Selling your home for cash is an increasingly popular method of real estate transaction. However, if you’re not familiar with the process, it can be overwhelming. Selling your home for cash can be incredibly beneficial and save you a lot of stress. Read on to discover whether or not it’s worth it to sell your home for cash.
Sell As-Is
The first benefit that comes with selling your home for cash is the ability to sell as-is. Usually, if your home is outdated or in need of any major repairs, it becomes increasingly difficult to find an interested buyer who will make you a viable offer. Before receiving an offer, you nearly always have to complete any repairs and updates that your home needs. However, especially in the midst of moving and purchasing a new home, many homeowners find these repairs to be financially burdensome. When you sell your home for cash, you can relieve yourself of the stress of repairs. Home buying companies always purchase homes as-is and never require any repairs beforehand.
Close in a Week
Another great benefit of selling your home to a home buying company is the speed with which you can complete the sale. Instead of the process taking months or even years, you can close on your home in as little as a week. Home buying companies have expedited the process to the point where tasks can be completed in a matter of days or hours instead of weeks or months. If you’re in a rush to sell your home, selling your home for cash can give you the freedom you need.
Save Money
The last great benefit of selling your home for cash is the money you can save. There are three major costs that homeowners typically deal with when selling their homes. First, there’s the real estate agent’s commission. This is money that is set aside to reimburse your real estate agent for the work they put into helping you sell your home. When you sell your home to a home buying company, you work directly with the buyer, and no longer need this sort of assistance. This means that the 4-6% of your final sale that would have gone to a real estate agent can now stay in your pocket.
Second, you typically have to pay for repairs, which is no longer an issue when selling as-is. Third, closing costs need to be paid at the end of the sale. However, when you sell your home to a home buying company, the company will pay any and all closing costs themselves.
Selling your home for cash can be the perfect solution for many common selling struggles. Instead of dealing with these issues traditionally, you can have an altogether easier experience when selling for cash. We Buy Houses can help you get started on selling your Richmond home today!
We Buy Houses has helped homeowners sell their homes for years. Click here to learn more about what it’s like to sell with We Buy Houses!