Selling a home can be just as stressful as buying one. However, it doesn’t always have to be stressful, especially if you opt for one of the cash for homes deals. There are many reasons why someone would be looking to sell their home for cash.
For starters, some people are not always hung up over getting the most profit out of the sale. They are looking to avoid the stress that comes with selling a home via other means. In short, they want to sell their homes the fast and easy way.
Are you looking to sell your home for cash? Below we break down five common reasons why people sell their homes for cash and why working with someone who pays cash for homes might be a great option for you.
There’s No Need for Professional Staging
If your home is vacant, it’s possible to sell it for cash without worrying about professional staging. Sometimes, real estate agents want you to stage a home or prepare the home so that a potential buyer finds it attractive.
Setting the stage typically involves redecorating the home, rearranging the furniture, and removing any personal items, such as family pictures, to improve the aesthetics of the place for the buyer. That way, the buyer is easily drawn in by imagining what the place would look like if they lived there.
However, staging a home professionally is not always necessary. If you have an empty home and are not willing to spend a lot of money or time on staging it, you can still get a good deal.
No Need for Repairs
While it’s true that making repairs to your home before selling offers a good return on investment, you can choose not to do this. Perhaps you’re not willing to invest the time or finances to make the necessary repairs.
In that case, the cost of the repairs will simply be factored into the final sale price. Cash for homes deals allow you to sell the home as-is, and this can be profitable because making repairs doesn’t always guarantee a great return on investment.
You can also avoid the hassle associated with roof inspections, hiring contractors for repairs, or doing the repairs yourself. You also don’t have to deal with budgeting for those repairs and paying for them upfront. This ensures that the sale can proceed quickly without any delays.
Selling Your Home Can Be a Lifesaver
Sometimes, you may find yourself unable to keep up with your mortgage payments. This is a difficult situation faced by many homeowners. For instance, in the first half of 2019, there were nearly 300,000 properties with foreclosure filings, according to MarketWatch.
If you have received a foreclosure notice from your lender over missed payments, then selling your home for cash can be a way out. Otherwise, accepting a foreclosure can damage your credit history, and it would take time to repair.
Because a cash sale is much faster than a traditional sale, you can quickly get the funds you need to pay off your debts and prevent foreclosure.
Selling Your Home for Cash Gives You More Control
Selling your home the traditional way comes with a lot of protocols. For instance, you may need to pay a lawyer to draft a contract and involve other people in the sale. However, with cash for homes, things tend to happen on your own terms, which is handy if you want to close the deal as fast as possible.
You’re the one who gets to choose the closing date, and most cash buyers belong to companies that have no problem accommodating your preferences. Keep in mind that cash buyers are also interested in buying the home quickly so they can work on it and recover their investment.
Selling Your Home for Cash Is Fast and Flexible
When you condense the benefits of cash for homes, it all comes down to the fact that they can be extremely flexible and efficient. As mentioned, selling your home traditionally takes a long time, but once you reach out to a cash buyer, you’ll be surprised at how fast the sale can happen. The sale is also flexible because you don’t have to worry about getting your home in top-notch condition.
Given the five reasons outlined above, it makes sense why most homeowners would prefer to deal with a cash for homes company. In a nutshell, it can save you the time and money involved with making repairs, setting up contracts, waiting for inspections, and professional staging. Be sure to give us a call if you’re sold on selling your home for cash or would like to know more about this process.