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 want none of that, there are cash buyers at your disposal.
Selling your house for cash is going to be a very simple process, reason why many are into it these days. 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:
Zero Commissions and Closing Fees
Selling your home to a cash buyer means no closing and realtor fees. which are automatic when you sell traditionally. 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. 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. 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 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. With the right cash home buyer and your complete honesty about your property, none of those issues exist.
Zero Repairs or Renovation
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.
But as with any business, cash home-buying is not totally scam-free. 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. Researching the background of a potential buyer is always the first thing to do before moving forward with a deal.