Should You or Should You Not Take That Cash for Home Offer?
Chances are you have come across ads on the internet and even on billboards of cash for home buyers. Have you thought about this option especially if you are going through a tough financial situation? You are probably wondering whether or not it is worth the attention it is getting, or there is a lot that has not been revealed. Here are some reasons to convince you of the need to sell your house fast to a cash house buyer.
The first reason is because the traditional route of selling a house is not only time-consuming but very costly especially when you rope in a real estate agent. An average real estate agent will be entitled to a whopping six percent should a sale go through. Selling your house to a cash buyer negates the need for a real estate agent since you will be dealing with the actual buyer directly. This means you save not just the six percent commission but many other fees. Some of these fees include appraisals, closing costs, inspection costs, and seller concessions fees to mention but a few.
The other notable benefit is the fact that the process is very straightforward with no complications. For one, the buyer is not relying on mortgage financing such that you are worried the mortgage may not be approved after all. Again, a cash home offer doesn’t come with closing delays or worries that the deal may fall apart in case the buyer doesn’t like your home. Remember, the cash for home investor is in the business of property investment meaning they won’t be living in your house. This means there are no emotional attachments to the purchase process that may warrant the deal not going through.
Arguably the most attractive advantage is you get to sell the house as-is. No doubt this is a far-fetched thought when going through a real estate agent since you need to renovate the house. Of course, fixing a home can be a very costly and time-consuming affair; with some costs even going through the roof. And then there is the whole hassle of overseeing and handling all the work, looking for and hiring the contractors, etc. A genuine cash home buyer, however, takes all this trouble away from you by ensuring they are buying the house as is with all the problems that need to be fixed. The buyer handles everything as they take the house in whatever state it is; whether or not all systems are functioning.