How to request a cash offer in Folsom
For a hassle-free way to get a cash offer on your home, consider HomeLight’s Simple Sale platform. Simple Sale connects you directly with the nation’s largest network of pre-approved and vetted investors.
By answering a few quick questions about your property, you can receive a no-obligation cash offer in as few as 24 hours. If you choose to move forward, the sale can close in as little as 10 days, with the flexibility to move out up to 30 days after closing. No repairs, staging, or open houses are required.
While cash offers are typically lower than open-market sales, traditional transactions often involve costs totaling 9% to 10% of the sale price. Depending on your needs, selling for cash could provide better overall value in the long run.
How much are Folsom cash home buyers willing to pay?
Home-buying companies and cash investors strive to purchase properties below market value. In exchange, they provide sellers with a faster, more convenient transaction. For example, property flippers use the 70% rule, meaning they pay up to 70% of a home’s after-repair value (ARV), including repair and renovation costs.
Currently, the Folsom housing market is experiencing a slight shift, with median sales prices decreasing while home sales and days on the market have increased. Despite these changes, the market remains highly competitive, which may lead to stronger cash offers.
In a hot market, cash offers can reach 80% to 85% of a property’s ARV due to increased demand. Conversely, in a slower market, cash offers tend to be lower.
