It’s not easy moving to a new address, especially with the work and patience needed to sell your old house. Working with an agent, talking to potential buyers and welcoming strangers into your home can be such a load to bear, physically and especially mentally. If you want none of that, there are cash buyers at your disposal.
Selling a house for cash is fairly quick and easy, and that is why more and more people prefer it over the traditional process. If you’re strapped for time, no other option may work better, but there are a lot of other advantages that you can look forward to, including:
No Agent Commissions and Closing Fees
If you sell your home to a cash buyer, you will not any closing fees or realtor commissions, which are normal in a traditional sale. In other words, all of the proceeds of this sale will go straight to your bank account, alone.
The process itself of selling your home for cash is way faster compared to the traditional route. There’s no need to wait around for someone to come along and show interest. No anxieties over whether or not you potential buyer will get his loan from a bank or mortgage provider. When you sell for cash, you’ll probably have your money within a few days after agreeing with the buyer on a price.
No Falling Through
If you’ve experienced selling a house, you know how frustrating it can be to have a buyer who falls through at the last minute. There could be many reasons – their loan application was rejected, they’re considering another property, they changed their mind about buying a new house, and so on. As long as you’re dealing with a reputable cash home buyer and you have disclosed everything they must know about your house, there will be no backing out.
No Need for Repairs
Selling to a cash home buyer requires no repairs or renovation because all of that will be up to the buyer. When selling a home for cash, the “as is” rule applies: no matter your home’s current condition, the buyer will take it. If you’re in a hurry or you don’t have the money to improve your home, selling it for cash could be your best move.
But as with any business, cash home-buying is not totally scam-free. If somebody wants you to make an upfront payment for anything, or if they’re always talking to you through email but never in person, or if they say they don’t have to personally check out your home before purchasing it, be very concerned. Researching the background of a potential buyer is always the first thing to do before moving forward with a deal.
If You Think You Get Resources, Then This Might Change Your Mind
Tips – Getting Started & Next Steps