Are you looking to sell your home fast? The average home selling process takes around 70 days, and since this is an average, it can be longer than this depending on your home, location, and the real estate market.
Have you considered selling your house for cash? There are several benefits to selling your house for cash versus the traditional method involving realtors.
Keep reading to find out how to sell your house for cash, and why you should consider this process.
Less Work for You
Let’s face it, selling a house is stressful. Overall, if you are looking for less work, cash offers may be the way to go. This process takes less than half of the traditional processing time since the buyers are not working with mortgage lenders.
You don’t have as many people and companies to interact with, fewer touchpoints and considerations, and less paperwork to fill out. You also don’t have to worry about doing much to get the home ready to sell.
You won’t have to market your home as much with cash buyers. You also don’t need to worry about showings and staging your home for a sale.
You won’t have to worry about strangers coming through your home at times that may not be the most convenient to you. There is no need to deal with the time and stress it takes to get your home ready, including hiding your valuable items.
If all-cash buyers want to see your home, they won’t care about the staging. They prefer to see the main points of the home, and some buyers may even buy the property without actually seeing or going through the property.
You Get All the Money
Another benefit of cash buyers is that you don’t have to hand over a large fee to pay a real estate agent. The average real estate agent makes five to six percent commission on your home’s selling price, which means if your house sells for $250,000, your agent’s commission ranges from $12,500 to $15,000!
Even if you sell your home for less than you can with an agent, you may still make more money if you don’t have to pay commission.
No Need to Make Repairs
As we mentioned above, most cash buyers will buy your home as-is. This means you don’t have to spend money to sell your home. You won’t have to do any repairs or home improvements, so this process is much less stressful.
You also will not be surprised with repairs that appear in the home inspection.
Sales Happen Faster
When you sell a home, it’s not a fast process. People look at your house, then you wait for offers, negotiate, and wait for your buyer to get their loan approved before the sale completes.
With cash offers, you accept it. Then the paperwork starts immediately! No banks involved.
Eliminate Lending Issues
Lenders can pull out of a deal at just about any point. Most families cannot buy a house without a traditional mortgage. So if the lender drops out for any reason, you have to start over again. Even if a buyer is preapproved, their loan can still be denied if there are any changes to their finances.
Cash buyers have the money in hand and won’t need to work through these issues.
A contingency is a condition for sale, and there are many of these on a traditional real estate offer. These contingencies take time and cost money, and if there is something that does not meet the requirements, the sale can be off—for example, a major issue found in the home inspection process.
Sell Your House When You Want
There are several reasons you may need to sell quickly including job relocation, divorce, inherited a home, or loss of job or income. If you sell your house for cash, you get to choose the timeline and get your payment sooner.
In fact, some as-is sales can be completed in as little as five days depending on the buyer, location, and condition of your home.
Don’t Need an Appraisal
You do not have to worry about an appraisal where an appraiser tells you what your home is worth. The cash buyer already knows the home’s value based on looking at it.
You won’t have to worry about an appraiser telling you the home’s value. If the value is too low, your deal can fall through.
Traditional home sales require a great deal of negotiation and there are agents involved with both the seller and buyer. You need to make an agreement and that can take going back and forth several times before all terms are agreed upon.
A cash buyer won’t negotiate as much. They make the offer, and you can choose to accept or reject it. If you accept, you get the money and close in days. Find out more about this process by contacting a home buyer company.
Solve Your Problem
One of the main benefits of selling your house for cash is that you can fix your selling problem. You can relieve all your stress and anxiety by getting your home off your hands quickly.
You can sell your home, get the money quick, move out, and move on with your life with a cash buyer. You don’t have to drag out the process any longer.
Selling Your House for Cash Is a Great Solution
Whatever the reason you are moving, selling your house for cash can help you move on with your life quicker. You can get all the money, without having to pay an expensive real estate commission.
You also don’t have to worry about fixing up your home, spending money on repairs, and keeping your house ready for showings. Best of all, you can stress less and do less work.
For more home advice, check out our Home and Real Estate section.