FAQ

Frequently Asked Questions About Cash Home Sales

Hello and welcome to our FAQ page. Here you can find answers to frequently asked questions about cash home sales. Keep in mind that these answers are designed for general questions and may or may not apply directly to your situation.

We invite you to contact M&G Property Brothers, tell us about your property and your situation, and let us help you sell your house as-is for cash in a way that benefits you best. We can also answer any questions you have about our home-buying process.

WHAT IS CASH HOME SALES?

A cash home sale is a real estate transaction where we buy your house outright, without needing a mortgage or other financing. This type of sale is typically faster and less complicated than a traditional sale. At M&G Property Brothers, we use our funds and resources to buy homes directly from sellers, streamlining the entire process.

CAN I SELL ANY TYPE OF HOME FOR CASH?

We buy all types of residential properties for cash, including condos, townhouses, single-family homes, multi-family properties, and even distressed properties. Regardless of your home's condition or style, we're ready to assess its value and make a fair cash offer.

HOW QUICKLY CAN YOU CLOSE ON A CASH HOME SALE?

A significant benefit of cash home sales is that you get an offer fast and close fast. We can often close a sale within a week, although the timeline can vary based on the specifics of the transaction. This is significantly faster than traditional sales, which can take 30-60 days due to the time required for loan approval and other procedural steps.

DO I NEED TO MAKE REPAIRS BEFORE SELLING MY HOME FOR CASH?

No. One of the advantages of selling your home for cash with M&G Property Brothers is that we buy properties as-is. You don't need to invest time and money in repairs or improvements before the sale. We assess your home's value in its current condition and make a fair offer based on that assessment.

ARE THERE TAXES ON A CASH HOME SALE?

The tax implications of a home sale depend on various factors, including how long you've owned the home and whether it's your primary residence. Capital gains tax may apply if your home's sale price exceeds its purchase price. However, there are exclusions available for primary residences under certain conditions. Consult with a tax professional for advice specific to your situation.

WHAT DOES THE PROCESS OF A CASH HOME SALE LOOK LIKE?

First, we assess your property and make a cash offer. If you accept the offer, we'll draw up a contract and set a closing date. At closing, we pay you the agreed-upon amount, and you transfer ownership of the property to us. The entire process is designed to be as simple and stress-free as possible for you.

DO I NEED A REAL ESTATE AGENT FOR A CASH HOME SALE?

No. A real estate agent is not necessary for a cash home sale. We work directly with you, eliminating the need for an agent and associated commissions.

WILL I RECEIVE LESS MONEY FOR A CASH HOME SALE?

We pay less than market value for a home because we take on the costs and risks associated with repairs, improvements, and reselling the home. However, the savings in realtor fees, closing costs, and repair expenses can offset this lower offer. Our buyers make fair cash offers without lowballing you or taking advantage of your situation.

CAN I NEGOTIATE WITH THE BUYER ON A CASH HOME SALE?

Yes. Just like in a traditional sale, you can negotiate the price in a cash home sale. We offer a fair price, but we understand that selling a home is a significant decision, and we're open to discussions to reach an agreement that suits all parties.

WHAT HAPPENS IF MY HOUSE DOESN'T APPRAISE FOR THE AGREED-UPON SALES PRICE?

In a traditional sale, a low appraisal can impact the mortgage approval and potentially derail the sale. However, in a cash sale, there is more flexibility. As cash buyers, we don't rely on appraisals to secure financing, allowing us to proceed with the agreed-upon sale price even if the appraisal comes in lower.

(269) 386-6233

M&G Property Brothers

Frequently Asked Questions About Cash Home Sales

M&G Property Brothers

We want to buy your home,
sell your house fast today!

(269) 386-6233

FAQ

Frequently Asked Questions About Cash Home Sales

M&G Property Brothers

We want to buy your home,sell your house fast today!

We want to buy your home,
sell your house fast today!