The Value of a Cash Buyer

There are many types of buyers you will encounter when selling your home. Cash buyers are quickly becoming popular options. It’s worth it to see why they might be the right buyer for your home sale. 

A Fast Sale 

Traditional home sales often take months to complete. This is largely due to the need for a mortgage loan. The average buyer does not have the funds to purchase a home upfront and they need a mortgage loan to back them. In order to get a loan, they need to show they will reliably pay back the loan and get fully approved before the sale can take place. Your home will also need to be evaluated to make sure it is a safe investment. The sale process does not officially begin until the loan is fully approved. In a cash sale, the buyer has all the money for the home upfront without needing to be backed by a loan. This means you can start the process on day one and have your home sold in as little as two weeks. 

A Simple Process 

Since no mortgage loan is required, the process of selling your home is much simpler. First of all, you won’t be required to have an inspection or appraisal done before selling. These usually take about a week to schedule and complete, so removing them saves time. All you really need to do in a cash sale is have the title searched and then transfer the title to your buyer. Then you will both sign all the closing documents on closing day. The process is further simplified if you sell your home as is. Many cash buyers will purchase homes in their current conditions. This means you don’t need to undergo any major renovations. You can sell right away. 

Fewer Costs 

In a traditional sale, the seller is responsible for paying the commissions of both real estate agents. This amounts to about 6% of the sale price and it can be quite a large sum of money. In cash sales, there are no realtors involved so you don’t need to worry about paying a commission. There are a few closing costs you’ll need to account for. However, if you sell to a home buying company, they may cover these expenses for you. 

A cash sale gives you an easier, cheaper, and faster home sale. You don’t need to be stressed when you sell your home. When selling to a home buying company, you can have an even better experience. 

Joe Homebuyer is prepared to make selling your home much easier. Click here to get a cash offer on your home in just 24 hours. 

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