they also offer services across all states. House Cashin will close the deal in 3 to 30 days once you receive their offer.
Should You Sell A House For Cash in Maine?
Selling your house for cash in Maine can be fast and hassle-free. But you should do a thorough research of the companies before you begin the process. Look for companies that offer a price closer to your home’s fair market value. Explore local companies that specialize in cash purchases to ensure a smooth and efficient transaction. You need to be very thorough with your preparation and knowledge of these companies to not incur any losses when you sell your home.
