Can I Save Money When I Sell My Home for Cash?

One of the most difficult parts of selling your home is the money you need to spend to do so. Selling your home can be quite an investment, especially if your home requires repairs. To save money while selling your home, consider selling your home for cash.

No Commissions

One of the ways in which homeowners typically spend their money while selling their homes is through real estate agent commissions. Real estate agents are incredibly beneficial for navigating the complications of real estate and helping you secure a buyer. However, because you have a buyer from the very beginning when you sell your home for cash, their services are no longer necessary. This means that the 6% of the final offer that would go toward them goes directly into your pocket. You can save yourself thousands of dollars on this aspect alone when selling your home to a home buying company for cash. 

Sell As-Is

Another costly expense that usually comes with selling your home is repairs. It’s normal for homes to sustain some wear and tear over time, and require different types of repairs. However, when you sell your home, it’s important to make these repairs before putting your home on the market. Many buyers are unwilling to make an offer on your home if it is in poor condition or outdated. When you sell your home to a home buying company, however, they don’t care what condition your home is in. These companies purchase homes to renovate and resell them. There’s no need for you to do any renovations or repairs yourself. Not needing repairs can save you a lot of time and money.

They Cover Closing Costs

The last big cost that you can avoid by selling your home for cash is closing costs. Closing costs come right at the end of the selling process and can add up to several thousand extra dollars you need to pay. These are processing fees that you provide lenders to finalize the sale of your home. However, especially as you’re just about to move, the money can be difficult to come up with. If you sell your home to a home buying company, they will cover any and all closing costs that arise. In fact, you’ll never have to pay a single penny to sell your home to a home buying company.

Selling your home to a home buying company can help you save tens of thousands of dollars. Between these three costs, you can save quite a sum of money. If you’ve had trouble selling your home, consider selling to a home buying company for an easier experience.

Want to sell your Richmond home fast? We Buy Houses Richmond can give you a no-obligation cash offer on your home in as little as 24 hours! Click here to get started!

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