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Is It Worth It to Sell My Home for Cash?
Dec 11, 2022
There are many options when it comes time to sell your home. Most people will go with the traditional route since that’s what they’re familiar with. However, selling to a cash buyer may be a better option for you.
Save On Closing Costs
What many people don’t realize is the seller in a home sale has expenses as well. Closing costs are paid by both parties when you close on the sale. Typically, the biggest chunk of closing costs for the seller is paying the commissions of both real estate agents. This will turn out to be about 6% of the sale price and it is a significant expense. However, cash sales don’t usually involve real estate agents and you won’t need to factor in this cost. All you need to worry about are the fees and taxes associated with the sale.
Less Stress
Cash sales remove many of the steps and stresses of a regular sale. Most cash buyers are looking to purchase homes as is. If you find such a buyer, you don’t need to worry about renovating before selling. You can put your home up for sale right away and you don’t need to be bothered by the inconvenience of updating your home. Additionally, cash sales don’t require you to hold open houses, stage your home, or even have home showings. Your home will still be private to you during the sale. If you find the right buyer, you also don’t need to worry about marketing your home or listing it for months at a time.
Lower Risk
In a traditional home sale, there’s always a chance that your buyer will drop out before the sale is complete. This means you need to start the whole process over again starting with finding a new buyer. In a cash sale, there is less risk of this happening. Your buyer has all of the money upfront without being backed by any loans. You will verify the funds and they will typically also send you good-faith money. Since your buyer already has the money, you don’t need to worry about them dropping out. This risk lowers even further when you sell your home to a professional home buying company.
Selling your home to a cash buyer is certainly worth it. The entire process is made easier and it’s much faster. You can sell your home in less than 30 days and you won’t be weighed down by the hassle of selling.
Matt Buys Indiana Houses will provide you with a cash offer in just 24 hours. Click here to learn more about cash home sales.
