9 Benefits of Selling Your Home With Bill Buys Houses
Moving can be an exciting time, but it’s also full of challenges – not the least of which is getting your now-former residence ready for sale. Even if you hire a fantastic real estate agent, you’re still going to have to worry about handling any neglected or overlooked repairs, deep cleaning your home, and updating the exterior.
You may also need to be concerned with issues like staging your home or investing in any necessary upgrades to facilitate the sale. Whether you’re worried about the sale process taking longer than expected or you’re simply ready to move on with your life worry-free, a cash offer can take the sting out of the process.
In this post from Bill Buys Houses, we’re breaking down the many benefits of selling your home with our cash home buyers. To get a cash offer and sell your home fast, give us a call today.
How It Works
Before we get into the benefits of accepting a cash offer from Bill Buys Houses, let’s cover how the process works. Unlike a traditional sale, you don’t have to worry about the often lengthy process of preparing your home for sale, finding a buyer, and waiting for them to get approved on a loan.
At Bill Buys Houses, we work with a team of Twin Cities cash home buyers who already have the funds to buy your home outright, which means we’re able to give you cash fast. Our process is quick and easy. Simply fill out our contact form online or call to request your offer.
We’ll set up a time for a property walkthrough at your earliest convenience. During this walkthrough, we’ll make notes to give you an accurate and fair offer on your property.
These are the types of things we’ll consider when calculating your offer:
● If the home will require property removal
● Types of repairs needed
● Overall condition of the home
During this stage, we’ll help you decide if you want to leave your home as is or make any changes. If you need us to, we’ll even schedule someone to remove any leftover belongings so you don’t have to worry about clearing out your home.
We’ll give you an offer within 24 hours to a few days of the walkthrough, and we’ll be happy to let you know how we arrived at that figure. If you accept our offer, we’ll deliver your cash within about a week in most cases.
Benefits of a Cash Home Buyer
The main benefit of going with a cash home sale is that it’s faster and, therefore, easier than a conventional home sale. But that’s just the beginning of the benefits!
1. It’s far less complicated.
When you work with a cash home buyer from Bill Buys Houses, you can skip all of the many steps leading up to the sale from preparing the property for listing to waiting for an appraisal. Too often, sellers go through the process of preparing the home for sale and finding a buyer only to find out the lender won’t approve the buyer’s mortgage because the appraisal comes in too low.
With a cash home buyer like Bill Buys Houses, you don’t have to worry about your sale falling through at the last minute because of a problem with the appraisal or loan.
2. Conventional sales can cost more than you realize.
A conventional sale offers the promise of profit, but it doesn’t always pan out that way. We’ve worked with plenty of homeowners who spent years dumping money into a home trying to get what they put into it back.
But once they’ve figured in all of the repairs and upgrades they continually invest in trying to make a sale, they’re losing money. Factor in additional fees associated with a sale, and a cash sale is a better deal for many sellers.
3. Skip the lengthy closing process.
It’s not just listing the home and waiting for a buyer that slows down the selling process. Once you’ve completed all of those steps, you still have to wait for the mortgage to be underwritten – a process that can take up to two months in some cases.
And the longer the closing process takes, the greater the chance is that something will go wrong before it’s complete.
4. Forget the hassle of preparing the home.
When you’re selling a home conventionally, you’ll need to complete quite a few steps on the road to getting it listed. You’ll need to remove all of your old property from the home before beginning repairs.
Once you’ve begun the repair and update process, it’s not uncommon to find quite a few issues you didn’t realize needed to be addressed. You’ll also need to stage the home and get the exterior looking good enough to entice potential buyers.
5. Avoid Potential Foreclosure
If you are at risk for foreclosure, you can avoid this by selling your home for cash. If your financial circumstances have taken a hit, this can be a great option to move on with your life without the pain of a foreclosure on your back. Plus, your credit score won’t take the hit.
By accepting a cash offer from Bill Buys Houses, you can avoid the hit to your credit score, avoid eviction, and move on to the next stage of your life.
6. Avoid Hassle When Life Changes
Whether you’re going through a divorce, marriage, retirement, new job, or a death in the family, Bill Buys Houses can help you through the process of quickly selling your home.
Whatever your reasons for selling your home, you can avoid the hassle of a long sales process by selling your home for cash. The closing process is much faster than traditional means.
7. More Options When Buying Your Next Home
If you are planning to purchase another home after the sale of your current home, you will have a chunk of cash to put down on the next home. This means you likely won’t have to use an FHA loan, depending on the price of your future home.
Having an FHA loan means your options for buying a home are limited. If you can buy with a conventional loan, you won’t be restricted on which homes you can buy.
8. Have Instant Equity in Your Next Home
When you put down a large amount of money for your new home’s down payment, you instantly have a ton of equity. This is a good fallback in case you ever run into future financial issues or if you plan on making renovations.
You also won’t have to worry about market swings, as you’ll already have that equity in your home.
9. Less Risky
Cash offers are stronger when selling your home. When dealing with financing, it’s possible that a potential buyer’s offer will fall through, and you’ll be back to the drawing board.
If you allow Bill Buys Houses to give you a cash offer, you’ll know that it’s a valid, strong offer, and you won’t have to worry about the deal falling through.
A Fast Way to Sell Your Minnesota House As Is
At Bill Buys Houses, we help Minnesota homeowners whether they’re moving, selling an inherited house, selling a house in as-is condition, or just need to make a fast sale. To schedule a walkthrough and get your fast cash offer, call 651-270-9191 or contact us online today.