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Tuesday, 18 June 2019
Agent Resource Center
This Old House - Do-it-Yourself

3 Benefits of Selling to a Cash Home Buyer

Written by Posted On Tuesday, 21 May 2019 06:25

You don't have to go through a real estate agent to sell your home. Keep reading for 3 benefits of selling to a cash home buyer.

About 5 million existing homes are sold in the United States every year.

If you’re one of those homeowners looking to offload their properties this year, there’s plenty of market. However, this doesn’t necessarily mean the property will fly off the market as quickly as you’d wish. There are a couple of factors that will influence how soon you close the deal, including whether you’ll sell to a cash buyer or a mortgage buyer.

You’re probably wondering, “What does it matter who I sell my house to?”

Well, in this article we’re telling you why you should sell to a cash home buyer.

Keep reading!

Sell Your Home Fast

Sometimes you don’t have the luxury of waiting for weeks or even months on end before you sell the property. There are times you want it gone – fast.

Perhaps you’re in the middle of a nasty divorce or you’re facing foreclosure or you just want to pack your bags and head off to a new city. Whatever your reason, selling to a cash buyer is your best chance of getting the transaction completed quickly.

Cash buyers have the money ready. If they like the property, they will buy it immediately.

But when you’re selling to a mortgage buyer, you have to wait for the lending process to run its course. If the buyer was pre-approved, for example, they have to go back to the lender and apply for final approval. This can take weeks.

No Need to Repair the Property

An existing home usually needs some repairs and maintenance before it’s placed on the market. This helps boost its market value and gives you a stronger hand in negotiations.

However, these repairs cost money – which might not be at your disposal. Or you might not have the time to look for contractors and wait for days as the property is fixed.

What do you do?

When you sell to a cash home buyer, you have the opportunity to sell your property as is. These are the types of properties cash buyers like because their plan is to fix them up and resale at a profit.

Pocket All the Money

Real estate agent commissions are the bane of home selling.

However, agents typically come into play when you’re selling to a mortgage buyer. In this case, these professionals will help you deal with paperwork, and for that, they earn a commission (usually 5-6% of the home’s sale price).

Wouldn’t you love to cut out the middleman and pocket all the money?

If yes, sell to a cash home buyer. These buyers typically handle all the paperwork, because their intention is to snap up the property as quickly as possible. As a result, you don’t have to hire any agents to represent you.

Consider Selling to a Cash Home Buyer

Selling a residential property can be a quick and smooth process, or it can be long and complicated. It all depends on the type of buyer you choose to do business with.

If you’re all in for a quick and smooth process, sell to a cash home buyer.

Keep tabs on our site for more sellers’ tips and advice

Listing Additional Info

  • State: Texas
  • Address: 1510 Sundown Lane
  • City: Austin
  • Zipcode: 78758
  • SOLD: no
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Stacy Stein

stacy is a real estate writer, and she would like to real estate, business-related topics, she would like to go out with her friends. she studied business management from California University and she presently lives in California.  

 

 

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