About 23% of homes are sold with all-cash offers.
Are you considering selling your home? Imagine this: you hire a realtor, get the house in tip-top shape for photos, find busy work when you need to leave for showings and open houses, go back and forth negotiating bids, and spend hours signing paperwork knowing all the while that something might fall through.
That probably doesn’t sound too appealing to you. It’s typically a very stressful and drawn-out process.
Now imagine this scenario: someone views your home one time to assess the value, they make an offer, you choose to accept or not, and sign the final paperwork.
Ideally, it would be best if you considered selling a home for cash to save time. Read on to learn more about the process of selling real estate for cash and the possible benefits.
What’s the Process?
In order to sell a house for cash, there are specific steps that need to be taken to close the deal. The exact steps may vary, but overall you can expect this general process to be similar to the steps listed below:
- Reach out to the company and give them your contact information along with some basic information about your property.
- Wait for a call back to schedule a meeting.
- The property will be evaluated, and a cash offer will be made within 24 hours.
- If you accept, the closing will be based on your schedule, and you will get paid promptly.
At any point in the process, you will be able to ask questions so that you feel comfortable and confident with any decisions that you need to make.
Along with a more simple process, you can expect to see other benefits that make selling your home way more appealing than anything else.
Benefit #1: Speed
Compared to a traditional home sale process, selling property for cash is much quicker and, in turn, more straightforward.
There are many reasons why someone might find themselves in the position that they need to sell a home quickly:
- Death in the family
- Relocation required for a job
- A recent marriage
- A new divorce
- Growing family
- Potential foreclosure
- Financial difficulties
- Major damages
Being able to skip out on marketing, showings, negotiations, and dealing with a mortgage being underwritten all save time. This can be vital when dealing with one of the situations mentioned above.
If you need to sell your home quickly, an all-cash offer is the way to go. You will have peace of mind knowing that your home will be sold quickly, which takes a lot of stress out of the equation and allows you to focus on other things.
Benefit #2: Less Risk
As mentioned earlier, throughout the process of selling your home in a situation that requires financing, it can fall through at any moment due to various circumstances.
The buyer’s credit could fall, the inspection might require things to be fixed for things to move forward, an appraisal could lead to a needed price adjustment, and any other number of things could go wrong.
This means that something could happen at the last minute, and you would be right back at square one, needing to list your home and hoping to find a new buyer. However, with an all-cash offer, the risk is significantly lessened because you don’t need to worry about all of the intricacies of the buyer dealing with a bank to secure funds.
Benefit #3: Save Money
In a typical home sale, the seller often pays not only a real estate agent but also part of the closing costs as well.
In addition, if things from an appraisal or home inspection need to be fixed for sale to move along, the seller is responsible for any repairs or upgrades, which can add up quickly.
All of these costs eat away from your overall profit and add time to the process too.
When you sell a home for cash, the house is often sold as-is, and no significant changes need to be made. This saves you time and money.
Benefit #4: Less Stress Overall
Dealing with all of the little things that go into selling your home leads to stressful situations. If you’re already dealing with a major stressor in your personal life, adding on stresses related to selling your home is an unnecessary burden to have.
Skip the endless phone calls and waiting on the edge of your seat for news about bids and how the process is moving along and settle for a straightforward process instead.
Rather than dealing with a process that can take months—or more, go with the process that’s over within a matter of days or weeks instead.
Sell the Simple Way: Selling a Home for Cash
Whether it’s due to unexpected circumstances or simply the need for change, selling your home doesn’t need to be a majorly stressful situation.
Consider selling your home for cash to reap the four benefits mentioned in this article. You can deal with less stress and less risk. You will also find the process much quicker overall, and you can end up saving money in the long run.
Imagine the burden of selling your home being lifted in days rather than months, freeing you up to deal with other issues in life.
If this sounds like an ideal situation to you, please get in touch with us to learn more about what you can expect from this process.