The average cost of selling a home ranges between $17,000-$22,000 or 6-10% of your home's selling price. Those prices would make anyone do a double-take.
Getting your home ready to be listed on the market does require necessary costs, but what if there was a way to save several thousands of dollars and sell your home faster? Selling a house for cash provides you with a simple solution to sell your home without the extra fees and hassle.
While these perks are noteworthy, there are plenty more benefits to selling your home for cash. Take a look at several of the best below.
Skip Unnecessary Fees
When selling a house you can expect to pay for real estate commissions, home repairs, inspections, staging, mortgages, photography, and closing costs. You won't be able to skip every fee that comes with selling a home, but there are several you don't have to pay if you're selling a home for cash.
Since you won't be dealing with banks, real estate agents, or marketing, accepting a cash offer allows you to avoid fees related to real estate commissions, mortgages, staging, and photography.
Sell Your Home Faster
The traditional method of selling a home takes several months from the time it hits the market to closing day. Buyers need to get pre-approved for loans, you need to field multiple offers and coordinate time with your real estate agent for showings, document approvals, and more.
Selling for cash takes approximately two weeks. If you need to move quickly due to a new job or commitment or simply want the process to move as quickly as possible, using the cash method is the best option.
Minimal Effort Required
Many people buying homes for cash don't expect you to do any repairs to the house and will be content with buying the house as it is. This can save you anywhere from hundreds to thousands of dollars.
Using the cash method prevents you from having to spend time and effort cleaning and staging when prospective buyers come to view the house. You also don't have to worry about marketing your home as buyers typically will come to you, saving you lots of time, effort, and money.
Eliminate Lending Issues
It's very common to run into time-consuming roadblocks when buyers are working with their banks to obtain a loan. Many people do not have the money saved to buy a house without financial assistance, making the sale dependent on the bank's willingness to lend money.
If a lender decides they won't finance a loan, you're back to square one. Cash buyers, like URB Chicago, typically have the funds immediately available, making them much less likely to back out of a deal.
Will You Be Selling a House for Cash?
Selling a house for cash has some spectacular benefits and can help maximize the return on the investment you made. The cash method allows you to quickly sell a home without the stress of making expensive home repairs or paying closing costs.
Which benefit did you find the most helpful? Leave your thoughts in the comments below!