Are you thinking about selling your home for cash, but aren’t sure if it’s the right move?
Selling your home through a real estate agent can be beneficial, but it can also be a long and drawn-out process. If you’re looking to sell your home quickly, selling it for cash is a great option.
Check out this guide to learn why you should sell your house for cash.
1. More Flexibility
One of the biggest benefits of selling your home for cash is that it offers more flexibility. An investor is just an investor. They’re not shopping around for the perfect family home that they’re going to settle into for the next 20 years.
Instead, they’re just looking at your home as a potential investment. For this reason, they’re more willing to meet you on your terms. If you’re selling a property that already has tenants, a lot of investors are willing to buy it from you without evicting the tenants.
A lot of times, investors will even purchase homes that are near foreclosure or that are being sold as a result of divorce. Because they’re used to dealing with a variety of buying situations, they’ll be happy to work with you so you can get the best price possible.
2. Reduce Stress and Hassle
Selling your home the traditional way comes with a lot of stress and hassle. When you decide to sell your home, the first thing you need to do is declutter and clean it.
Depending on the state of your home, this process alone could take weeks. Then, once everything is cleaned, you have to take care of repairs. Again, this is another process that could end up taking weeks. Plus, repairs can end up costing you a lot of money.
After making all of the necessary repairs, you then have to stage your home and do showings. You also have to get your home appraised and get an inspection, all while keeping your home in a spotless condition. If you have pets and children, this task can feel nearly impossible.
When you sell your house for cash, you don’t have to do any of this. No repairs, showings, cleaning, or staging. This can reduce a lot of your stress, and it can even save you some money.
3. Keep All of the Money From the Sale
When you sell your home the traditional way, your real estate agent takes a cut of your profit. Most real estate agents take a cut that’s between 5 and 6 percent of the total sale.
While this may not seem like a lot of money, it could easily add up to thousands of dollars. For example, if you sell your home for $300,000 and the real estate agent takes a 5% cut, they’ll be getting a $15,000 cut. That’s a lot of money!
When you sell your house for cash, you get to keep all of the money from the sale. You can then put this money toward your next home or next big investment.
4. Make a Quick Sale
Did you know that the average home spends 46 to 55 days on the market?
Many of us don’t have this much time to sell a home. Whether you’re moving for a job, in need of quick cash, or just want to get on with your life, waiting 46 days or more can feel like an eternity.
This is why selling your house for cash is such a great option. When you decide to sell your home for cash, you can complete the entire process in as little as a few days, allowing you to quickly get on with your life.
5. Sale Security
A lot of times, people agree to buy a home and then end up backing out at the last minute. If you don’t have to deal with the hassle of a sale falling through, you should consider selling your home for cash.
When a company or investor purchases a home “as is”, there isn’t a loan or mortgage that has to be approved because they’ll be paying with cash. This helps to eliminate the financial risk for the seller, and it ensures that you’ll receive your money in a timely manner.
6. Avoid the Negotiating Table
While some people love negotiating a deal, others hate it. If you’re someone who dreads the negotiating table, then selling your home for cash is a great option.
With a cash offer, you get to avoid the back and forth process of negotiating completely. Instead, you’ll receive a firm offer. You can either accept this offer on the spot or shoot it down.
7. No Paperwork
Another downside to selling your home the traditional way is that it comes with a lot of paperwork. The sheer amount of forms you need to read and initial can be overwhelming, and one small mistake can be costly.
But, if you work with a reputable cash buyer, you don’t have to worry about dealing with a stack of paperwork. In fact, many cash buyers will handle the paperwork for you.
Just be sure to check reviews and references before you allow a cash buyer to handle your paperwork. If you live in Chicago, this company can help you with the paperwork.
Are You Ready to Sell Your House for Cash?
Now that you’ve read this guide, it’s time to sell your house for cash. Before you know it, you’ll have the cash from the sale in your pocket and you’ll be ready to move on with your life.
Be sure to check back in with our blog for more home selling tips and tricks.