Despite the advantages of selling your home to a cash buyer, most people still prefer to work with real estate agents simply because this is things have been done for a long time. Working through a real estate agent involves a lot of things, from hiring a realtor to timing sales which can be quite tedious. Realtors are professionals who have earned a lot of success but not everyone has positive experience working with them, hence you should consider a cash buyer. Below are some benefits of selling your home to a cash buyer.
If you are selling through a realtor you will be required to renovate your home before it is listed on the market, but a cash buyer will buy your house in its condition without any renovations. Selling your home to a cash buyer can help you avoid foreclosure which can result in losing your home if you don’t settle your debts in time. Instead of completely losing your home and ending up with nothing due to foreclosure, you should sell your home to a cash buyer fast to get something for starting afresh.
Agent fees and commissions to paid when you detail with real estate agents means you get a percentage of the selling amount, but with a cash buyer you pocket the full amount without paying anybody anything. Most cash buyers usually buy homes with the intention of developing and then reselling which means they buy homes even in bad neighborhoods. The cash buyer purchases the home directly from you with the responsibility of the transaction in their hands, there is no need to relist.
You home will be sold and you will have cash a few days later if you sell to a cash buyer instead of waiting for a buyer through a realtor which might take so long. Cash buyers have their own money and will not require loans from any lending institution. As long as you are dealing with a credible cash buyer, you don’t have to worry about them pulling out of the deal.
Cash buyers will buy your home anytime of the year and make it attractive; the fluctuations in the housing market do not affect them. Since cash buyers usually buy directly from you and there are no third parties involved like when dealing with realtors, there is very little or no paperwork to deal with. If you sell your home to a cash buyer, the closing process becomes their responsibility and thus you will not incur any closing costs. You should consider selling your home to a cash buyer for the reasons discussed above.