Millions of houses are on the market, and if you are planning to sell a house you should know that there’s a tough competition. While you can always sell the traditional way, you might want to consider selling it to cash home buyers. Here are reasons why you should sell your house to a cash buyer:
1. Sell House Quick
Selling a house takes time. Once an offer is accepted, the process of selling a house typically takes another 30 to 45 days closing period before they are sold. But when you sell a house for cash, you get to close within two weeks. The quickest way to sell a house is through a cash buyer.
Going for a cash buyer is especially the better option if you are in a hurry to move, but expect to get a little less offer for your house than the market price. But if you consider the faster time, the convenience, and no agent commission deduction, there’s little difference.
2. Less Stress
There are many things that can go wrong when selling a house the traditional way. One of them is having the loan application of the buyer declined, causing the sale to fall through. This situation is unlikely to happen since legitimate cash home buyers already have the money to buy your house. No need for any lending companies to be involved.
You also don’t have to worry about getting your house ready for showings. No need to do staging. No need to worry about keeping your house clean and tidy to make it more attractive to potential buyers.
3. Sell House As Is
Cash buyers will buy your house as is. No need to worry about doing any repairs or upgrades. Doing repairs can be expensive and time-consuming. Majority of cash buyers will buy houses in any condition.
4. Less Expenses
Aside from saving money on repairs and upgrades, you also don’t have to spend anything on realtor commissions and closing costs when selling to companies that buy houses for cash. Realtors take 5 to 6 percent of the proceeds of your home sale. There are also times that you need to agree to shoulder the buyer’s closing costs when you sell with a realtor. That’s another deduction to your proceeds.
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5. Stay A Little Longer
Selling to a cash buyer is not only appealing for those who want to move quickly. It can also be advantageous to those who want to stay in their home longer. You can work out a deal or discuss with a cash buyer if you need time to get ready for your move and/or have your finances order so that you can stay in your house until you get everything in order.
These are more than good enough reasons you should consider selling your house for cash. If you are unfamiliar with the process, no need to worry it’s easy to do and require less steps than selling with a real estate agent.
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