In 2019, over 5 million existing homes were sold in the U.S.
Have you been thinking about selling your home but you’re stressed about the process?
You might consider selling your home to a cash buyer.
Check out these five advantages of getting cash for houses.
1. It’s Fast
If you put your home on the market, it will, on average, sit there for about four weeks. If you aren’t lucky, though, you could be waiting on receiving reasonable offers for months or even years.
Once you finally receive an offer you’re willing to consider, there is the back and forth process of negotiation.
If you think you’re in the home stretch, you’re wrong! When you sell a house to someone who is seeking lender financing, the process can be incredibly slow. Basically a snail’s pace, and at any point, something can go wrong and kill the deal.
For months, the sale of your house will hang in the air. You’ll only be able to get a good night’s sleep once the closing finally occurs.
Does all this make you wonder how to get cash for your house instead?
No one would blame you. When someone buys your house for cash the process is way faster, with the purchasing and the closing happening in a very timely manner. A cash sale can occur in as little as a few days.
2. It’s Less Likely to Get Delayed or Fall Through
There are a million little things that could delay a closing or make the deal fall through entirely when buyers are getting a traditional mortgage. When this type of event occurs, your options are to take legal action or simply start from scratch, no further along in the process than you were before. On top of that, people might be skeptical of your property because of how long it’s been on the market at this point.
When you sell your house for cash, there is a lot less of a chance that the deal will fall through or get delayed. There isn’t a mortgage that needs to be approved or the constant demands of a lender. The money is instead available immediately, without the lengthly waiting period that can lead the deal falling apart.
3. You Don’t Have to Pay a Real Estate Agent
When you’re putting your house on the market, it’s fairly standard to hire a real estate agent. The fees for hiring an agent are pretty pricey, though, usually amounting to 5-6% of the sale price of the home. While that might not sound like that much, if you’re selling a home for $300,000, that means the real estate agents get between $15,000-$18,000 of what would otherwise go in your pocket!
Avoid all the annoying additional fees of selling your home by selling it for cash. When you consider that it’s also frequently expected that you’ll doll up your house and make a bunch of repairs, the stigma that you get less when you sell for cash is not particularly reasonable.
4. You Don’t Have to Make Any Repairs
When it’s time to list your house on the market, it’s standard for you to do a wide range of minor to major repairs. Depending on the condition of your house, it could make sense for you to do things as simple as fixing a leaky faucet and repainting to things as expensive as replacing the roof or redoing the bathroom.
When you’re selling a house, the last thing you want to do is pour a bunch more money into it. When people buy houses for cash, they are buying them “as is.” Cash buyers tend to be more concerend with the property itself rather than aesthetic specifics.
5. It’s Way Less Stressful
Is there anything more stressful than selling a house? When you look for home selling advice online, you’ll find a laundry list of things to spend money on, things to research, and things to worry about.
Is selling your house is stressing you out? Don’t worry, you’re not alone. One survey even found that the process brough 36% of Americans who were selling their homes to tears.
When you’re house is on the market or under contract, there are so many factors that are completely out of your control. All you can really do is hope and wait, often for an extended period of time.
When the house is on the market, you’re spending money and time keeping it in perfect condition for showings. Landscaping, yard work, and other upkeep is a nearly constant responsibility.
Once you’re finally under contract, there’s still a lot that could go wrong. While everyone agrees that both buying and selling houses are stressful process, it’s frankly more stressful to sell a home.
Through selling a house by traditional means, there are a number of things you have to worry about and probably spend money on. Repairs and upgrades, keeping your curb appeal top notch, decluttering your space and keeping it clean, staging, showing, and then the reality of the buyers financing process… it’s all a bit too much!
When you look into how to get cash for your house, it’s relatively simple. To learn about the criteria for the houses we buy for cash, click here.
We Pay Cash For Houses in Maryland
Whether you’ve been thinking about selling for a while or you just inherited a property you’re not sure what to do with, selling your house for cash can be the right option for some individuals and families.
Are you looking to sell your house for cash in the Baltimore area and other surrounding areas in Maryland? Contact us today to learn how we can help you reach your goals and to have any questions you might have answered.