Moving to a new house can be challenging, especially when you have to sell your old one. Hiring a realtor, dealing with potential buyers, opening up your home to strangers – all these can really take a mental and even physical toll. If you’d rather skip all that, turn to a cash buyer.
The process of selling your house for cash is pretty straightforward, which is the reason a lot of people resort to it nowadays. If you’re in a hurry to sell your home, this option can be particularly attractive, but there are other benefits you can expect, such as:
Keeping the Full Sale Amount
Selling your home to a cash buyer means no closing and realtor fees. which are automatic when you sell traditionally. In other words, all of the proceeds of this sale will go straight to your bank account, alone.
The entire process of selling your house for cash is a lot faster than doing it the old-fashioned way. No need to wait for a call, an email or a knock on your door from someone who might be interested. No thinking about mortgage companies or banks refusing to give loans to buyers. In most cases, as soon as you and the buyer have set a price, you only have to wait a few days for your money.
No Last-Minute Withdrawal
If you’ve ever sold a house before, you know how it can go with a buyer who backs out at the last minute. The reason could be anything – they didn’t get the loan, they suddenly found a flaw, or they just changed their mind. With the right cash home buyer and your complete honesty about your property, none of those issues exist.
No Need for Repairs or Renovation
Selling your house to a cash buyer means there’s no need to do any repairs or renovation – they will take care of that. Cash home sales follow an “as is” rule, which simply means that the buyer will take your property regardless of its current condition. If you’re in a hurry or you don’t have the money to improve your home, selling it for cash could be your best move.
But as with any business, cash home-buying is not totally scam-free. If a “buyer” demands upfront payment of any kind, only talks to you through email, or shows no interest in looking at your home before buying it, be warned. A bit of research on your potential buyer’s background can save you tons of headaches later on.