In the United States, 92% of homes are sold using a real estate agent or a broker. While real estate agents can help you sell your home and get the best price, they also cost a lot of money in closing fees.
To make sure you get the most money out of the selling processes, you can try selling for cash.
Do you want to learn more about the benefits of selling a home to a cash buyer? Keep reading these seven reasons you should consider a cash buyer when you sell your home.
1. Closes Faster
One of the biggest benefits of selling your home to a cash buyer is that your deals will close faster. The home selling process can take several weeks. In fact, the National Association of Realtors showed that most homes remained on the market for an average of 39 days before closing.
Something that makes this process even longer is dealing with lenders. It is difficult to apply for a mortgage and to secure financing to purchase a home.
With all-cash offers, you do not need to go through these lenders. To finish filling out documents and to close on an all-cash purchase will take about two weeks. This means you can move out of your home faster and into your new house!
This is especially important for people who are trying to move as quickly as possible, whether this is for a new job or another commitment.
2. Fewer Selling Fees
As was mentioned before, selling your home with a realtor can cost you a lot of money. Most realtors charge a real estate commission of about 3% to 6% of the sale price of your home. This can end up costing over $10,000, depending on the price of your house.
The home seller is generally the one who pays the full commission for their listing agent as well as the buyer’s agent.
However, selling a home to a cash buyer takes out the need for a realtor, which saves you thousands of dollars on these commission fees. You can also avoid mortgage lender fees, as all-cash offers do not require mortgages.
It is also better for people to buy a house in cash, as it helps them avoid interest fees from mortgage lenders.
3. Doesn’t Require Marketing
Cash offers also require much less work to sell a home. When you are selling a home the traditional way, you have to list your house on the market, arrange for open houses, showings, and more.
However, sellers who want a cash offer do not need to market their homes. Instead, the seller usually finds the buyers when they are looking for an all-cash offer. This means you don’t have to deal with listings, advertisements, or realtors.
To make the selling process much simpler, you should find a cash buyer.
4. Prevents the Sale From Falling Through
When you are buying a house, there are many things that can cause the sale of the home to fall through. Most often, buyers deal with lending issues and other financial barriers that prevent them from buying a house.
If someone is ready to buy your house and the lender drops out of the deal, you will have to start the entire selling process over again.
However, cash-buyers do not need to work with a lender, because they already have the money for your home. This will help you sell your home more efficiently and prevent roadblocks from slowing down the process.
5. No Negotiation
Another reason why you should consider selling for cash is that cash-offers do not require negotiation. When you are selling a house, potential buyers will make offers and try to get a lower price for the house.
However, with a cash buyer, you can set the price for your home and take the best offer you receive. Because more and more people are buying with cash, you can afford to turn down offers that aren’t high enough.
This is especially beneficial to those who don’t have experience negotiating and who aren’t working with a real estate agent.
6. No Repairs or Staging
A common hassle of selling your home to a traditional buyer is that it often requires you to make many repairs and improvements to your home. You may even have to hire a professional stager to help your home stand out on real estate listings.
However, many cash buyers will take your home in any condition. This means you can get the most money for your house without having to pay for expensive repairs, like a new roof. You don’t even have to clean your home before selling it to a cash buyer.
7. Lowers Your Stress
Finally, selling your home to a cash buyer is an easy way to lower your stress. Moving can be one of the most stressful life events, especially if you have to make repairs to your home, negotiate prices, and more.
When you sell your house to a cash buyer, you don’t have to worry about any of this. Instead, you can sell your house faster and for more money.
You also don’t have to worry about the deal falling through or hunting for potential buyers.
Find a Cash Buyer for Your House
When you are trying to sell a house the traditional way, it can take several weeks of hard work and stress. However, choosing to find a cash buyer for your home makes the entire process much simpler.
Do you want to sell your home for cash? Dash Buyers can help!
We buy homes for cash in San Bernardino County and surrounding areas and help you sell your home without listing fees or open houses. Contact us today to learn more about our process and to get your free cash offer!