Most people selling their homes have better things to do than wait months on end for the sale to go through. Unfortunately, if you’re selling your house traditionally, this is unavoidable. Even if your home sells the first day it’s on the market, it can still take six weeks or longer to close.
During that time, the sale can fall through for any number of reasons. More importantly, not every homeowner has the time or money for the traditional house selling process. What if you need to sell your house now?
Have you considered selling your house for cash? If you need to sell your house fast and want to avoid all the ups, downs, and hurdles of the traditional method, selling to a cash home buyer is your best option.
Keep reading to find out more about all of the rewarding benefits of accepting a cash offer from cash home buyers.
You Don’t Need a Realtor
When selling your house for cash, you don’t need to spend the time and money hiring a realtor or real estate agent. While real estate agents can prove valuable when selling a house traditionally, they aren’t required when working with a cash home buyer.
Many homeowners find this beneficial, as realtors generally charge a 3% commission rate. They will take 3% of your home’s final sale price for their cut. Selling your home to cash buyers such as Fair Cash Deal and similar companies means you’ll get all the money to yourself.
Furthermore, the house seller often pays both realtor fees. You could end up paying 3% for your realtor plus 3% for the buyer’s realtor. If your house sells for $275,000, that’s nearly $17,000 in realtor fees.
Skip the Fees
Home selling can come with various fees, which can be unavoidable in the traditional process of listing a home. Whereas, when you sell to cash buyers, you get to avoid lender and mortgage fees. This is so because cash buyers don’t need financing as they’re not borrowing money. This doesn’t just save money but also helps save time in waiting for documents to be prepared or to have fees confirmed.
Cash home buyers usually do so to profit. They buy homes in various conditions for cash and do the necessary repairs and upgrades to sell the home for a higher price. It’s a win-win for both the homeowners looking to sell their homes fast and to the cash home buyer.
There’s No Need for Appraisals and Inspections
Selling your house for cash can also save you hundreds of dollars in appraisal and inspection fees. The traditional house selling process typically requires an appraisal from the bank to determine the home’s value (which is always subjective). Subjective or not, the homeowner is still charged hundreds of dollars.
Most mortgage lenders also require an official inspection of the home before they’ll qualify the house for the buyer. Sometimes, the buyer pays this fee. Regardless, the results of the inspection could set you back weeks if they uncover any damages or issues.
Skip the Updates and Repairs
This leads us to our next point. When selling a house to a cash home buyer, you can avoid the expensive and time-consuming efforts of updating and repairing the home. This is necessary for the traditional house selling process because you’re trying to attract buyers.
However, if you want to sell your house fast without spending a ton of money, making renovations is not the way to go. Did you know the average homeowner spends $21,000 prepping their house for the market?
Many cash buyers will buy your home in any condition and under any situation. This is a great option for people who don’t have the money, time, or inclination to invest in repairs and updates.
Don’t Worry About Deep Cleaning
One of the hardest things about the traditional home selling process is keeping your house clean and “show-ready.” If you attempt to live in the house while it’s on the market, this can be exceedingly difficult.
You can either deep clean the home yourself or invest in a residential house cleaning company. However, if you’re continuously living in the home, it means you must continuously clean the home.
Buyers won’t show much interest in a house in which they can feel the presence of the owner. The smells of last night’s dinner, dirty laundry, personal hygiene products in the bathroom, and signs of your pet will turn buyers away.
If you’re like most people, however, you won’t be able to afford to move into a new home while still paying your current mortgage.
Staging the House Won’t Be Necessary
There are ways to expedite the traditional house selling process. For example, you can hire a professional house staging company. Studies show that staged homes spend 73% less time on the market.
However, what that statistic doesn’t tell you is that it can cost an arm and a leg to stage your home. Most home staging companies charge hundreds of dollars a week to stage an entire house. This is simply not an option for people who are short on cash.
When selling your house for cash, you won’t need any tricks to sell your home quickly. You just need to request a fair offer from a cash home buyer. If you accept their offer, you can close in as little as a week.
You don’t have to spend money to make your rooms look good for photos or hide your things to please strangers who will look at your home. You don’t have to deal with all the stress related to this.
Skip the Marketing and Waiting Process
Waiting for serious offers on a house is one of the most stressful parts of the traditional house selling process. This is especially true if you need to sell your house quickly.
How quickly your house sells depends on the real estate market, the economy, your location, the price of your home, the time of year, and your home’s condition. In other words, there’s no telling how long you’ll need to wait once you list your home.
You can skip the waiting (and stress) by selling to Action Home Buyers, a cash home buying company that buys homes in any condition. This way, you can sell your house fast and move on with your life in a matter of days.
When selling to cash home buyers, the homeowner simply contacts the company. The company will then check the house you’re selling and its condition. It’ll then given an offer which you can take or not. No need to take pictures to market or list your home.
Fast, Simple, and Secure Closing
Finally, as noted earlier, once you agree to an offer from a traditional buyer, you must still wait six weeks or longer for the deal to close. Essentially you’re waiting on the bank to complete their underwriting process.
During this time, an innocent mistake from the buyer could disqualify them from the loan. They might charge up a credit card, finance a new car, or get a new job. Regardless, you will be without a buyer and back to square one.
When selling your house for cash, you can enjoy fast and secure closing. Some cash home buyers can close in as little as 72 hours. If you’re in a rush to get out of your home, 72 hours is a lot more attractive than six weeks.
Thinking About Selling Your House for Cash?
If you’re about to put your home up on the market, think about your options. Is selling your house for cash the right move?
It has the potential to save you precious time and money. More importantly, it can be a convenient solution to a serious problem. Ultimately, you need to decide what’s best for you and your circumstances.
And if you want more valuable advice, check out some of our other articles while you’re here. Our blog is full of helpful content created for readers like you