By Mitch Rice
If you are like most sellers, you are likely worried about the time and effort it takes to sell your home the traditional way. From finding the right real estate agent, repairs and upgrades, cleaning, staging the house, and marketing to choosing the right buyer, the home selling process is stressful and overwhelming. Cash buyers are individuals or companies ready to purchase properties without mortgage applications. Read on for four advantages of selling your home to a cash buyer.
1. Quick sale
If you have a medical emergency, just got married or divorced, are relocating to a new city for work, or you inherited property and want to sell your home quickly, you should sell to investors like Cream City Homebuyers. With a cash sale, you do not require to work with a realtor to draw paperwork which could take months. You will also not experience lender financing delays that come with the traditional home sale since home buyers already have cash at hand to finance the purchase. This fosters a quick sale and closing period, saving you time and money.
2. No marketing required
You must invest in a robust marketing strategy to find the right buyer in a conventional home sale. This is often time-consuming and expensive. You may also not be familiar with technology such as advertisements and real estate listings, among other correspondence necessary to get your home in front of ideal homebuyers. However, when you sell to a cash buyer, you do not have to spend money and time marketing your property.
In most cases, cash buyers find potential home sellers, and you do not have to worry about getting a minimal cash offer for your property due to the lack of marketing. You could still negotiate with the investor to get a fair offer for your property.
3. No need for repairs and improvements
To get a great offer in a traditional home sale, you must fix loose tiles, paint the house, repair broken or loose doorknobs and tighten dripping faucets. You may also have to remodel the kitchen and bathroom to make your home more appealing to a broader customer base, which is often too costly. With a cash buyer, you will not have to worry about repairing or upgrading the house because they purchase homes as-is. You also do not need to deep clean, declutter and present your home like a pro to attract a cash homebuyer. Investors are ready to make an offer on your house regardless of its condition.
4. Minimal likelihood of a deal falling through before closing
Few things can be more frustrating than finding a potential buyer and spending hours negotiating a deal, and then it falls through at the last minute. This is the case in most traditional home sales because buyers often develop cold feet or experience hiccups with their mortgage originators. The chances of a deal falling through when selling to a cash buyer are minimal. Once you receive the cash, the buyer cannot change their mind.
Selling your home to a cash buyer enables you to close the sale quickly, save the time and money required to repair and market your property, and eliminates the chances of a deal falling through. If you are deliberating whether or not to sell your home for cash, consider the above benefits to make an informed decision.
Data and information are provided for informational purposes only, and are not intended for investment, medical or other purposes.