Selling a home can be stressful and difficult during the best of times, but some circumstances make the process nearly impossible. The process is often very challenging for owners who need to move for their jobs but have little time to sell, those who want to move quickly because they worry about their neighborhoods, and people whose homes are not in good condition. Many solve their problems by selling to cash buyers, who are typically investors.
The process is fast and simple, and sales rarely fall through. Owners do not need to make expensive repairs. They also get to keep all the proceeds from sales. With these benefits in mind, thousands of buyers sell “unsellable” homes and walk away with cash every year.
Owners Keep All the Money
Traditionally, homeowners who want to sell their properties work with real estate agents who find the best buyers. This process works very well for owners with houses that will attract many house hunters, but it comes at a price. Transactions involve closing costs that include the agent’s fees, which can leave sellers with very little profit.
However, when sellers have homes that are unlikely to sell for a good price, cash buyers offer a better solution. They are often skilled investors such as House Buyers of America, that have real estate market information and make real cash offers.
Houses Sell in “As-Is” Condition
When owners sell homes to cash buyers, they do not spend time and money on repairs. According to a source of real estate market information, investors evaluate houses before making an offer and are aware of problems like leaking roofs, foundation issues, and other damages that could be expensive to fix. Buyers consider these costs when they make offers. Professionals who buy homes for cash have a deep understanding of real estate transactions, including How to make a cash offer on a house — with or without cash.
Closings Happen Very Quickly
The average time it takes to sell a home in the U.S. is 55-70 days. However, that figure varies widely according to location, current demand, seasonal factors, and the condition of homes. Any of these factors can result in a home being on the market for many months without attracting an acceptable offer.
In contrast, transactions that involve cash buyers happen much faster. There’s no need for open houses or waiting for buyers to have financing approved. In fact, according to realtimecampaign.com, sellers who accept cash offers typically have proceeded in their hands in a few weeks or even days.
Sales Rarely Fall Through
One of the things that make selling a home so stressful is the possibility that something can go wrong and a transaction can fall through. The problem often occurs when buyers can’t get financing. Selling for cash virtually eliminates the problems, and reputable cash buyers rarely have sales fall through.
Thousands of homeowners sell their properties to cash buyers, and for good reasons. Sales happen quickly, and sellers do not have to repair homes before closing. It is rare for these sales to fall through, and sellers get to keep all the money since they avoid paying traditional closing costs.