While you’ve been out driving around, you’ve likely seen a lot of ads; on telephone poles, free-standing yard signs, and written on posterboards and flyers, claiming to offer you cash for your house. And, if you’re in a tight spot financially, you may be looking into reliable options for selling your house for cash.
However, you may not know where to start if you’ve never sold your house for cash. Also, you’ll likely have many questions about how much your house is worth and if it’s worth selling it for cash.
That’s why we’ve created this complete guide to help you better understand how to sell your house for cash. Keep reading to learn more!
No Extra Fees
If you choose to sell your home for cash, you don’t have to worry about paying for contingencies or commissions, as you would if you sold a home the traditional way; these fees can quickly add up, especially if a home inspector finds anything wrong with your home that you were unaware of.
If the house is vacant now, you’ve got to worry about thieves, squatters, paying to have the home staged, and finding time to deal with the paperwork.
On the other hand, when selling your home for cash, you don’t have to worry about any of this. Instead, you’ll get to focus on walking away from your property with the cash in your pocket. This is even more beneficial if you’ve recently inherited a home that you aren’t prepared to deal with.
When working with a cash buyer for your house, you don’t have to worry about any of these things. Plus, you’ll get that vacant property off of your hands quickly! Many cash buyers aren’t going to pay any mind whether the home has been vacant for a long period because it creates less work for them, anyway.
In other words, with a cash buyer, you won’t need to worry about making any repairs to the vacant property if you don’t want to. This allows you to be able to get rid of the house quickly without paying any unexpected fees, resulting with you getting to walk away with a nice lump of cash.
Increased Flexibility
As a homeowner, when you’re looking to sell your house, the option to sell it for cash provides you with much flexibility. This means that you won’t need to worry about making your house appealing to a family looking for a turn key home, especially if they are a bit picky.
On the other hand, an investor who wants to buy your home for cash is usually a lot more flexible in settling for a home that needs a lot of repairs or is outdated.
Many people interested in purchasing a home for cash will often buy homes that are close to being foreclosed on, often targeting homes that are being sold urgently due to unforeseeable crisis (such as a death in the family), allowing them to avoid the hassles involved with the traditional selling process.
Keep in mind that it’s not a good idea to try to sell your home if you currently have tenants living in it. This is unfair for the current tenants, and the person interested in buying your property; the buyer would have to go through the process of evicting all of the current tenants before they’re fully able to purchase the property.
No Worries About Loans
After you get an offer from a traditional buyer interested in buying your home, there’s still a whole list of tasks that need to be completed before you consider your house sold; you’ll need to wait for an appraisal, a loan approval, and an inspection.
If you’re working with a potential buyer whose loan request was denied by the bank, you have to worry about starting the process all over again with a new buyer.
On the other hand, with a cash-only buyer, you won’t need to concern yourself with any of this because you don’t have to wait on any financial institution to approve a loan.
Additionally, you won’t need to wait on, or be responsible for, anything that shows up during a home inspection. Instead, you’ll enjoy walking away with all the cash in as little as two weeks!
Fits Your Timeline
When selling your home for cash, you’ll have the ability to choose a closing date. Alternatively, when you sell your home to a traditional buyer, you don’t get much control when choosing the closing date.
If you need to sell your house fast but need a little time to move out, consider selling your house for cash; you’ll get to choose your terms for the sale, including the closing date!
Is It Worth Selling Your House Fast for Cash?
Yes, it can be well worth it to sell your house for cash!
Selling this way is convenient when needing to sell quickly. In short, there are many benefits of selling your home for cash that aren’t often highlighted to people considering this option.
What Is the Fastest Way to Sell a House Fast for Cash?
Selling your home can be very stressful, especially if you’re under a time crunch. Whether you’re urgently looking to get out of the ownership of your home due to an emergency, or a better opportunity, there are a few different methods that you can use to sell your house for cash quickly;
Declutter Your Home
This is a great tip to remember, even if you aren’t traditionally selling your house.
If you’re in a time crunch to sell your house quickly, one of the most important things you can do is clean up the inside of your home; decluttering will make the inside a lot more attractive to cash buyers.
The closet is a common spot many people tend to forget, and renting a storage unit to pack all of your extra belongings away will make it much easier for cash investors to get an idea of how much open space the house you’re selling offers.
Fix Up Minor Repairs
Although repairs and maintenance is unnecessary when selling to a cash buyer, if you’re looking to price your house for a bit more, you may want to consider fixing up the damaged areas in your house. Some repairs take little time and effort on your part; if you have any loose tiles, leaky faucets, or scratched paint, take a few minutes to clean those spots up.
This attention to detail will make your home look more attractive to a potential cash buyer who’ll want to buy the house from you quickly.
How Do I Sell My House to a Cash Buyer?
The first thing you need to do is find a cash buyer. You can find a cash buyer by looking around online for companies that offer to buy your house for cash. Once you find one, research the company before making any final decisions.
After working with a cash buyer, you’ll receive a cash offer on your house. But, it can be difficult to tell if the offer you’re being given is a fair price for what you’ve got to offer. You can keep a few tips in the back of your mind to get a better idea if you’re being lowballed on an offer.
If your house is still in decent condition, you should look at other houses in your area similar to property size and how finished they are. But, when you’re looking at how much these properties sold for, make sure you deduct the total of the real estate agent’s commission on the property.
If your house isn’t in great shape, look at the approximate value of all the houses in your area and subtract both the investor’s profit and how much it will cost to get your house to match the market value of the other houses in the area.
Next, you’ll need to prepare yourself for signing the contract confirming your house’s sale. Although this part of the process is similar to what it’s like when you sell your house to a traditional buyer, please note that it is not uncommon for cash buyers to wave getting a home inspection on the house.
After this, you’ll be able to close on the sale of your house. Sometimes, a cash buyer can offer a two-week closing period, meaning you’ll be able to wash your hands clean of the house you’ve been trying to get rid of in as little as two weeks.
Conclusion:
Selling your house for cash is much easier and less stressful than putting your house on the traditional market.
Plus, selling your house for cash will allow you to move the ownership of your home to someone else a lot faster than you’d be able to with traditional selling methods.
Are you looking to find someone to buy your house for cash? We’re here to help you!
At Selling.House, we guarantee to offer you a fair deal for your home without any pressure to sell. Our streamlined selling process is there to make the selling experience as quick and stress-free as possible.
Click here to contact us today to learn more!
