There are a lot of reasons to sell your home for cash instead of taking your chances on the open market, especially when you need to sell quickly. And it can end up being a much better deal than you might think when you consider that many cash buyers will cover your closing costs and do not take a commission. Here are some of the top reasons sellers decide to take cash offers:
1. You Need to Sell Quickly
There are many situations where you may need to sell your home quickly. For example, maybe you got a job in another state, you’re in the middle of a divorce and need to split your assets, or a loved one is moving into an assisted living facility. While the normal process of selling your home can take many months, cash offers can normally be completed within 30 days, and sometimes even within 2 weeks, so you’ll have the cash you need when you need it.
2. There’s No Need to Renovate or Stage Your Home
If your home is more than a few years old, and you want to get top dollar on the open market, chances are it’s going to need some renovation. But renovating a home and staging it for potential buyers can be quite a headache.
Even basic renovations like fresh paint, new flooring, landscaping, and updating kitchens and bathrooms can set you back thousands, and new furniture, window treatments, light fixtures, and accent pieces add up quickly too. And if other problems are uncovered during a renovation or home inspection, it could ruin your chances of making a profit.
3. There’s No Risk and No Hassle
Renovating and staging can take weeks or months, and of course, there’s no guarantee any of it will help sell your home quicker, or that you’ll recoup your investment. And with the market the way it is, gambling that a renovation will pay off and you’ll be able to sell quickly is a risk a lot of people don’t want to take.
4. You’ll Avoid Getting Stuck Paying Two Mortgages
Every day your house sits on the market is a day you’re losing money. Even if you have a newer home, or have made renovations prior to putting your house on the market, it could still end up sitting for weeks or even months. And if your home is in need of some renovation, there’s a pretty good chance it could sit for much longer. So even if you end up selling for a higher price, you may still end up making less profit.
5. You Don’t Have to Pay Agents or Listing Fees
When you sell your home for cash, you don’t have to worry about paying an agent commission, or pricey listing fees, so more cash goes directly into your pocket.
Sell Your Home for Cash
At Home Cash Guys, we buy houses for cash in any condition, as is. If you are selling your house in the greater Philadelphia area, get a free, no-obligation cash offer today! Get started or call (800) 588-2059.