Selling your home for cash has quickly become a popular option for many homeowners. A cash sale is quite different from a traditional sale and allows for an easier process. There are plenty of reasons why you should consider a cash sale.
No Need for Repairs
One unique trait of cash buyers is most of them will purchase homes as is. Selling your home as-is means you don’t need to renovate your home before putting your home on the market. Some buyers will purchase homes in any condition, but others may require you to make a few minor repairs to address hazards or safety issues. For a typical home sale, a great deal of money and time are put into renovating or repairing a home. This extra work and money make selling your home more stressful. With a cash sale, you remove this stress and you can begin the sale process immediately.
Save On Closing Costs
Many home-sellers might not realize that there are some costs associated with selling. In a traditional sale, the seller is responsible for paying the commissions of both real estate agents. This can come out to about 6% of the sale price. Cash sales don’t usually involve real estate agents at all, so you don’t need to account for this major cost. When it comes down to it, a cash sale only requires you to pay the fees and taxes that accompany the sale.
Sell Faster
In a cash sale, the buyer doesn’t need a mortgage to pay for the home because they have all the money upfront. Instead of waiting weeks to months for your buyer to get approved for their mortgage, you can immediately begin the sale. Additionally, you aren’t required to have an appraisal or inspection done unless your buyer requests it. Overall, there are only a few steps to selling your home. Most cash sales are completed in 30 days or less, but it’s possible to complete the sale in as little as two weeks.
Selling your home doesn’t need to be a stressful process. A cash sale simplifies the steps and provides you with a much easier sale. Selling to a home buying company is a good option because they are experienced buyers who can guide you through the sale.
Simple Cash Offers is a home buying company that can offer you a better sale. Click here to learn more and receive a cash offer in just 24 hours.