Moving can be tough, especially when you consider all the frustrations that may come with getting your old house sold. 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’d rather skip all that, turn to a cash buyer.
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:
Keeping the Full Sale Amount
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. What this means is that you can keep the entire amount that the buyer pays for your home.
The process itself of selling your house to a cash buyer is much faster than doing it traditionally. You don’t have to sit around, hoping someone would take interest. No thinking about mortgage companies or banks refusing to give loans to buyers. When you sell for cash, you’ll probably have your money within a few days after agreeing with the buyer on a price.
No Last-Minute Withdrawal
If you’ve tried selling a house in the past, you know how bad it can go when a buyer backs out of the deal at the last minute. The reason could be anything – they didn’t get the loan, they suddenly found a flaw, or they just changed their mind. 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.
Zero Repairs or Renovation
Selling your house to a cash buyer means there’s no need to do any repairs or renovation – they will take care of that. Cash home sales are always done “as is,” which means the buyer will take your home in any condition it may be in. If you don’t have money to pay for an upgrade anyway or you’re just in a hurry to sell your home, then a cash sale is clearly the best.
But as with any business, cash home-buying is not totally scam-free. If a “buyer” demands upfront payment of any kind, only talks to you through email, or shows no interest in looking at your home before buying it, be warned. Researching the background of a potential buyer is always the first thing to do before moving forward with a deal.