I Want to Sell My House for Cash: Is Appraisal Necessary?

I Want to Sell My House for Cash: Is Appraisal Necessary?

Most real estate experts emphasize pricing your property right to grab good deals. How would you find out its market value? The simple answer is a home appraisal. 

It is a process by a professional to estimate the fair, current value of your house. Both buyer and seller should be familiar with the actual market price. 

Most people ask whether the appraisal is necessary or not to sell a house. At Detroit Cash For Homes, we would like to clear this doubt that home appraisals are not legally required. We buy houses in Detroit as-is without repairs and renovations, appraisals, staging, and listing. If you take a traditional route, your buyer may ask you to go through these processes. In some cases, you have to face multiple home appraisals. As a result, it delays the process and adds to the expenses. 

Are you wondering how to sell my house fast in Detroit? If yes, Detroit Cash For Homes is your ideal option. 

  • How to sell a house without appraisals?

As we mentioned already, home appraisals are not essential. They help buyers and sellers to know the fair value of the properties. If your buyer is willing and has the necessary funds, you do not have to undergo this process. 

Besides determining the market price, the buyer requires an appraisal to apply for a mortgage loan. After all, banks and lenders need proof to sanction the loan. Appraisals apply to buyers who do not have the cash to make the payment. No matter if your cash home buyer claims to offer instant cash, it is crucial to ask for proof of funds before signing an agreement. 

Detroit Cash For Homes is a team of real estate investors who make a fair cash offer and close fast. Instead of hiring a professional, we evaluate the property on our own. Depending on this, we make a cash offer within 24 hours after consultation. We buy houses in Metro, Detroit in any condition. On average, our professionals close the deal in one week. 

If you do not want us to visit your place because of the pandemic, we can make an offer over the phone using videos or video calls. Also, you get to pick your closing date. Did we mention our staff will take care of documentation, home improvements, inspections, etc.? 

In closing 

At Detroit Cash For Homes, we have been purchasing properties without appraisals over the last 30 years. Thus, our clients sell their houses faster and hassle-free. Plus, we never ask sellers to pay commissions, closings costs, and other fees. 

If you want to sell your Detroit Home fast without appraisals and listing, approach Detroit Cash For Homes. We offer free, no-obligation consultations to all!