Selling a house is considered one of the most stressful (non-traumatic) experiences adults go through. While the underlying theme of selling a house is positive, the process is long, tedious, expensive, and unpredictable.
For example, when you sell a home traditionally, you’ll spend weeks or months preparing it for the market. Then, you’ll hire a realtor who will list the house for sale, followed by endless walkthroughs and tours. There are also inspections, appraisals, negotiations, and unexpected upsets.
Did you know you can avoid all of this by accepting cash offers on homes? By selling your house to a cash home buyer, you can save a significant amount of time, money, energy, and stress.
But don’t just take our word for it. Keep reading for the top four reasons you should consider this option for selling homes quickly.
1. Save Money
Most people don’t know how expensive it is to sell their home traditionally. When you hire a realtor, they’ll take 3-6% of your earnings as their commission. Furthermore, it’s often negotiated that the seller covers the buyer’s realtor fees as well.
If you sell your home for $215,000, you’ll be paying anywhere from $6,450 to $25,800. On top of that, there are appraisal fees, inspection fees, staging fees, and closing costs.
When sellers accept cash offers on homes, they can avoid all of these additional expenses.
2. Sell Your House As-Is
Another reason homeowners are selling homes for cash is to avoid extensive updates on repairs. Did you know that the average seller spends $21,000 preparing their house for the market?
For people who don’t have the time or money to invest in these renovations, selling homes as-is can be an attractive option. However, this can involve a long waiting game, as most buyers are looking for something that’s move-in ready.
A cash home buyer will give you a fair home price, based on the condition of your home and the current real estate market.
3. Sell Your Home in a Matter of Weeks
Accepting cash offers on homes can be the best solution for people who don’t want to wait around for months on end for their house to sell. For example, if you’re waiting for your house to sell so you can make an offer on another home, selling your house to a cash home buyer can be accomplished in as little as one to two weeks.
Otherwise, you might miss out on the opportunity to buy a home that you’ve fallen in love with. While some sellers accept contingent offers, it might not last. If a preapproved buyer comes along, your contingent offer won’t hold much water.
4. Avoid a More Serious Problem
Sometimes, struggling to sell a house has more serious consequences. For example, if you’re facing foreclosure, selling your home immediately might be the only way to avoid it.
Alternatively, if you’re going through a divorce, you might need to tell the house quickly to liquidate your assets. Then, you can your spouse and divide things evenly, rather than fighting about who gets the house.
Conversely, some homeowners look into selling homes quickly because they have better opportunities waiting for them in another location. If you have a better job or a promotion that requires relocating, selling your house sooner rather than later can be a huge stress relief.
Interested in Getting Cash Offers on Homes?
If you like the idea of getting cash offers on homes, reach out to cash home buyers today. They can give you a free fair cash offer. If you accept their offer, you can choose the closing date.
In most cases, you can expect to close in as little as two weeks. And if you want more tips for selling your house or making good financial decisions, browse through some of our other articles before you go. Our blog was created to provide readers like you with valuable information.