Selling your home is not always a walk in the park. In fact, many homeowners tend to have anxiety over the timeline of selling their home, not to mention the significant costs.
If you plan on selling your home with the help of a realtor, there are a myriad of costs to consider. Just some of these include realtor commission fees, home repairs and upgrades, home staging, closing costs, and more.
In short, selling your home the traditional way can be expensive and time-consuming. That’s why selling to a home cash buyer is a great alternative. Here’s what you need to know about the process and its benefits…
1. Selling to a Home Cash Buyer Is Quicker
First and foremost, you can cut out quite a few ”middlemen” when you sell your home to a cash buyer. This in itself makes for a much quicker home selling experience.
Selling your home for cash means you don’t have to deal with lenders, realtors, home stagers, or handle multiple negotiations on price. Cash offers usually take around two weeks, on average. And this includes filling out and approving documents, and closing on the home sale.
Whatever your personal circumstances, selling your home to a cash buyer is your best bet if you need (or want to) move out of your home quickly.
2. You Can Cut Out Extra Fees and Save Money
As mentioned earlier, selling your home with the help of a realtor is no cheap endeavor. There is a multitude of fees that come with the territory. But if you choose to sell your home for cash, you get to skip most (if not all) of these fees.
Accepting an all-in cash offer means can forgo all the fees related to a mortgage application and lenders. When you sell to a cash buyer they don’t need to apply for a mortgage, so you’ll also save time on processing documentation.
Cash buyers tend to buy your home ”as is”, too. The good news is that you can save even more money this way because you don’t have to fork out for home upgrades or repairs, appraisal, or home staging costs. You can just sell your home for what it is and accept the best cash offer.
3. You Get To Skip the Marketing Process
There’s no denying that the marketing of your home when you choose to sell via the traditional route tends to take up the most time. It’s also an expensive process.
You’ll need to upgrade and repair your home, then professional stagers will set the scene, and then it’s photographed by professionals. Only after this is your home ready for marketing. It’s a lengthy process that can sometimes take weeks to prepare.
However, when you sell your home for cash you don’t have to stress about this entire marketing process. There are a number of savvy companies ready and waiting to purchase your home in half the amount of time.
Not only this, but you have the power of who you choose to sell your home to as an all-cash deal. If you’re not tech-savvy and don’t know the first thing about advertising a home, selling for cash is also far easier and simpler for you.
4. There’s No Need for Time-Consuming Home Showings
Another great benefit of choosing to sell your home for cash is the fact that you can skip home showings. Along with this, you get to skip home staging, which, as mentioned, can cost you a pretty penny.
This makes the process of selling your home all the more convenient. You don’t have to sacrifice your evenings, mornings, or weekends perfecting and showing off your home to strangers. This lowers the stress and effort of selling your home altogether.
5. You Don’t Have to Stress About Lending Issues
There’s no denying that the mortgage application process is also one of the most time-consuming aspects of selling a home. When you work with a buyer applying for a mortgage there’s plenty of opportunity to run into financial barriers.
To add to this, lenders can also pull out of a mortgage deal at any time, leaving both you and the homebuyer hanging for who knows how long. A buyer can also do the same — drop out of a deal if they do not qualify for the right mortgage.
This leaves you back at square one and your home sits on the market for even longer.
But when you sell to a cash buyer, most of these financial issues are not something you need to worry about. Cash buyers are less likely to drop out of a deal, and they don’t have a lender that they’re relying on. All it comes down to is a quick yes or no agreement based on the price between you and the buyer.
7. There’s No Need for Price Haggling
Most, if not all, cash offers require very little negotiation on price. In some cases, you might not even have to negotiate at all. You simply set the price and accept the nearest offer or one that exceeds it.
This is great news for homeowners who are selling via the traditional route, without the help of a realtor and their negotiation skills. Most of the time, homeowners do not do their own price negotiation or haggling — it’s the realtor’s job.
And in reality, price negotiation can also delay the process of selling your home. So, if you’re not a haggler or negotiator by nature (not many people are well-versed in this) and want to save time on selling your home, go for a cash offer!
Looking for a Reliable Cash Buyer of Your Home?
If you’re considering selling to a home cash buyer, then look no further than the services of We Buy Houses Memphis. We aim to remove the stress, additional cost, and hassle of selling your home with reasonable cash offers.
It’s as simple as getting in touch with our team who will come back with a cash offer in no longer than 24-hours. Get an idea of the type of properties we purchase for more!