Selling your home for cash would have been considered unthinkable just a few decades ago. Now, it’s arguably one of the best ways to sell your house and move on with your life. Why would you want to wait an average of six months before you sell your home using traditional means?
Of course, as with all things — one size does not fit all, and your specific circumstances and goal should be the main factor that determines what route you take to sell your property. However, if you are looking to sell your home as quickly and painlessly as possible, then the cash home buying option might be right for you.
Be sure and check out tax implications.
Would you want to sit through dozens of meetings or viewings until you find the right buyer? If not, here are five reasons why selling your home for cash (quickhomebuyersnjdot com) to home buying companies may be the way to go.
You Can Easily Sell a Vacant Home
Whenever you need the services of a real estate agent (ferrandeopropertiesdot ca), somewhere along the way, they will suggest staging the home. You will remove your pictures and other close personal items from your home, with the objective being to get the prospective buyer to imagine what it would be like if they moved in.
What if you have an empty home and you are not willing to splurge on professional home staging? It has been proven time and again that selling an empty home is much more difficult in comparison to presenting a staged home. But arrange some of your own stuff and don’t worry about it. Your own things may be more comfortable looking anyway.
When selling for cash, the requirement for staging goes out of the window. Cash buyers make it easy to sell a vacant home.
No Worries About Financing
One thing that homeowners dread is having to deal with multiple people just to sell the home. This is especially true for homeowners who have encountered buyers who pulled out at the last minute.
Often the reason a prospective buyer pulls out is that they couldn’t get financing.
This is excruciating for homeowners to have to start the negotiation and sales process all over again. With a cash buyer, though, you won’t have to face such uncertainty.
Flexibility is Key
The thing about buyers of homes is that they will most likely require your home to be in tip-top condition before they even think of making that purchase. The buyer may be adamant about the various features of the home they would want to live in. In a good number of cases, a customer may walk away from the table if their most important requirements are not met.
Not so with cash buyers.
A majority of cash buyers are people who are looking to turn a profit. They will buy your home, as is, and then make those changes and repairs themselves. When a cash buyer purchases and performs repairs themselves — it allows for greater flexibility and ease of handling.
You Choose When the Sale Happens
The thing about selling through an agent is you will have to exercise patience you never knew you had. This is typical because even though you may want to offload the home to someone else, it is the buyer’s choice as to when the sale will happen.
Having someone else in the driving position can be inconvenient if you are in a hurry to move.
With a cash sale, you can approach the buyer months in advance and plan for a certain date, or even push for an aggressive timeline of two to three weeks. The sale is conducted on your terms.
When you go through the traditional route of sale for real estate, you are waiting for buyers’ contingencies, inspections, bank approvals, title company issues, estate agent timelines, real estate lawyers, and other issues. These things add a level of headache and delay to the time it takes to close the deal.
Anyone who has worked on a real estate transaction before will tell you more stories about a deal that was more complex with various moving parts than they can tell you about smooth transactions.
The slowdowns and holdups are usually because there are a lot of moving parts to real estate transactions. Many companies can be involved, and sometimes a lot of research has to be done before the sale is completed.
No Repairs
No repairs or less required repairs is perhaps the best part of selling your home for cash. You will not have to deal with roof inspections to check for leaks or infestations of pests. You will not have to deal with any of that. A person often has to sell a house that needs repairs and delays the sale or cancels the sale entirely.
When you have to repair a house you:
- May need to make the repairs yourself
- Hire contractors to make the repairs
- Pay for the job out of pocket and upfront
- Wait the amount of time for the job to be completed
- Get a new inspection upon completion
- Ensure the work is done up to the standards before the sale is completed
Repairs to a home can kill a real estate transaction quickly.
Walk Away from the Headaches
When you sell a house for cash, you can do so in as little as 7 days. Within one week, you can transform your property headache and nightmare into a thing of the past. The average person dealing with selling a distressed property does not have the time or capital needed to make it happen in the best way.
You may have a family to raise, a full-time job, and a laundry list of projects you have to focus on. How would it feel to finally unburden the headache of your property once and for all?
Kanayo Okwuraiwe
Kanayo Okwuraiwe is a startup founder, an incurable entrepreneur and a digital marketing professional. He is also the founder of Telligent Marketing LLC, a digital marketing agency that provides law firm SEO services to help lawyers grow their law practices. Connect with him on Linkedln
