There are several different types of buyers you could consider when selling your home. A cash buyer is a worthwhile option for several reasons. Selling to a cash buyer will simplify the process in several ways and you can expect a better experience.
A Faster Sale
In a traditional sale, you need to wait for your buyer to get approved for a mortgage. Cash buyers don’t need to apply for a mortgage because they have all the funds upfront. Because of this, the process can move along much quicker. Ordinarily, you could be waiting weeks for your buyer to get approved for their mortgage. Since cash sales don’t require the buyer to apply for a mortgage, there are also certain things that are not required such as an appraisal of the home. In a cash sale, you have fewer things to take care of and this naturally creates a faster process. You can sell your home in under 30 days.
More of a Guarantee
A cash sale can also offer less of a risk when selling. If buyers don’t get approved for mortgages, there’s a chance they can drop out of the sale. With a cash buyer, you have more of a guarantee. They have all the money upfront and they are typically less likely to back out of a sale. You also have more of a guarantee if you find a trusted cash buyer. For example, there are plenty of cash home buying companies that routinely purchase homes. Selling to such a company can run less of a risk than other buyers.
An Easier Process
With a cash sale, you don’t need to have a real estate agent involved. This means you won’t have to pay a commission during closing and you have less work you need to do to sell. You won’t have to host any home showings. This means your life won’t be disrupted in any way and you can maintain your privacy while selling. Some cash buyers also prefer to buy homes as is so they can fix them up themselves and sell them again. In these cases, you won’t have to go through the hassle of renovating your home. Overall, selling to a cash buyer makes things much easier on your part.
If you’re on the fence about what type of buyer to sell your home to, it’s worth exploring cash buyers as an option. A cash sale can be faster, easier, and less stressful than other types of sales.
Are you trying to sell your home? Click here to learn more about selling to a cash buyer.