Ask anyone who has bought and sold a home in the past decade, and they will tell you it’s a nightmare. One reason for this is that the entire process of selling your home can be time-consuming and consequently downright exhaustive.
Think do you have the time and are willing to pay a hefty commission to hire a realtor to sell your home? Then once you hire them, they need to prep the house for sale and that often also means having to deal with long days of putting your home on display.
One of the most significant advantages of selling a home for cash is that you can breeze past all of the hassles. The entire process is quick and relatively stress-free. Furthermore, you could be moving into your new home, probably within the week.
It is also a good idea to sell your home for cash if it requires extensive repairs which you can’t afford to undertake. An investor can and will fix the home, and then put it back on the market make a profit. However, these investors have financial and other resources which you don’t have. So, you might as well have them deal with it.
Now whether you want money quickly or don’t want to deal with the hassle associated with selling your home, selling it for cash is worth considering. However, if you are still on the fence, we’ve discussed a few more instances where selling for cash may be a good idea.
1. You Get to Keep All the Money
One of the most significant advantages of selling my house fast for cash is that you don’t have to give the realtor a commission. So, any closing fees that are often associated with selling a home in most states, including Florida, is done away with when you sell a house for cash.
When you sell a piece of property directly to the buyer, it helps you bypass a lot of the extra fee associated with the sale. So, you end up keeping everything you are offered or have demanded, which could potentially be thousands depending on the price of your home.
We always tell homeowners that they need to factor in the price or cost associated with hiring a realtor and deduct that from what they are expecting to sell the home for or what it is worth.
2. No Need to Undertake and Spend on Major or Minor Repairs
Another significant advantage of selling your home for cash is that you don’t need to undertake repairs. So, don’t worry if your home isn’t HGTV worthy, so to speak. You can forget about needing to invest in deep cleaning, repairs, and adding interior decorations. Nothing, absolutely nothing needs to be done to sell your home!
Cash buyers are investors and will buy your home as-is after which they will undertake all the repairs themselves. Plus, investors know their way around homes and so a dirty house, peeling paint job, and a few missing shingles aren’t going to turn them off. So, there is no need to worry about getting offered less because the appearance of your home is less than ideal. Cash buyers are always focusing on the value of a home because that’s what matters to them.
3. The Odds of a Sale Falling Through are Slim
Having a sale fall through can be an extremely stressful part of selling a home. It’s puzzling why someone who accepts the offer, then just decides to do away with it. One reason for this is that the buyer may not have qualified for a loan, and other times they just get cold feet and decide not to buy the home.
When you are in a cash sale with a seller, the transaction is fast and final. Most sales close anywhere from between a week to 3 weeks, instead of the standard 4-7 weeks with a regular sale. That said reputed cash home buyers will often work faster with some paying up within days.
4. The Sales Process is Very Fast
All homeowners want to sell their home fast. The faster they can sell, the better. The reason is that they don’t want to wait around once they have decided to leave. But traditionally selling a home takes a lot of time.
When you are dealing with a cash buyer, there is no need to stage your home and deal with endless open houses. The buyer will decide within a few days if they want to buy and reach out with their offer. Once you accept the offer the money is in your hands ASAP.
So, if you are hoping to get some cash quickly, then sell your home for cash. It can help a great deal too when you need money fast like for a divorce-related payment, or a family emergency.
5. Selling for Cash is Very Easy
If you have decided to sell your home for cash, all you need is to call up the company. Then chat with them over the phone which usually entails providing them with some basic information about the home. The company will then look into the background of the home and the neighborhood, ascertain its value in comparison to other homes in the area.
Once the initial research is concluded, the buyer will visit your home to check it personally. Sometimes they can give an offer right away, other times they may make an offer within 24 hours. Either way once that offer is made, it is yours to accept or decline.
If the price is something, you can live it, then the sale proceeds. In some cases, homeowners close within a week, usually at the attorney’s office, which is a great idea to ensure that everyone’s interests are protected.
Life can be stressful as it is, and adding another reason to be stressed out does not make sense. Sure selling your home for cash means that you might have to settle for around 10%-15% less, but it’s quick and reliable. However, we strongly advise that sellers only deal with reputed businesses that buy homes for cash.