Are you thinking about selling your house? Or maybe your house has been on the market for a while and you haven’t had any luck with buyers?
In any case, you should consider selling your house to a cash buyer. Accepting a cash offer on your house can save you time, money, and stress. This is particularly true if you need to sell your house quickly for any reason.
For example, if you’re being relocated for work or facing foreclosure, selling a house for cash might be the best option. But what are the benefits of accepting an all-cash offer for your home?
We are here to provide you with answers to your questions. Keep reading for six major benefits of selling your house to a cash home buyer.
1. Don’t Pay Any Realtor Fees
When most homeowners decide to sell their homes, the first thing they do is contact a realtor. It could be a friend, a family member, or a realtor that was recommended by a loved one. While realtors certainly have their purpose, they’re not for everyone.
In fact, you can save a substantial amount of money by selling your house without a realtor. Most real estate agents have a 3% commission rate. Whatever you sell your house for, they are awarded 3% of your earnings.
However, in most real estate transactions, the seller pays for their realtor and the buyer’s realtor. Therefore, you’d actually be paying 6% of your home’s sale price in realtor fees.
To clear things up a bit, let’s say you sold your home for $225,000. You would be paying $13,500 in realtor fees.
If you want to avoid paying exorbitant realtor fees, you can sell your house to a cash buyer. You won’t need a realtor to help you accept a cash offer.
2. Don’t Spend Time or Money on Home Improvements
When selling a home traditionally, it’s important to get it ready for the market. This usually entails a number of repairs, updates, and renovations. During this process, the average homeowner spends more than $21,000.
Furthermore, these types of renovations take time. If you don’t have the time or the money, accepting an all-cash offer from a cash buyer could be the answer you’re looking for. We will purchase homes in any condition.
We’ll even do our own inspection. This means you won’t have to pay a few hundred dollars to have your home inspected by a third party.
3. Don’t Worry About Cleaning and Staging
When selling a house for cash, you also don’t have to worry about cleaning or staging the home. While these things may not seem like a big deal, they can be time-consuming and expensive.
Deep cleaning an entire home by yourself will take at least a few days. If you don’t want to do the work yourself, you can hire a professional cleaning company for a one-time deep cleaning. Of course, this will set you back a few hundred dollars.
Additionally, studies show that stated homes sell 73% faster than unstaged homes. As a homeowner, however, you’ll pay for this luxury.
Typically, it costs hundreds of dollars a month per room to stage a house. If you’re staging your entire house, it means paying thousands of dollars a month.
Cash homebuyers don’t care about the cleanliness of your house or how it’s staged. We’ll provide you with a cash offer whether you’ve cleaned the home or not. You don’t even need to clear the home of unwanted belongings before you leave.
4. Forego Endless House Tours and Painful Negotiations
For some people, home tours are the worst part of the traditional home selling process. Each time an interested buyer wants to tour your home (or re-tour your home), you have to clean up and make yourself scarce while their realtor walks them through it.
This can happen several times a week, if not several times a day. Once a buyer is interested, they’ll place an offer and you’ll enter into negotiations.
More often than not, the buyer’s offer will be low. Alternatively, they might have a list of demands regarding certain repairs or updates. This process can be tedious and annoying.
When selling to a cash buyer, there is only one home tour. We’ll come by and inspect your house so we can give you an accurate cash offer. If you accept our offer, all that’s left is to choose the closing date.
5. Quick, Free, and Secure Closing
Another perk of selling a home for cash is that you get to eliminate your closing costs. In the traditional home selling process, the seller pays a 3% closing fee.
Using the example from above (selling your house for $225K), that means another $6,750 out of your earnings. If you’re aren’t keeping track, here are your potential costs thus far:
- Updates and renovations – $21K
- Realtor fees – $13.5K
- Closing Costs – $6.7K
For the average home seller, selling a home for $225,000 will cost them just over $41,000. And this figure doesn’t include inspection fees, appraisal fees, and other common costs.
If you accept a cash offer from a cash buyer, you won’t have any closing costs. Furthermore, the closing process can be completed in under a week and there is no risk of it falling through.
6. Find an Immediate Solution to a Complicated Problem
Finally, selling a home for cash can provide you with a solution to a complicated problem. As noted earlier, if you’re being relocated for work or facing foreclosure, a quick sale is vital to your financial well-being.
However, accepting a cash offer is also ideal if:
- You inherited a home you don’t want
- You need to liquidate your assets during a divorce
- You want to get rid of a rental property
- You don’t have money to repair a distressed home
- And more
Cash buyers will buy homes in any condition. After we give you an offer, all you have to do is accept and choose the closing date.
Do You Want a Cash Offer for Your Home?
Does accepting a cash offer for your home sound like the best solution for you? As you can see, there are countless benefits of selling your house to a cash buyer.
If you need to sell your house fast, we can help. Contact us today to get your free cash offer.
We would love to buy your house from you so you can move on with your life. And the best part is, our cash offer is free and you’re under no obligation to accept. What do you have to lose?