What is a Guaranteed Offer Program?
If you have been looking into selling your home, you may have seen some advertisements claiming “Get a Cash Offer on Your Home”, or “We Buy Homes As Is”. Sounds too good to be true right? Well, we are here to give you the scoop on what these programs are, who they were created for, and when it may actually be your best option.
What is a Guaranteed Offer Program?
A Guaranteed Offer program is when a company comes in and offers a homeowner a cash offer on their home. These types of programs are an alternative to fixing up, painting, and preparing homes for the traditional home selling process. With a Guaranteed Offer program, homeowners are able to provide information about their home online, receive an initial offer, and schedule an inspection all within 24-72 hours. After an inspection, a final offer is presented. If the homeowner accepts the offer, they typically get to choose their closing date that best fits their timeline and schedule. Some closing periods can be as short as 21 days.
Sounds great right?
The one major downside to Guaranteed Sale programs is homeowners will typically profit 10-20% less than if they chose to list their home the traditional way. The tradeoff is the homeowner does not have to do the work associated with getting their home prepared to list, deal with flaky buyers, or have to commit to an inconvenient closing date (say hello to finding your dream home and being stuck with two mortgages until your old home sells.)
This is a major reason why these programs were created.
Who Benefits from a Guaranteed Offer Program?
When working with the right guaranteed offer company, the homeowner should be the one who benefits the most. In our area specifically, there are a lot of companies who see this as an opportunity to make a profit at the homeowner’s expense. They do this by offering extremely low cash offers with quick closing dates to entice homeowners to take the cash and walkway.
This is one of the main reasons we created Ask Cathy Offers.
We wanted to create a program that benefited the homeowners in our community by giving them the flexibility and peace of mind to move on from their current home.
How to Know When it is the Best Option for You
Something we take pride in at Ask Cathy Marketing Group is our commitment to doing what is best for our buyers and sellers, even when it won’t make us the most money. When considering a guaranteed offer program for the sale of your home, it is important to weigh the pros and cons of a guaranteed offer vs the traditional sale of your home. We realize most people are going to be concerned about the financial aspect of a home sale, but it is important to note the physical and emotional aspects as well. Selling a home can be a long and stressful process and it is important to sit down and map out the option that makes the most sense for you.
With each Ask Cathy Offer request, we sit down with you to discuss your home, our offer, and what your goals are through the sale of their home. From there, we lay out all of your options and help you identify the choice that makes the most sense for you and your family.
You may be a great candidate for an Ask Cathy Offer if you:
- Don’t want to deal with the hassle and stress of painting, repairing, and getting your home ready to sell.
- Found your dream home and cannot purchase it without the quick sale of your current home
- The stress of dealing with last-minute showings and flakey buyers is just TOO MUCH to handle.
- You want to hit the easy button on selling your home.
Ready to receive a no-obligation offer on your home? Click the link below.