A cash home sale can vastly improve your home selling experience in many ways. One of the largest benefits is the money you will save. Due to the nature of a cash sale, there are fewer expenses that you as the seller are responsible for.
No Renovation Costs
One major expense that comes with selling a home is renovating. Sellers renovate and repair their homes in order to increase their value and attract more buyers. Renovations tend to go over budget and you must delay selling until they’re finished. Fortunately, many cash buyers will purchase homes in any condition. This means you don’t even need to make basic repairs before selling. Cash buyers, such as home buying companies, will take your home off your hands and they will handle all the repairs before selling again.
If you work with a real estate agent, you will have to pay them a commission for all the work they’ve done. As the seller, you would typically be responsible for paying the commissions of both real estate agents involved in the sale. These commissions can amount to about 6% of the sale price and it’s a hefty price to pay. In cash sales, there are no real estate agents because everything is done directly between you and the cash buyer. You won’t have to worry about being able to afford a commission.
No Closing Costs
Aside from paying commissions, there are also other closing costs involved in a home sale. These include state and local taxes such as the property taxes that must be paid until the title of the home is transferred to the buyer. You also have to pay several fees. These fees might go to the title and escrow companies, attorneys, notaries, or anyone else involved. However, if you sell your home to a home buying company, they will often pay the closing costs for you. In the end, you don’t need to worry about any additional expenses when you sell.
Selling your home doesn’t need to be an expensive process. A cash sale allows you to save money and focus on selling your home so you can move on to a new situation. Find a cash buyer today and save money.
Selling your home to Joe Homebuyer will allow you to sell quickly and conveniently. Click here to see how you can save money and get started on selling your home.