If you want to sell your house, you could choose to sell it the conventional way where you make repairs, clean it, and finally stage it to attract buyers. You then need to wait for offers from potential buyers who will mostly be relying on loans to buy it — or you can sell it as-is to a cash house buyer. Both of these options have their pros and cons.
Mostly if you decide to sell your home the traditional way, you have to hire a real estate agent because the sale process is complicated. However, when you sell to a cash house buyer, you don’t need to hire a realtor. Also, selling to cash buyers is fast and you get your cash without delays.
Here are some of the advantages of selling your property to a cash house buyer:
Less hassle and inconvenience
One of the significant benefits of selling your home to cash buyers is that you avoid so much of the hassle and inconvenience involved in moving out and preparing your home for sale. You do not have to vacate your house, declutter or repair it if you decide to sell to a cash house buyer. You can even sell it while still occupying it. This saves you from so many of the headaches, making sure you have an easy transition.
Fewer expenses and you keep all money
When you sell your house to a cash house buyer you avoid the cost of hiring a real estate agent whose fees can be as much as 6% of the final sale price for your home. You also do not have to incur the costs of repairs, staging, cleaning and other necessary measures to prepare the home for sale. You invite cash buyers and they make you offers. You can then accept the best offer. After that, the cash buying companies start the paperwork and you get your cash in a few days, often within a week. Typically, you have no costs and you keep all the proceeds.
No cases of the sale falling through
If you sell your house to a buyer who has to get a mortgage or any kind of funding, there is a chance of the financier cancelling the funding for various reasons and the sale aborts midway. Also, due to the long process that the sale takes, the buyer may find a better property or just change their mind taking you back to square one.
Luckily, selling to a cash house buyer avoids all these hazards that may make the sale fall through. Once the buyer gives you an offer and you accept it, the sale is as good as done and you get your cash. If it is a cash buying company, the buyer will, most of the time, handle the paperwork and save you the costs and trouble.
You can sell almost any property
With a cash house buyer, you can sell almost any kind of property. You can sell an old home, that is not in a good state, or even a house that you inherited and don’t want to live in it. Also, cash buyers can help to liquidate a house so you can settle the debts you owe to others.
Selling to a cash house buyer is a good option to allow you to get your hands on quick cash and avoid many costs. You also avoid the hassle and inconvenience of preparing a home for sale.