Most home sellers are concerned about how much time and effort will it take to make a house ready for a sale. That includes staging, cleaning, doing repairs, and upgrades. It is usual for sellers to want to sell house fast, but usually selling a house takes a while.
Time is not the only cause of worry. You also have to think about how much it would cost to do all the repairs, upgrades, staging, and cleaning to prepare your home for a sale. The good news is, there’s a more convenient alternative to the traditional home sale—sell house for cash.
Selling your house to a reputable ‘we buy houses for cash’ company offers a slew of advantages over a conventional sale, such as reduced time, cost savings, and of course, less stress. Read on to know why cash buyers are better than traditional home buyers.
What are the advantages of accepting a cash offer for my house?
No Appraisal For A Cash Home Sale
Most conventional sales involve a buyer working with a mortgage lender. To reduce the financial risk of the lender (in case the buyer forecloses), the lender has to determine that the home being asked to finance is worth at least the loan amount.
Most of the time, an appraisal is being done to determine the value of the home. If the appraisal is low, the lender may not finance the home sale which is the main reason why most home sale falls through.
No appraisal is needed when you sell your house for cash. Hence, you are getting rid of a huge obstacle from the home selling process. No mortgage lender is needed. Cash home buyers are loaded so they won’t need a third-party for them to pay for your house.
Fast Closing When You Sell Your House For Cash
Cash offer beats traditional sales when it comes to speed in closing. Since you are taking out the mortgage lending process in the picture, cash sales take less time to close. Most conventional home sales need a mortgage to be underwritten. It could take 30 to 60 days and a lot can happen during this period.
A buyer’s financial situation can change in that period causing a lender to decline the loan application, putting the deal off. Whereas, a cash sale is not dependent on any mortgage underwriting which means you can save time and reduce the risk of a deal falling through.
The quicker selling process is also favorable to those who are moving for a job and those who are getting divorced. Why wait for a sluggish market when you can sell house fast for cash?
Reduce Stress And Expenses When You Sell To Cash Home Buyers
Selling a house is no walk in the park. You have to repair, upgrade, clean, and stage. Then you have to find a reliable and effective agent, go through appraisal and inspection, and make sure your home is spotless during showings and open houses. You also how to worry about how long it will take to sell. You don’t have to go to all of these when you go for a cash offer.
Aside from reducing stress, selling your house for cash also reduces the overall costs of selling a house. A cash house buyer will buy your house as it is so you don’t have to spend money on repairs and upgrades. You don’t even have to worry about getting rid of the junk in your house. They’ll take care of it.
A trusted cash home buyer like the Cincinnati Property Twins will even pay for closing fees. On top of that, they have a team of professionals who will take care of the closing and paperwork process for you. If convenience and getting the house sold quickly are your priorities, then go for a cash buyer.