Benefits of Selling Your Home to a Cash Home Buyer

Category:

When it comes to selling a home a person needs to be prepared to have the home ready to show. They also need to consider the offers they will get on the home. Most homebuyers take out a mortgage to purchase the home. The owner gets the money that the buyers pay on the mortgage. This can take a lot of time and a lot can go wrong. There are many benefits of selling a home to a cash buyer.

Fast Process

If a person wants to get out of their home quickly they should sell to a cash home buyer like OnPoint Home Buyers. The process will happen quickly. A person can list their home and they can close in a short time. There will be no waiting on paperwork from the mortgage company.

No Delays

The traditional sales process where the buyer needs to take out a mortgage can lead to a lot of delays. There may be an issue with the buyer’s paperwork and closing may be pushed back. The buyer may not be able to get the funds and this will delay the sale. A cash offer will allow the seller to get their money without having to wait and see if the buyer is approved and waiting for all the paperwork to be completed.

Reduced Stress

When it comes to selling a home there is a lot to be done. The home will need some repairs before putting it on the market to make it appealing to buyers. The home will need to be appraised. There will also be showings. This can be a real pain and take up a lot of time.  For sellers that do not have the time a cash offer can save them a lot of time. They will not have to stage the home, have people come and show it, and they will not have to deal with having an open house.

Keep the Money

House sellers and buyers can keep all of the money from a cash sale. If a buyer were to hire a realtor they would have to give the realtor a specific percentage of the sale. A common rate is around six percent of the home sale. The buyer will also need to pay all of the closing costs and fees related to selling their home.  When the home is sold for cash the seller is selling the home directly to the buyer. They will not have to pay all of these fees. The buyer will get the total amount they are offered and will not have to pay the realtor their fees.

No Repairs

Every home will need some touch ups before it hits the market. Even homes that are well taken care of will at least need a new coat of paint. Older homes may need additional repairs. Deep cleaning will also be needed. When a person is selling their home for cash they will not have to do a thing. They can sell the home, meaning they do not have to make any repairs. The buyers will be able to do this if they decide to. The appearance of the home will not be a factor. The property value will be the main factor when it comes to cash sales.

Less Wasted Time

A buyer can accept an offer but things happen and sales fall through often at the last minute. The seller may not have gotten the final approval for a mortgage or they may decide to back out. With a cash sale, the transactions happen quickly. The closing process takes on average one to three weeks and there is no worrying if the buyer will be approved for a loan. If a buyer has the cash in hand and likes the home the sale can be completed quickly.

Simple Process

Selling a home for cash is much less complicated than selling a home on the traditional market. When a home is sold for cash the seller will communicate with the buyer. A buyer will give some information about their home. The sellers can then research the home and the surrounding neighborhood. They will see if the asking price is fair and if the home is worth the amount of the asking. If the seller likes the property they may want to see it. Within a day they will make an offer and the sale can be completed soon after. The sale is usually completed at an attorney’s office but there is no hassle with offers and other paperwork.

These are some of the benefits of selling a home for cash. If a buyer is looking to get rid of the home quickly and they do not want to put extra work into the home they should look into the cash option. They will get to keep all of the money they accept too which is another bonus.

Categories:
Businessner editorial team
Businessner editorial teamhttps://businessner.com/
Businessner.com is a fast-growing business website with deep financial, media, tech, automotive, and other industry verticals.