5 Reasons You Should Consider Selling Your House For Cash
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Why Us
Selling a home is a significant decision that comes with its own set of complexities. When you are on the edge, contemplating whether to list your property in the market, allow foreclosure, or trade it for cash, it can indeed be a daunting task to finalize the best method. This article unveils the top five reasons why selling your home for cash in can be a lucrative option.
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Speak to Our Friendly Team About a Cash Home Offer1. Rising Property Values
It’s a well-known fact that real estate prices are shooting up. Often, homeowners fear they might lose out on profits if they accept a cash offer. However, the current scenario is quite the opposite. Real estate investors are willing to shell out more than ever to acquire your property due to the escalating prices. The ongoing Covid-19 pandemic has made property acquisition even more challenging for investors, pushing homeowners into a position where they can accept higher cash offers than they did in 2018 and 2019.
2. The ‘As-Is’ Advantage
Is your property getting a bit too old? Are you worried about potential inspections or contingencies that could affect your sale? Selling your home ‘as-is’ alleviates these concerns. Traditional retail buying and selling processes can be a hassle, especially when buyers refuse to make an offer without a thorough inspection. But when you sell your home ‘as-is’, you won’t have to worry about uncovering hidden damages that could cost you a fortune.
3. No Need for Agents
One often overlooked aspect of selling a home on the market is the 6% buyer and seller fees. With 3% going to the seller’s agent and 3% to the buyer’s agent, these expenses can add up to a significant sum. For instance, if you were to sell your home for $200,000, agent fees alone would amount to $12,000! When you trade your home for cash, these fees are non-existent. The cash offer you see is what you get!
4. Time Efficiency
When you need to sell your home urgently, time becomes a crucial factor. Cleaning and preparing your home for potential buyers can be a tedious task. Accepting a cash offer allows you to close the deal in a short span, sometimes even within ten days! You no longer have to wait for mortgage approvals, appraisals, inspections, or showings. Traditional processes can take over 50 days or even longer. With a cash offer, you can close on your terms.
5. Absence of Hidden Costs
Owning a home can be expensive, especially when you consider the utility bills, property taxes, insurance costs, maintenance, miscellaneous repairs, and landscaping. These are the so-called “Hidden Fees” that you are paying the longer you hold the house. You also need to consider the costs involved in closing on the house, such as appraisal fees, closing fees, and taxes. When you accept a cash offer, these fees are waived off!