The economy has gotten so bad that most people are doing badly for it. More and more people are getting laid off, which makes it hard for them to keep up with their mortgage payments. The upcoming repossessions and forecloses are things that none is looking forward to. The idea of losing so much after putting in a lot is not appealing to anyone. To salvage whatever they can out of the situation, people are looking to sell. To sell properly; they need to look for direct cash home buyers.
These cash buyer will take the house in exchange for cash and quickly, but not at the current market value rate. When you think of how long it would take to sell in this market, you will see the sense of agreeing to their terms. They will have given you a way to pay you debts and to start on a new leaf. They will make a point of visiting the house, after which you will be presented with an offer. Typically, they do not take long to come up with an offer. They normally like to do a deal to its completion in a short period. This works out well for anyone who was in dire need of the cash.
You need to identify a suitable investor to work with when it comes to this. Check how reputable they are in the industry, so that the sale remains above board. After a client accepts their offer, they go ahead with the paperwork, and do so quite fast. This is why most people like their services. They only need an average of a week to have the sale complete. This means you need to have a plan of where you will be going, since they will have possession of the house shortly.
As you are deliberating on which one to work with, you need to check on their previous clients, to see what they have to say about their services. A close relative or family member who has sold to one such investor in the past will be a great source of information as well as a referral. Normally, they buy the house in its present condition, and with all the appliances intact. There are those that can let you take a few things after you have negotiated over them. The good thing with their method of trading is that there are no middlemen, meaning you do not have to pay anyone any commissions. Those usually eat into the final figure a seller receives for their house.