According to the National Association of Realtors, 25% of houses sold are bought with cash.
Selling a house for cash is an easy way to get rid of the property fast. You don’t have to deal with any long-term commitments or wait around for buyers who may not even show up.
If you want out, some companies will give you cash on the spot in exchange for your home.
Want to learn more about the benefits of selling your house for cash? Keep reading as we’re here to present five of the biggest reason why it’s better to sell a house for cash!
1. Get Money Fast
When you sell a house to an investor, they buy the house quickly and often for cash. This means that once you agree on terms with them (price, repairs, etc.), the money is in your hands immediately after closing.
It doesn’t matter what type of financing you have through your bank or how long it takes to get approval – if you accept cash as payment for your house, then that’s all you’re going to get.
2. Avoid Appraisal Issues
Most home sales depend on the results of a home appraisal. There are many examples where a bank-hired appraiser is wrong or lowers an appraisal, so it is important to stay aware of this.
3. Sell Your House With No Hassles
Home sellers list their homes in hopes that someone will come along who will want to buy them. They have to do a lot of work themselves.
When selling a house to a cash buyer, you need to make sure the house is in good condition, deal with people who come through for inspections or walk-throughs, find out if they are pre-approved for a loan, etc.
If you’re interested in knowing what level of cash offer you can expect from a cash home buyer, you can learn more here.
4. Get More Money For Your House Than You Might Otherwise
Even if you find a buyer quickly, there’s no guarantee that they’ll pay what you think your house is worth. As many homeowners know, the housing market can change very rapidly.
This unpredictability means it may be tough to predict how much your house will sell for at any given point.
If the price of houses in your neighborhood suddenly skyrocketed, then even though you’d like more money for yours, you might not get as much as you hoped because buyers would be willing to pay for homes less popular.
5. Sell Your House Without Paying Realtor Fees
If you don’t use a realtor, then no one will be getting paid. But you’ll get more money. It’s like $2000 that you would’ve given to the realtor, but now it’s in your hand!
Want Professional Advice on Selling a House for Cash?
The benefits of selling a house for cash are many. You’ll have the freedom to do what you want with your money, and it can be done in as little as two weeks!
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