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5 Good Reasons Why You Should Sell Your Home for Cash

by Marquette Turner Luxury Homes

in Features, Variety

Three of the most difficult things to sell in the US are yourself, life insurance, and a house. And that last item is the messiest of the three. Selling a house can be a frustrating affair and doing so on your own without an agent is just plain tedious. This is because it takes a lot of effort, time, and money to sell a house. One has to walk the fine line between keeping the property from going stale and keeping it from being undervalued. Sometimes you may want to sell your house quickly in order to buy another but the process can be so long that you either end up paying two mortgages or waiting forever.

But have you ever considered selling your house for cash? Did you ever wonder if it was possible? If you did, then the answer is – Yes! Selling your home for cash is one of the fastest (if not the fastest) ways of selling your home. Here’s how it works typically:

  • You make arrangements with an interested buyer, typically a real estate investor, to come and evaluate your home determine its worth and how much they are looking to give for it.
  • Next they will make you a cash offer (hopefully one you cannot resist) and when you accept, the buyer will manage the paperwork through a title firm.
  • In a few days’ time your home will be sold and you can smile to the bank.

Or you could visit yourtrustedhomebuyer.com/sell-my-house-miami/and get it done in record time.  But first, we have outlined five reasons why you should sell your house for cash. 

  1. Zero Dollars Spent On By You Repairs 

One of the biggest scares about selling a home is the amount of money that is needed to put the house in order before prospective buyers start rolling in. This repair cost can run into thousands or tens of thousands depending on the amount of fixing needed. Most houses cannot be sold without repairs which makes this a necessary expense. No bank will provide buyer financing for a home in disrepair and no agent will take up the task of selling a home in such a state. Prospective buyers can get turned off by even the smallest defect in a home.

But when selling your home to a cash buyer, it is sold as-is; you do not need to make any repairs on the house because it becomes the buyers’ problem. 

  • You Get A Much Quicker Closing

Closing is unarguably one of the most difficult, colorless, and time-wasting aspects of selling a home when selling through a realtor, an agent, or by yourself. This can drag on for weeks and weeks, and even span into several months in some cases. The major causes of the delay are property appraisals, loan processing, mandatory repairs, and nearly-endless inspections, especially if the buyer is paying through a lender.

And if you are closely involved with the sale, you would have to make out time to answer calls from prospective buyers. You also have to be physically available to show them the property when they arrive.

When selling your house to a buyer for cash, it relieves you of the hassles of repairs, inspections, and appraisals. This way, the entire closing process is wrapped up very quickly and smoothly.

  • You Do Not Have To Attend To Or Receive Calls From Strangers

We may have mentioned taking phone calls from prospective buyers in the previous point lightly but it is very significant. If you were selling your home through newspaper or online ads, you would be saddled with the responsibility of fielding numerous calls from all kinds of people. And each call could take anywhere from five minutes to an hour. A good number of these calls will not end in a deal and will only end up wasting your time. In addition to fielding calls, you would have to set up several appointments to show the house to potential buyers. Letting total strangers into your home on a weekly basis can be an unsettling exercise. And keeping these appointments alongside a fulltime job is can be too much to handle. Cash buyers do not need to make endless visits to your home. Major aspects of the deal can be discussed in person over the weekend over coffee, thus, eliminating the need to fix several appointments or receive more than a few calls. 

  • Save Thousands On Realtor Fees

Although real estate agents can save you from some of the stress of selling your home, you do have to pay for their services. They are helping you to sell your home and their services are not free. You are most likely going to be billed heavily plus you will pay for inspections and repairs. So basically, you are going to be splitting your profits between the agency and yourself. However, selling your home for cash saves you thousands of dollars on agency or realtor fees, thereby, helping you keep 100% of your profits. 

  • Once It’s Done, It’s Done

Sometimes when selling a home through the traditional means, buyers miss a few things. And then when the deal is long over you begin to get calls from them about one defect or the other that they didn’t take note of during the buying process. When working with cash buyers, all liabilities are lifted off your shoulders and put on theirs. They are aware of whatever risks that come with buying your home and are prepared for them. And so when the deal is done there would be no calls to worry about.

These are the five major reasons you should consider selling your house for cash. Another good thing is that cash buyers are quite flexible and are willing to work with you to come up with the best offer for your situation. So why not save yourself the pain, time, and some money, and sell your house for cash. You will be glad you did.

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