When it comes time to sell your house, you have several options. You can use a realtor or do a for-sale-by-owner. However, both of these options involve spending a lot of time and money prepping your house for the market.
But what if you don’t have time, money, or either? What if you need to sell your house as quickly as possible?
Fortunately, there is another, selling a home for cash to a cash home buyer. Though you may have mixed feelings about this option, there are a lot of benefits of taking this route.
We’re here to tell you all about them. Keep reading for the top benefits of selling a home for cash.
Save Time
Selling a home traditionally takes time. For example, you need to schedule appointments with both a home inspector and a home appraiser. Both of these professionals tend to have waiting lists of at least a couple of weeks.
Once the home inspection is complete, it may uncover damages and other issues that demand repairs. These repairs can take weeks to months, depending on their severity.
When you decide to sell a home fast for cash, you can avoid appraisals, inspections, repairs, and renovations. The cash home buyer will give you an offer for your home as-is.
Save Money
As noted above, selling a home traditionally can also be expensive. First, if you choose to make the necessary repairs and renovations, it can cost thousands of dollars. While you will be able to ask more for your home with those renovations completed, it’s unlikely that you’ll get a full return on your investment.
Furthermore, each real estate agent usually charges 3% of your total sale and the seller typically pays both realtor fees. If you sold your home for $250,000, you would be spending $15,000 in realtor fees.
When selling a home for cash, you can skip expensive repairs, updates, and real estate services.
Solve Complicated Problems
Sometimes, people must learn how to sell a home for cash because they need a solution to their problems. Selling a house quickly might be a solution if the homeowner is:
- Moving out of town for a different job offer or promotion
- Going through a divorce and trying to liquidate their assets
- Struggling financially and facing foreclosure on the home
- And more
If you’re in a bind and want to sell a home for cash, learn more about your options with cash home buyers.
Avoid Stress
Finally, selling a home as-is for cash is significantly less stressful than selling a home traditionally. Aside from avoiding the costs, repairs, and time-intensive issues listed above, you can also avoid showing your home for weeks on end waiting for a legitimate offer.
This also means bypassing negotiations with buyers, which can be frustrating and time-consuming. Even after an offer is agreed upon, you must still wait for the closing process to be completed.
During this one to two-month period, the buyer can fall out for any number of reasons. They might change their mind, have financial issues, or have something come up in the underwriting process that disqualifies them.
Are You Thinking About Selling a Home for Cash?
As you can see, there are a lot of reasons to consider selling a home for cash. Is it the right option for you? Only you and your circumstances have the answer to that question.
But if you’re looking for more homeownership advice or house selling tips, be sure to check out some of our other articles while you’re here. Our blog is full of valuable information for people like you.
