Because cash buyers can’t often provide as high of offers for your home than traditional buyers, it may seem like selling your home traditionally is a better deal. However, selling your home traditionally actually has a lot of hidden costs that can add up quickly. In the end, selling your home to a cash buyer is a much better deal.
If you have lived in your home for longer than a few years, it is not as updated as the most competitive houses on the market. Often buyers are looking for houses they can move into right away without having to do any work on it. Therefore, to be competitive on the traditional housing market, you usually have to do costly renovations to get your house up to par. However, when selling to a cash buyer, the buyer is willing to pay for the house as-is. This means that the money you get when selling to a cash buyer is yours in full without having to pay off any debt for renovations.
No Payments to Realtors
In traditional selling, you have a realtor that helps market and show your home. Realtors take pretty hefty cuts from the amount you sell your home for. Sometimes you don’t even know what exact services make up the parts of this payment. When selling to a cash buyer, you don’t work through a realtor; it is just you and the cash buying company. All negotiations, costs, and payments are very clear and only between the two parties.
With traditional methods of selling your home, your home can be on the market for months or even years. During this time, your home depreciates in value as buyers become more wary. Also, a fluctuating market might mean that you get a very low price for your valuable home. When selling to a cash buyer, you don’t have to worry about these problems since you can close in as little as one week.
It is true that you might not get the highest offer when dealing with a cash buyer. However, you are getting the best deal. Selling your home for cash means getting a fair price without any hidden fees or expenses.
To find out more ways in which selling to a cash buyer is better than going through a traditional agent, check out the facts on Joe Homebuyer here.