First Things First
If you are selling your home and know that the home buying process can be long and drawn out, you may be considering an all-cash buyer. If this is the case, we’re going to discuss what to look for in a cash buyer for your house, and the benefits of accepting an all-cash offer. It only makes sense to get the full picture before putting your house on the market and going the traditional route.
Cash Sales
Today, many homeowners are considering cash offers when it comes to selling their houses. This is due to many factors, plus so many things that can go wrong with potential buyers. But what does it mean to consider a cash offer, and how does it differ from a traditional sale? For one thing, it takes mortgage lenders out of the picture, which changes the entire process of selling a house.
No Mortgage
Can most of us even imagine having no mortgage payment? Taking the mortgage lender out of the picture means no time is spent waiting for the mortgage loan to be approved, or at the last minute having the buyer financing fall through. No time is wasted for the underwriting of the loan. And no mortgage lender means no house inspection is required, and no appraisal is necessary. Is it any wonder more homeowners today are hoping to receive cash offers?
No Real Estate Agents
If you know you’re going to sell your house for cash, there’s no need to find a real estate agent. No real estate agent means no commission to worry about having to pay. It means no professional photos and no open houses to worry about. No listing fees and no staging, either. These are all normally a big part of any traditional sale in real estate.
No House Repairs
Selling your house to a cash buyer means (in most cases) no house repairs will be necessary. Typically a cash buyer makes a cash offer on a house on an as-is basis, meaning no repairs are needed. This can be a significant worry to avoid for homeowners who need to sell fast. Taking these kinds of things into consideration saves time and money, often enough to make cash offers even more enticing.
Types of Cash Buyers
Just as there are all types of sellers, there are different types of cash buyers for houses. House flippers purchase homes that need minor repairs so they can fix them up and sell them for a profit. An individual may bring a significant amount of earnest money and proof of funds like a bank statement to make you an all-cash bid on your house.
Or, cash buyers may come from an investment company that wants to purchase your house. Selling traditionally and waiting for the right buyer may not be a luxury you can afford.
Types of Sellers
There are types of sellers who benefit most from cash offers. A seller having trouble with their own financing, struggling to make a mortgage payment they can no longer afford. A seller who can not pay on their house anymore and is at risk of foreclosure can benefit from a cash offer by paying off their loan and avoiding further credit issues.
In addition, a seller who needs to sell and move fast will greatly appreciate the speed of accepting a cash offer. A cash offer can close in as little as a week, compared to over a month traditionally.
The Market
Depending on the real estate market at the time, a house can have many or few interested buyers. The market, therefore, determines how much you can get with a cash offer, and if it will be as much money as you need.
Sometimes the seller can afford to wait, while other times they need the money from the sale now, so they can make their next move. Regardless of whether the market favors the buyer or the seller, both sides want the best deal for their money.
Save Money
Many cash buyers pay closing costs and any other fees associated with the sale of your house, which means you save even more money by accepting a cash offer. This makes savings for:
- Realtor’s commission
- House inspection
- Cost of appraisal
- Closing costs
- Home repairs
- Staging
- Professional photos
- Listing fees
Sell Your House Fast Kansas City
So where can you go when you want to see how much of a cash offer you might get? One place you can always trust is Sell Your House Fast Kansas City. All you have to do is fill out the short form on our homepage. Someone will contact you to set up an appointment to see the property. Never trust a place that offers you a number without physically setting eyes on the property.
Once one of our cash buyers comes out and looks around, they will offer you a no-obligation cash price. If you accept, we’ll take care of everything else, and you could have your money from the sale within a week or so. It’s that easy with Sell Your House Fast Kansas City – the cash buyers you can trust.
When Life Throws You Lemons, Have A Lemonade Sale
Because sometimes life has other plans, situations arise that are unexpected and suddenly your direction must change. It can happen to anyone, and it’s all about how well you can adapt. Although things may seem uncertain and scary, when life throws you some lemons, you just turn right around and have a lemonade sale! Let us help you along your new journey, here at Sell Your House Fast Kansas City.
