It’s not easy moving to a new address, especially with the work and patience needed to sell your old house. Hiring a realtor, dealing with potential buyers, opening up your home to strangers – all these can really take a mental and even physical toll. If you’d rather not go through any of that, you can sell 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. This becomes particularly appealing to those who are looking to sell their homes ASAP, but there are many other benefits, including the following:
No Agent Commissions and Closing Fees
If you sell your home to a cash buyer, you don’t have to pay any closing fees or agent commissions, which is commonly done in a conventional 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 home for cash is way faster compared to the traditional route. No need to wait for a call, an email or a knock on your door from someone who might be interested. No need to worry about banks or mortgage companies 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 Backing Out
If you’ve ever sold a house before, you know how it can go with a buyer who backs out at the last minute. It could be anything – they found a property they liked better, they suddenly don’t want to buy a new house, they didn’t qualify for a loan, etc. Provided you have a reputable cash buyer and you have been totally honest about your house, there is no such thing as backing out.
No Need for Repairs
Selling to a cash home buyer requires no repairs or renovation because all of that will be up to the buyer. Cash home sales follow an “as is” rule, which simply means that the buyer will take your property regardless of its current condition. 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.
As with any other business, however, cash home-buying is not immune from scams. If a “buyer” asks you to pay any amount up front, communicates with you only through email or sounds keen on buying your house without even seeing it, watch out. A little research on the background of your prospective cash buyer, always goes a long way.