When you’re selling your Richmond home to a cash buyer – don’t overlook these
details!
Let’s be honest, buying a home is a BIG decision. Above all else, you want to
feel happy and secure with your purchase, so there are a lot of things you have
to consider.
However, one thing that is often overlooked is what happens when it’s time to
sell, especially if you sell for cash. You have to ask yourself – do I want to sell
my house within a certain time frame? Would I be selling this house in order to
purchase a new house? Should I put my own money towards repairs or
upgrades for a house I won’t no longer live in?
Everyone has a different goal and the first step is deciding what yours is.
Time frames are often very important for
sellers.
You want to sell your house fast. Well what’s fast? 3 months? 6 months? 1
year? 30 days? An advantage of selling your house to a cash buyer is to have a
quicker close. A typical sale can be closed, meaning signed, sealed and
funded anywhere from 2 to 4 weeks. This is simply because cash is king,
cash is easier therefore cash is faster. Cash eliminates all possible obstacles
that are often faced when cash is not available as a method of payment and
instead traditional financing is needed. Banks control traditional financing
and so they require certain stipulations, there are rules and several other
needs which must be met by BOTH buyer and seller before approval and
frankly these types of requirements can delay the process of selling and could
cause you to lose buyers along the way.
And that’s another thing to remember…
A buyer is just as important as a seller.
Remember back to when you first purchased a house? If you weren’t
interested you’d move on to the next, right? What would be some of those
reasons why you wouldn’t buy a house? Bad color schemes? Unsightly
countertops? Holes in the ceiling? These things would typically scare off a
potential buyer as they are looking for their next home and they may not want
or know home or have the money to make such changes or could be worried
that if there is one repair needed, then there must be more to follow. For a
cash buyer, these are merely tasks to be done. Nothing scares cash buyers as
it’s all a matter of time, money and resources. Cash buyers know what it
takes to sell to a broader market, what is appealing or trending and how to sell
a house quickly.
Now perhaps it is not your own house, but rather an inherited house.
What about inherited houses?
You already have your own home to maintain and upkeep and either do not
need or want an extra house to maintain and upkeep. Often times inherited
house are older and require more repairs and/or upgrades because they have
been owned and lived in for a long period of time. Inherited houses also
usually come with plenty of legal work that must be acquired, processed, etc.,
and once again cash buyers are familiar with these circumstances and can
work out such issues on your behalf.
Unfortunately, it is a common misconception that only a desperate seller
would sell their house for cash and at a discount, but none of the reasons
described above are of a desperate seller are they? Just ask yourself, what is
my end goal? Do your research, weigh the options and with that you can
determine whether or not a cash buyer would best suit your needs.
Contact us for a free, no-risk quote within
24 hours.
Get a Quick Cash Offer | Call 804-399-9337