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How to get an instant cash offer for your house - AOL
The company may also offer you a cash advance of up to $10,000. Fees: No fees or closing costs for sellers (they’re paid by buyers) Locations served: Metro areas throughout California and Texas
The term ‘instant’ refers to the fact that this type of business aims to provide a faster cash offer on a property than traditional real estate brokers. Valuation of the property takes place online and is an instantaneous or near-instantaneous process which makes use of machine learning and AI technologies.
A homebuyer who makes a cash offer intends to pay in full, with no mortgage or other type of financing. Cash deals are more appealing to sellers than financed deals, because they close faster and ...
Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [2]
The term “cash offer” is typically applied to contracts in which both of these contingencies do not appear. Cash offers are common in markets like Denver, Colorado, [1] Seattle, Los Angeles, and are compounded by the limited supply of homes. Cash offers account for over 28% of all home sales as of 2018 according to The Wall Street Journal. [2]
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