If you are having a hard time finding a buyer for your home, it may be time to find a cash home buyer. Here are reasons you should sell your house for cash.
Right now in the U.S., the housing market is in something of a tumultuous position. Interest rates are low, but tens of thousands of houses are also being pulled off the market left and right as owners struggle to make sales.
Are you having a hard time selling your house? Do you need to get it off the market fast? Do you want to get a fair house price quickly so you can move away and get on with your life?
If you said “yes" to any of these questions, one of the best options for you is to look into working with cash house buyers. Listed below are the top eight reasons why you ought to sell your house for cash today.
1. Keep All the Cash
When you sell a house in the traditional way (i.e., working with a real estate agent), you don’t get to keep all of the money you earn from the sale. A portion of the proceeds from the house goes to the agent as a commission. There are also additional fees and other expenses you have worry about on top of the commission, all of which minimize the amount of money that ends up in your bank account.
If you’re trying to sell your house quickly because you need money right away, you’re much better off working with a cash buyer. A cash buyer, of course, gives you cash for your house. They also don’t take any commissions, so you get to keep everything from the sale and use it any way you’d like.
2. No Need to Make Repairs
Most of the time, when you’re selling a house through a real estate agent, it’s expected that you will make repairs to the property to increase its sales price.
Is it nice to potentially get a little extra money for your house when it sells? Sure. When you’re trying to sell the house as quickly as possible, though, it’s not ideal to spend time and money making repairs before putting it on the market.
Selling your house to a cash buyer allows you to bypass the repair process. You can sell your house as-is without having to invest your precious time and money into fixing it up.
3. Less Risk of the Sale Falling Through
One of the most stressful things about a traditional home sale is the fact that it’s not uncommon for sales to fall through at the last minute. Things can be moving along just fine, and you can get all the way up to the closing date and then have something go wrong. The buyers might not have their loan application approved, for example, or they might just decide to back out and not buy your house.
No matter what the reason, a sale falling through is stressful and frustrating. When you work with a cash buyer, the chances of that happening are very slim, though. Once you come to an agreement, you can feel confident that the buyer will follow through and help you get out of your house quickly.
4. Sell Your House Quickly
Speaking of getting out of your house quickly, that’s another advantage of selling for cash.
The average home sale takes about 50 days to close, but cash buyers work much faster. They will often make you an offer within 24 hours of looking at your house, and the entire sale process can be wrapped up in as little as a week.
If you’re ready to get out of your house and move on to your next adventure, selling to a cash buyer is the way to go.
5. Avoid Inspections
One reason why cash sales can happen so quickly is that you don’t have to worry about going through and paying for inspections or appraisals. Cash buyers anticipate the houses they buy having flaws, so they’re not concerned about learning about everything that’s wrong with it before they make you an offer.
A cash buyer will take a quick look at your home so they can make you a fair offer. However, they’re not going to waste your time (or theirs) bringing in outside inspectors or appraisers.
6. Sell Inherited Homes
You can also work with a cash buyer if you’ve inherited a home that you’d like to get off your hands as soon as possible. Cash buyers will buy any type of property, including an inherited home.
It doesn’t matter if you’re not interested in paying for the upkeep of an inherited house or if you’d just like to have some extra cash in your bank account. Either way, a cash buyer will work with you and free you from the obligations of maintaining another house in no time.
7. No Obligations
A common question people ask about cash buyers has to do with obligations. Are you obligated to sell to a cash buyer just because they’ve made you an offer? Absolutely not!
If you decide you’d rather sell your house the old-fashioned way after talking to a cash buyer, you’re welcome to do so. You don’t have to make any commitments after receiving their offer, and you’re welcome to think about it for a few days before you make a final decision.
8. Sell Your House Stress-Free
For many people, this last reason is reason enough to work with a cash buyer instead of selling their house on the market with an agent or by themselves. Selling your house is a stressful process, and in 2020, the last thing most of us want is more stress.
Selling to a cash buyer helps you wrap things up as quickly and headache-free as possible. You can get rid of your house, get cash in your pocket, and move forward with your life.
Sell Your House for Cash Today
Now that you’ve reviewed the advantages of selling houses quick for cash, are you interested in taking this approach? Do you want to find someone who’s business involves buying houses for cash to take your property off your hands?
If you’re looking for someone who buys houses in Chicago for cash, we’re here to help. We provide you with a fast, fair, and free cash offer with no fees, commissions, or obligations. Contact us to learn more or to get started today.