It’s a popular piece of advice: doing a “For Sale By Owner” transaction instead of a traditional home sale is a way of saving money. Today, about 8% of all sellers go this route, hoping to make a sale without the expertise of a real estate agent to save on commission fees.
But if you’re hoping to make a fast, fair sale, there’s an easier way. Selling your house for cash can be a great approach if you’re hoping to save on fees, and it’s also a simpler and more straightforward method of selling your home.
Interested? Let’s take a look at seven key reasons to sell your house for cash in “as-is” condition.
1. The Sale Happens Faster
The traditional home-buying process is notoriously full of complex steps and potential pitfalls, which is why homes sit on the market for about two months on average. However, if your home-selling process sees any complications, like the buyer’s funding falling through, it could stay on the market even longer. In addition, less desirable homes in lackluster locations or with major repair issues may require a much longer sale process.
When you sell a house for cash, on the other hand, you can wrap up the sale in about a week or two once the title has been cleared. This allows you to sidestep all of the hassles of the traditional sale process, from working with a real estate agent to fixing up your property. You won’t even have to worry about scheduling multiple open houses or waiting for home inspectors to show.
In other words, a key benefit of selling a house for cash is the convenience and the time you’ll save in the end!
2. The Process Is Much More Straightforward
If complications, negotiations, and endless research frustrate you, selling your house for cash in an “as-is” condition may be the right choice. The sale process is much more clear and straightforward than the traditional route!
When you work with a cash buyer, all you’ll need to provide are simple details about the house and neighborhood. You’ll also need to send over photos of your home to allow the cash buyer to learn about its condition.
Once you’ve sent this info, the cash buyer will do some research and analysis to come up with a fair purchase price for a house in your home’s condition and in your current neighborhood. At that point, they’ll get in touch with you to make you a no-obligation cash offer!
3. There Are No Last-Minute Changes
One of the most stressful parts of the home sale process is that even if you do everything right, your sale can still fall through at the last minute. For example, the buyer may not be able to secure funding, or they may get cold feet.
When you sell your house for cash, on the other hand, you don’t have to worry that the offer might fall through. Once you’ve accepted your cash offer, cash buyers will have an inspection period to get a final number on repair costs from contractors. As long as everything checks out, once the inspection period has been completed you can consider the process pretty much complete. All you have to do is wait for the clear to close approval from the title company facilitating the transaction!
4. You’ll Have a Lot Less Stress
The typical home selling process is one of the most stressful events in most people’s lives—even more stressful than getting divorced, research shows. Worries over the time-consuming process, the simultaneous struggle to buy a new home and move in, and the financial concerns can all be daunting. That’s without mentioning the uncertainty over the sale price.
It’s no wonder a full one-third of sellers cry at least once during the process! If you’re hoping to keep stress at bay, a quick and easy cash sale can save you from the worries and uncertainty of a drawn-out sale process.
5. You Don’t Need to Invest Time and Effort in Repairs
Homes are sold on the value of their curb appeal, as well as on the fact that all of their parts function as needed. If your home is looking a little worse for wear, or if there are structural issues in play, you might have a hard time making the sale.
This is why many homeowners who go through the traditional route invest their time and effort into expensive repairs and renovations, hoping to earn what ROI they can. That’s without considering the costs of deep cleaning and staging a home to impress potential buyers.
Selling a house for cash allows you to get money into your hands without putting all of your time into costly fixes. Because your home gets sold on an “as-is” basis, the cash home buyer won’t expect you to deal with repairs or renovations. As a result, their offer is based on the value of the property itself.
6. You’ll Put More Money Back Into Your Pocket
It’s an inescapable fact: if you did decide to renovate, repair, clean, and stage your home, you might eventually be able to snare a buyer willing to pay a high price for it.
However, don’t forget about the countless hidden costs of selling a home. You can expect to give a 5-6% commission fee to your real estate agent, for example, and closing costs often total in the hundreds or thousands.
With a cash sale, all of that money stays in your pockets, and what you see in the cash offer is what you get—no need to pay realtor commissions or extra fees, most cash buyers will even cover your closing costs as well.
Selling a House for Cash Is Easy With Us
If you’re thinking about selling your house for cash to take advantage of the benefits above, we’d love to help. We are cash buyers who buy Texas homes without the need for repairs, renovations, or cleaning—and without additional fees! No matter the condition of your home, we’re here to offer a hassle-free transaction.