WorldExecutivesDigest.com | The Rewarding Benefits of Selling Your Home to a Cash Buyer | It usually takes around 65 days to close on a house after listing it. That means it might take two months to get the cash from your home after you put your house up for sale.
Do you want to wait this long? If not, there’s a solution for you to consider – selling your house to a cash buyer.
When you sell your home to a cash buyer, you reap so many rewarding benefits. Would you like to know more about the top benefits? You can learn them by reading this guide.
You Can Close on the Deal in Days
Although it takes months to find a buyer and close on a house when listing the home through a real estate agent, it takes only a few days to complete the deal with a cash buyer.
Selling a home to a cash buyer is the fastest way to sell a house. The process begins by asking a cash buyer for a cash offer. Within a day, they’ll provide you with an offer.
You can think about the offer amount before responding to it, but the faster you respond, the quicker you can close. Once you decide to accept the offer, it might be less than one week before you’ll have to move out.
There isn’t a faster way to sell a house. There’s no waiting involved with this method; it’s cut and dry.
You Won’t Have to Clean Your House
If you’ve ever listed a home with a real estate agent, you might remember all the requirements the agent discussed with you. One of these probably involved cleaning your home.
When an agent accepts your listing, they’ll need to show your house to potential buyers. They’ll expect you to clean your house for these showings.
In fact, before you can list the house, you’ll have to deep clean it, so it looks great. If you don’t have the time or energy to worry about this, you should consider selling to a cash buyer.
A cash buyer might not even come to your home to see it. Instead, they’ll make an offer over the phone or the Internet. They won’t care if your house is clean or dirty. They’ll buy it no matter what.
You Won’t Have to Deal With House Showings
On top of that, another benefit is that you won’t have to continuously clean your house to keep it show-ready. You won’t have house showings when you sell it to a cash buyer.
Instead, you’ll sell your home quickly to a real estate investor. You won’t have to clean, stage, or prepare the house, and you won’t have to deal with pesky showings.
House showing can be a nuisance. They require a lot of preparations, and then you have to leave your home during specific time slots. You might have to deal with dozens of showings before receiving an offer.
A cash buyer won’t need tons of showings. They might ask to see your house once, but many cash buyers don’t even view a house one time. Instead, they’ll send you an offer sight-unseen in most cases.
The Cash Buyer Won’t Expect You to Make Any Repairs or Improvements
One of the top benefits of a cash buyer is the lack of contingencies in the deal. A contingency requires the seller to do something, such as repair something or make improvements.
If you find a company that advertises “we buy any house,” they mean it. They won’t ask you to repaint the rooms or repair the leaky faucet. They won’t ask for anything.
These companies are in the business of buying homes as-is. They do this to make money. You see, they’ll pay you money for your home just the way it is. They can then invest money into the house and sell it for a profit.
You Keep the Entire Profit
Another big difference is the way the money works in the deal. If you sell through a real estate agent, the agent keeps part of the money.
Most agents charge around 6% for their commissions, which means you’ll instantly lose 6% of the selling price if you list with an agent.
You won’t pay a fee to a cash buyer. When they make the offer, the only thing you’ll have to pay is the balance that you owe your mortgage lender. You won’t pay any other fees. Instead, you’ll keep the entire profit.
The Deal Won’t Fall Through
One thing that you should know is that the deal is guaranteed to go through with a cash buyer, but it’s not when you sell through other methods.
When people require loans, they have lenders that dictate the rules. A lender can decide not to offer the loan if something changes with the borrower’s finances. If this happens, the deal falls through.
Lenders can also decide not to offer loans if the home appraisals are too low. There are so many things that can go wrong that could interfere with a home sale, but you won’t have to worry about this with a cash buyer.
A cash buyer won’t change their mind after making an offer. The deal is set in stone, which means there’s no chance that it will fall through.
If you want a guaranteed way to sell your home fast, this is the way to go. You can request an offer for free, and there’s nothing to lose. You aren’t required to accept the offer, but you’ll benefit a lot if you do.
Cash Purchases Offer Stress-Free Home Sales
Selling a home through a real estate agent takes time and costs money, plus it’s never guaranteed. If you’re ready to sell your house now, find a cash buyer in your city.
You’ll receive an offer right away. If you accept it, you’ll reap all the benefits listed here.
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