With everything going on in the real estate market today, you may be wondering if now is a good time to sell? If the thought of listing your home and having open houses is stressing you out, you’ve come to the right place. We’ll go over everything you need to know about cash home buying services to see if accepting a cash offer is a better option for you.
From wasting time on the market to making home repairs, we’ve rounded up the key factors to consider before listing your home on the traditional market.
Factors to Consider When Choosing Cash Home Buying Services
While some homeowners may benefit from a traditional sale, for others, selling to a cash investor makes more financial sense. Let’s jump in and see which option is right for you.
Time on the Market
One of the main things to consider when selling your home and looking for an affordable house for sale is the amount of time the home is on the market. Keeping a home on the market for months can be costly. With a cash offer from an investment company, there’s no need to wait months for a buyer to come around.
Instead of spending weeks or even months on the traditional housing market, selling homes for cash can be done quickly. On the traditional market, you’re forced to host showings, wait for relators, wait for financing, and wait for the right buyers to come around.
If your home needs work, this process often takes even longer. Consider how much time you have and when you’d like to move. If you need to sell quickly, a cash offer from an investor may be the way to go.
Your Carrying Costs
Keeping your home on the market is costing you money each month. Let’s say you have a mortgage. Not only are you paying your mortgage every month, but you’re also paying for utilities, taxes, and insurance.
Every month your home sits on the market is costing you money. Selling your home to an investor for cash means more money in your pocket sooner. Take your money and move on sooner with a cash offer.
Getting Your Home Ready to Sell
When you sell your home on the traditional real estate market, you need to get your home ready to sell. This means cleaning, staging, purging, and making repairs. Do you have the time and money it takes to get your home looking ready to sell?
Buyers looking for a new home don’t want to see all your clutter and projects. They want to see a home that is as move-in ready as possible. If you don’t have the budget and the time it takes to get your home in shape, the traditional market may not be the best option for you.
When you take an as-is cash offer, this means there’s no work needed on your end. No staging, cleaning, painting, or keeping your home in perfect shape.
Inspections and Appraisals
During a traditional home sale, your home will need to be inspected and appraised. This means after finding a buyer, their lender will typically require an appraisal to make sure they aren’t paying more than the home is worth. If your home needs work, the appraisal process could be tough.
During the home sale, your potential buyer may also want to do an inspection. This means your home is looked at from top to bottom. Any major issues could cause the buyer to back out. With an as-is, cash offer, there’s no need to worry about bank appraisals or inspections.
Skip the Showings
When you list your home traditionally, you’ll have potential buyers come in and out of your home weekly. This could mean needing to get kids and pets out of your home every time there’s a showing. You also need to keep your home clean and ready to show at all times.
With a cash offer from an investor, there’s no need for open houses or showings. You don’t have to deal with the stress and hassle of showing your home.
Selling a Home That Needs Work
Selling a home that needs work can be difficult. You need to wait for the right buyer who’s looking for a home to gut or renovate. This doesn’t appeal to everyone.
When you have a home that needs a lot of work, you also run the risk of getting lower offers thrown your way. With an investment company, you’re always given a fair home price, regardless of the condition.
You Move on to Your New Home Faster
When you need to sell quickly, cash home buying services are the way to go. There’s no waiting for realtors, waiting for banks, or waiting for buyers. Your home is evaluated, you’re given an offer, and you’re on your way.
The sooner your home sells, the sooner you can move on to your next chapter. When you want to sell a home quickly, the traditional market could hold you back from buying your next home. Skip the showings, the repairs, the cleaning, and the brutal financing process.
Are Cash Home Buying Services Right for You?
Are cash home buying services the right option for you and your family? If you have a home that needs work or you’re looking to move quickly, the answer may be yes. In today’s real estate market, the demand for homes is higher than ever.
If you’re looking to sell quickly, consider looking at investors who will purchase your home quickly for cash. For more real estate tips and advice, check out the blog section for more great resources.