Advantages of Selling Your House for Cash
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.
The process of selling your house for cash is pretty straightforward, which is the reason a lot of people resort to it nowadays. If you’re in a hurry to sell your home, this option can be particularly attractive, but there are other benefits you can expect, such as:
Keeping the Full Sale Amount
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. In other words, all of the proceeds of this sale will go straight to your bank account, alone.
The entire process of selling your house for cash is a lot faster than doing it the old-fashioned way. No need to wait for a call, an email or a knock on your door from someone who might be interested. No thinking about mortgage companies or banks refusing to give loans to buyers. In most cases, as soon as you and the buyer have set a price, you only have to wait a few days for your money.
No Falling Through
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. There could be many reasons – their loan application was rejected, they’re considering another property, they changed their mind about buying a new house, and so on. 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.
No Need for Repairs
When you sell your home to a cash buyer, you don’t have to do repairs or renovation – that becomes their job as soon as you’re paid. 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 bit of research on your potential buyer’s background can save you tons of headaches later on.