When gearing up to sell your home, there are two main questions to ask yourself.
1) How soon do I want to sell? and
2) How much time and effort am I willing to put into selling?
If you want to sell quickly and hassle-free, then a cash offer from a local real estate investor is a great option for you. Cash offers come with a number of benefits, among them time and money savings and the peace of mind you get as a seller.
If time is of the essence, then selling your home to a cash buyer is a great way to speed things up. Traditional buyers tend to rely on bank financing, which typically takes 30-45 days to get approval and close. Banks and mortgage lenders will also likely require an appraisal, which if it
comes back low, could allow the buyer to back out without penalty, and restart the whole process of finding a new buyer and closing. Simply put, the longer a home is under contract the
more likely something will go wrong. A cash purchase keeps that time period as short as
Possible. During buyers’ markets, days markets soar as demand decreases and supply increases. If you are in a time crunch, consider selling your home as is to a cash investor. Cash investors do not require bank approval, and therefore do not need to wait to close. Many cash buyers can close within days of clear title, saving you weeks if not months.
You’ve heard the old adage that ‘time is money’ and that remains true when selling a home. The
longer a property sits on the market, the more you will pay into your own mortgage, income tax, and holding costs like utilities, insurance, and routine cleanings to maintain a showable home. When you sell your house for cash, you can sell quicker and save thousands. In addition to saving on holding costs, many buyers require repairs or sellers’ concessions which
eat into your profits. If you are selling your home for cash to an investor, they will likely purchase
the property without requiring repairs, and may even waive a realtor’s commission and/or cover
closing costs, saving you roughly another five percent or more.
Peace of Mind
Selling your home to a cash buyer can considerably reduce the time and money spent. But possibly the best benefit of selling your home to a cash buyer is the reduced hassle and increased peace of mind. Cash sales significantly reduce the sales timeline, reducing the chance for things to come up or go wrong. Cash investors offer an additional layer of peace of mind by purchasing as is and not requiring inspections, repairs, or renovations that traditional buyers may require to close. Reputable cash buyers are making a financial decision when they offer to purchase your home.
Removing the emotion of a traditional buyer also reduced the chance of a buyer simply
changing their mind mid-sale. If you are interested in saving time, and money and having peace of mind when selling your home, a cash sale, particularly to a local investor, is a great option!