Should You Sell Your Home For Cash?

money, dollars, success

So, you’re now facing the daunting task of selling a home. This could be the home you, and your family, have lived in for years. It could be the house you inherited from  Great-aunt Helen. Or it could be an investment home you are no longer interested in maintaining. What’s the next step? Call an agent and put it on the open market?  Prepare it for all the strangers who you will be required to host, a daunting prospect even if we weren’t in the midst of a global pandemic! Drop a bundle of replacing the roof, or remodeling that outdated kitchen? Paint every surface and refinish every floor? Or look for a reputable home buying company that will offer you fair market value, in cash, without any of these hassles? I think the answer should be obvious, but let’s look a little closer.

There are a great many advantages to taking advantage of a cash buyout for your property.

  • You sell the home as-is. While we all know that making improvements will add to the market value of the property, they will also cost you a considerable amount of time, money, and effort. A home buying company knows exactly what your house is worth, and is willing to pay, in cash, for the purpose of investing in a property to rent out, or perhaps remodel and sell at a profit.
  • Selling to a home buying company is a streamlined process. You may be facing time constraints, such as having to relocate for a new job or welcoming a new addition to the family. You may be selling because of a divorce or a death in the family. Whatever the reason, a cash buyer can close the deal quickly, putting the cash in your bank within weeks, or even days, rather than months.
  • You will pay no commission. Many homes that sell in the open market, with realtors involved, have riders on the sales contract, sweetening the deal for the buyer. Many of these include a clause indicating that the seller will pay the agent’s commission for both the buyer as well as themselves. This means that you will pay 6% or more. This is not so when you sell for cash through a home buyer. There are no agent’s fees or closing costs. The only fee you pay is a modest one for a quote.
  • You will have no worries about finding a qualified buyer, not any about the deal falling through at the last minute due to financing falling through. Home buying companies pay in cash, without depending on third party financing for your property. You can be assured the deal is done as soon as you sign the contract of sale.

 

In conclusion, if you’re looking for a quick sale, without the hassle of repairs or remodeling, selling to a home buying company, for cash, may be the answer you’re looking for. Simple, straightforward, and uncomplicated. Just the thing you need to start in a new direction with financial security.

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