In many cases, selling a home is considered stressful. However, it doesn’t have to be. A cash home sale is more streamlined and it can benefit you in many ways. Selling your home can be simple rather than a hassle.
Sell As Is
One of the benefits of selling to a cash buyer is you typically don’t need to worry about making repairs or renovations to your home. Most cash buyers are looking to purchase homes as is. They then take on the responsibility of making repairs to the home before selling it again. Selling your home as is will save you a lot of time and money. Renovations usually end up costing more than you originally planned and they can delay the sale for several weeks until they’re completed. In a cash sale, you’ll have a lot less to worry about and you can sell your home immediately.
Cash buyers will have all the money for the sale upfront and won’t need any kind of loan to back them. This means you don’t need to wait for your buyer to get approved for a mortgage loan. This alone can take weeks off the sale because you can begin the transfer of property immediately after finding a buyer and settling on a price. Additionally, the lack of a mortgage removes certain requirements. You don’t need to have an appraisal or inspection done unless your buyer requests it. There are fewer steps in a cash sale and it’s possible to sell your home in a few short weeks.
In a traditional sale, the seller pays the commissions of both real estate agents. Typically, this comes out to about 6% of the sale price split between both realtors. This is a significant amount of money. Fortunately, cash sales don’t usually involve real estate agents. This means you will pay much less in closing costs. When it comes time to close, you only need to pay the required fees and taxes. You also save money in a cash sale because you don’t need to pay for repairs, staging, and many other aspects of home selling.
A cash sale removes a lot of the hassle of selling your home. If you sell to a home buying company, you can get an offer in as little as 24 hours and close on the sale in a week or two. This type of sale saves you time, money, and effort.
Grimes Home Buyers can offer you a convenient home selling experience. Click here to get your fast cash offer.