When it comes time to sell your house, there are multiple ways you can get it done. You can hire a realtor and list your house on the market. However, if your house is in disrepair or the market is slow, this process is not guaranteed.
Furthermore, even if your house is in great condition, the process can take several months to complete. The question is, what do you do if you need to expedite the selling process? Is there a way to sell your house in a matter of days?
This is where selling a house for cash becomes your best option. Want to learn more about the process and how it can benefit you? Keep reading for everything you need to know.
Get a Fair Cash Offer
First, if you find the right cash buyer, you can get a fair cash offer for your home in the condition it’s in. It doesn’t matter if it’s messy, distressed, or otherwise unappealing. Just find a cash home buyer with positive client reviews.
The reviews will tell you everything you need to know about the company. Find out if the majority of the company’s clients were happy with their cash offer and the selling process.
One of the biggest benefits of selling a house for cash is saving precious time you might not have. The longer you have to wait for your house to sell, the longer it will take to move on with your life. A quick sale can be crucial if you’re facing a time-sensitive situation.
A cash buyer will typically provide you with an offer within 24 to 48 hours of your request. After that, you can choose whether or not you will accept their proposal. If you agree to the offer, you can close on your home within seven days.
Conversely, selling a home traditionally takes several months. The closing process alone usually takes 4-8 weeks, depending on the buyer’s eligibility, financial status, and lender.
A lot of people are resistant to selling a house for cash because they’re worried they won’t make as much money. While this is true in a sense, you need to look at the bigger picture. Selling a home traditionally costs a lot of money.
For starters, the average homeowner spends more than $21,000 making renovations and repairs to get their home ready for the market. That’s already a significant portion cut out of their potential earnings.
Then, they hire a realtor, who will typically charge a 3-6% commission fee. In many cases, buyers negotiate for the seller (you) to pay their realtor fees as well. If you sold your home for $250,000, you could be spending $7,500 to $30,000 on realtors alone.
Between realtor fees and renovations, selling a house traditionally can be extremely expensive. There are also the added costs of appraisals, inspections, staging, cleaning, and more.
Skip Tedious House Showings
One of the most annoying things about the traditional house selling process is keeping your doors open to potential buyers. Even if you have a realtor to handle the tours, it means you need to leave the house every time someone wants to take a peek inside.
Not only does this open up your home to strangers, but it can significantly interrupt your day. If you work from home, as many people now do, house showings will also impact your productivity.
When selling a house for cash, there is only one walkthrough. The cash buyer will inspect the home in order to give you an accurate cash offer. Then, it’s a done deal.
Get Rid of an Inherited House You Don’t Want
When we lose someone we love, there are countless things we’re forced to process. Primarily, we must cope with our emotions and the idea of a world without them. However, you might also be left with a house inheritance.
While this can be a good thing, it can make your life more complicated if you don’t actually want the house. What are you supposed to do with it? What if it isn’t paid off and you’re now responsible for the mortgage?
In this case, selling to a cash buyer can save you a lot of time, money, and stress. Cash home buyers will take an inherited house off your hands quickly and conveniently. Then, you can cope with the loss of your loved one without being distracted by the burden of an unwanted house.
Avoid a Foreclosure
Selling a house for cash is also a convenient solution if you’re facing foreclosure. If you’ve fallen behind on payments, it’s only a matter of time before the bank repossesses your home. Not only can this be a devastating experience, but it will also tank your credit score.
If you sell to a cash buyer, they can take care of your problem in a matter of weeks. That way, you can avoid foreclosure, get some cash in your pocket to catch up on your bills, and start over with a clean slate.
Take Advantage of a Job Opportunity
Finally, selling a house for cash is a good idea if you have a job opportunity waiting for you in another town or state.
Sadly, many people hesitate to accept an amazing career opportunity because they’re worried about selling their current home. After all, if they leave town and accept the job, they might get stuck paying multiple mortgages. If they aren’t in town, they can’t ensure their house sells.
Selling to a cash buyer ensures a quick sale, allowing you to take advantage of a promotion or a new job. You won’t have the added layer of stress due to a house in your old town waiting to be sold. This will also open you up financially to get approved for a new mortgage.
Is Selling a House for Cash Your Best Option?
As you can see, selling a house for cash has a lot of benefits. The only thing you need to decide is whether or not selling to a cash buyer is the right move for you. Ultimately, it comes down to your circumstances.
If you’re ready to sell your house or explore your options, contact us today to get a free cash offer. We’ll get back to you as soon as possible and you’ll be under no obligations to accept. We look forward to hearing from you!