Selling a house for cash myths still abound. Despite the fact that selling a house for cash is no longer a new concept and people have been doing it successfully for many years, others are still reluctant to take the plunge, fearing calamity will strike if they go that route. But, selling a house for cash is easy and holds many benefits that you simply cannot get when selling a house through traditional means. If you are ready to sell your house, you can safely sell it for cash with no worries. If you are still worried or on the fence about it, here are some common myths about selling a house for cash that are completely untrue.
Top Selling a House for Cash Myths
All-Cash Buyers Give Low-Ball Offers
Cash buyers have a reputation for making offers that are far less than what a house can sell for on the market. Often, this myth is perpetuated by real estate agents who are looking to make a sale and want to eliminate any competition they can. The reality is that those who buy houses for cash are often real estate investors who are well-educated in the market and have cash on hand to spend in targeted areas. Although sometimes the offers they give are below the house’s valuation, they are not low-ball offers. When home sellers work with real estate agents, the first step is always to do a valuation of the house and then they make an offer. This offer is also lower than the true value of the house. So, the offer you will get from a cash buyer is essentially no different from one you would get from a real estate agent. Keep in mind that when agents present a selling price for a house, they are also taking into account other expenses like closing costs and agent fees when they are factoring the selling price. So, at the end of the day, cash buyers generally offer to pay close to what the true valuation of the house is.
You Can Get More Money If You Market Your Property
When you put your house on the market, there is no question that more people will see it. However, that does not necessarily translate to selling your house for more money. Houses that sit on the market for an extended period of time will get fewer offers, and sellers may have to consider lowering the price and accepting less money. Many different factors affect the ability to sell a house on the market. If an agent does not have the house fairly priced, the sale can take significantly longer. Other factors that can slow down the sale of a house include the strength of the market, the number of available buyers and the season of the year. Since these factors are out of a home seller’s control, it is impossible to dictate the ability to sell the house, which can result in having to accept less money for it. On the other hand, when a home seller works with a cash buyer, these factors no longer exist and the process can get done quickly.
Cash Buyers are Scam Artists
It is understandable that people may be skeptical when they see cash buyer signs on the side of the road. But, there are no more scam artists in the cash buyer business than there are in any other industry. Unfortunately, the few crooked investors out there are the ones who have made headlines and give the rest of the industry a bad name. Cash buyers are simply legitimate investors who are looking for someplace to invest their money and hopefully make a profit. That does not mean you should blindly trust everyone. If you want to sell your house for cash, do your homework and work with a reputable company, like Ben Buys Indy Houses. Click here to learn about five common home buying scams to avoid.
Cash Buyers Only Buy Homes In Perfect Condition
This myth is not only completely untrue, but the exact opposite is true. Cash buyers do not care what condition a house is in before they buy it. Cash buyers are willing to take any house “as-is”, which lifts a huge burden from the home seller. When you sell your house for cash, you do not have to worry about fixing any problems with the house or spending money on any upgrades. So, if your house is in need of repair, selling it for cash can be the perfect solution for you.
If you are ready to sell your Indianapolis area home, you should consider selling it for cash to Ben Buys Indy Houses. We will buy your house as-is, offer you a fair price and pay all the closing costs. All you need to do is gather your belongings and leave with cash in your hand. It will be the easiest home selling experience you ever had – and there is no myth in that statement.