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Five Reasons To Sell Your Home To A Cash Buyer
Selling to an all-cash buyer is not on most sellers’ radars. Typically, most people follow a very standard process to sell a home. They contact a real estate agent. That agent comes out, looks at the home, takes some photos, and hangs a for sale sign outside. Your agent then has a few open houses and, eventually, you receive an offer for your property. Once you accept it, the fun begins as the buyer needs to try and obtain financing and the house needs to pass the inspection with flying colors. Some deals go through to the end, but many fall apart due to a buyer’s inability to get a mortgage or for a number of other reasons.
Even if executed to near perfection, the process still takes at least 2-3 months to complete. If you’re looking to avoid the headaches of selling your home via traditional channels, here are five reasons you should consider selling your house to a cash buyer.
- A Cash Buyer Will Close, Guaranteed
A cash buyer like Mash Buys Houses will buy a house for cash and fast. If you receive an offer and you choose to accept it, you will be able to separate yourself from your home at that price.
On the traditional market, sellers cannot count on any offer going through to completion. There are many times when a buyer can back out of a deal. A buyer can back out if the home inspection reveals anything wrong. They can also renege on the agreement if the appraisal comes in low (e.g., lower than the offer price). Finally, buyers can revoke the offer if they’re unable to obtain financing. In effect, they can always back out. The home inspection will always reveal at least one flaw which permits the buyer to break the contract if they so choose.
Selling a home via traditional channels also runs the risk of scams and other complications, as evidenced by this Colorado consumer alert. With a cash buyer, everything is straightforward. You can guarantee you won’t fall victim to a scam.
Therefore, by selling via a traditional real estate agent, you are not guaranteed to close with any given offer. With a cash buyer, you can have much greater confidence that the offer you receive will result in you receiving the cash you deserve for your property!
- Avoid Real Estate Agent Commissions
A cash buyer comes out, takes a look at your property, and writes you an offer for it. There are no real estate agents involved, which means you don’t have to pay any commissions! The commissions of both the buyer’s and seller’s agents are often 5-6%. On a $500,000 home, that can be $25,000-$30,000 in equity lost, just in commissions!
If you want to keep that money in your pocket instead, you should consider selling to a cash buyer. You’ll be able to save much more of your selling price by letting a cash buyer take your home instead of selling it via a real estate agent.
- Sell Fast
If you need to get out of your home quickly, selling to a cash buyer is about the only way you can do that. Perhaps you have a job offer in another state, or maybe you’re looking to avoid foreclosure. If you need to be out of your home as soon as possible, you’re going to want to sell to an all-cash buyer to ensure that you have the fastest possible exit.
Cash buyers like Mash Buys Houses can close in as little as 14 days. They can come out, take a look at your property, and write you an offer within 30 minutes of seeing it. Then, if you want, they can close in as few as 14 days and sometimes even quicker than that. You can start the process on Monday and be hopping on a plane to your new job with cash in hand within a couple of weeks! It’s genuinely that straightforward to sell your home to cash home buyers like Mash Buys Houses.
- Stop Foreclosure
Every quarter, lenders file approximately 2,000 new foreclosure applications in Colorado. If you are one of those and are looking to stop the foreclosure process, then time is of the essence. One of the best ways to stop foreclosure is to pay off the mortgage balance in full. The problem is that selling your home via traditional channels takes too long. By the time you find the agent, make your home available for sale, and get a buyer who can obtain financing to buy it, you could lose your home to the bank! Not just that, every additional day you delay builds up more attorney fees and back interest that will come out of your (the sellers) pocket at closing. Selling your pre-foreclosure home to a cash buyer fast and early in the process can save you a lot of headaches and some money too.
It may vary from one situation to another, but generally speaking, a cash buyer can give you the money you need to pay off the mortgage balance as fast as possible. Instead of waiting months, you can pay off the balance in a matter of a few days. Depending on how much you owe and how much your home is worth, you might also have quite a bit of spending money left over! Who doesn’t like that?
Cut your losses and stop the foreclosure by walking away from your home with cash in hand!
- Save Time And Avoid Making Repairs
One of the most substantial obstacles to receiving an offer for a home via a traditional real estate agent is the fact that the house needs repairs. If your house needs new flooring, roofing, a new kitchen, or fresh paint, you can expect the offers you receive to be substandard. People want to see things that are shiny and new. Homes are no exception.
Making repairs costs both time and money. If you have a leaky roof, repairing that to a state where you can sell the home might cost you $5,000 or more. If you have major structural problems with your foundation, those repairs can cost tens of thousands. Instead of wasting your time and money on repairs, you can sell your home to an all-cash buyer. No matter what state of disrepair your home is in, a cash buyer will take it off your hands. You don’t even need to clean the place before someone like Mash Buys Houses taking possession of it.
Selling Your Property To A Cash Buyer Is Beneficial
Selling your home via a real estate agent is not the only way to get the cash you deserve for your home. Selling to a cash buyer often results in a much better outcome since cash buyers will close quickly, offer a fair price. With cash buyers, you don’t have to make repairs, clean the house, or accommodate for at times multiple months staging and showing. With Mash Buys Houses, you also don’t pay for closing. Furthermore, cash buyers are guaranteed to close, so if you like the offer you receive, you can count on that money. There’s no wondering if the buyer will be able to obtain financing.
Sell your home to Mash Buys Houses, and let us give you the money for your home that you deserve! We are a Denver based real estate investment business buying homes for cash. We embody Colorado values and run our business with respect and empathy. We make a sincere effort to understand your reason for selling the house. We treat you as a fellow citizen and not just a number helping the business bottom line.
DISCLAIMER: THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY, AND YOU SHOULD NOT CONSIDER IT AS LEGAL, FINANCIAL, OR ANY OTHER TYPE OF ADVICE.