In a day of exorbitantly priced houses, you might not even realize that you can sell your house for cash. Who has that kind of money just sitting around, right? Well, as luck would have it, there are many options for cash sales. This is good news for you because a cash sale is better in several important ways.
Cash Sales Save You Time
The process of a conventional home sale can take months or even years. Even after you have repaired your home, hired a real estate agent, listed your property, showed your home to countless strangers, waited for an offer, and accepted that offer, you still have to wait on funding. Getting approval for funding and completing the required paperwork can take weeks. When you sell your home for cash, you get to skip all of that waiting. This takes a good chunk of time out of the entire process.
Cash Sales Save You Money
With a cash sale, you can have your home and all of its expenses off your hands in a matter of days. This means that you won’t have to worry about making additional mortgage payments while you wait for closing. Also, because a cash sale isn’t contingent upon an appraisal, you might be able to get away with selling your home as-is. This absolves you from the need to make expensive repairs and renovations. Finally, many cash buyers are willing to come to you, removing the need for a realtor. The realtor commission will take a hefty 5-6% from the sale of your home.
Cash Sales Remove the Middlemen
With some cash sales, such as with a home buying company, you get rid of the middlemen altogether. This includes realtors, inspectors, lenders, and even multiple potential buyers. This means less time spent signing paperwork, leaving your home, and hustling to various appointments. It also lets you maintain your privacy, with far fewer visitors to your home. When you cut steps from any process, your risks of delays and setbacks are significantly reduced. This is especially true when you choose to sell your home for cash.
Selling your home for cash is a fantastic way to speed up and simplify the process, especially if you are selling your home to a home buying company. It can feel so good to know that there is another way. You don’t have to go through all the hassle, time, and expense of selling your home the conventional way.
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