Selling a house for cash is a great idea that has many benefits. Not only is it a great way to get money that you need for other expenses, it is ideal for unloading your property fast and without hassle. Keep reading to see some other fantastic reasons for selling a house for cash.
Selling a House for Cash
Save Money on Commissions
By selling your house for cash, you can save a significant amount of money on commission costs. Typically, sellers have to pay as much as six percent of the sale price of the home in commission. That cost can grow quickly. Depending on the price of the home, it can reach tens-of-thousands of dollars. But, if you sell your home for cash, there is no need to use a selling agent and you can keep the money in your pocket.
You can Sell Your House As-Is
Selling your house through traditional methods requires you to spend money on repairing and updating your house to attract buyers. But, when you sell your house for cash, the buyer will take the house as-is, which means all you need to do is pack up whatever you want to take with you and walk out the door. There is no need to make any changes in hopes of improving your chances of getting a sale.
Selling a House for Cash is Popular
In its early days, the idea of selling a house for cash was viewed with suspicion. But, now the practice is popular, thanks to many people taking the “risk” early and coming through with flying colors. Buyers have discovered that coming to the negotiating table with cash has definite advantages and sellers have realized that when they accept cash deals, the process gets done quicker, and then they can move on with the rest of their lives.
The closing for a house that includes financing can take a long time. But, when you sell your house for cash, the entire process can be done in a matter of days. Time is a precious commodity, and when you go with a cash sale, it frees up a lot of time, which allows you to focus on other activities that are important to your life.
No Stressful Home Showings
When you sell your house through traditional means, you have to endure prospective buyers traipsing through your home with relative frequency. Often, the people who come to look at your house are not even qualified to buy it, but the realtor is using it as a means of generating more leads for other houses. Further, realtors also like to host brokers opens, which are small networking gatherings that take place at house that is for sale. All of this activity can be a hassle and can also cause undue stress to the homeowner. As a homeowner, you need to be able to live a normal life even when your house is for sale, and the more showings and networking that go on there will make it difficult to accomplish. But, when you sell your house for cash, you will completely eliminate the need for any showings at all. Since the buyer will take the house exactly as it is, there is no need to look at it before purchasing it. So, you will never have to worry about disrupting your life for the sake of showing your home in hopes of selling it.
No Need to Wait for Buyer to get Financing
Home sales are often contingent on whether or not the buyer can get financing. For the seller, that means waiting on pins and needles until the buyer hears back from the mortgage lender, which can take several weeks and sometimes months. If the prospective buyer is not approved, the sale does not go through and the seller has lost valuable time. When you work with a cash buyer, you do not have to wait for financing to be approved, because there is no financing. So, instead of waiting with your fingers crossed, you can close quickly and move on with the rest of your life when you go with a cash sale.
The Process is Easy and Hassle-Free
Selling a house for cash eliminates many of the potential problems that come up with deals require financing. When you have to deal with a buyers mortgage lender, there are always hiccups along the way, regardless of how carefully everything is planned out. Unfortunately, any one of those hiccups can result in a failed transaction. But, when you sell your house for cash, the process is quick and pain-free. Plus, when you sell to a company that specializes in buying homes for cash, you are dealing with experts who have been through the process many times before and know how to handle issues before they become problems. All you need to do is show up and collect your payment. Then you can move on to your new home and the next part of your life.
If you are ready to sell your Indianapolis area house, Ben Buys Indy Houses is ready to buy it from you for cash. We can eliminate all the hassles that come along with a financed sale, offer you a great deal on your property, take your house as-is and have you on your way in no time at all. Contact us today to see how we can help you.