11 Reasons to Sell Your Home for Cash
If you’re planning to list your home traditionally, the process can be fairly lengthy and involved. But if you need to sell your house sooner, you don’t have time to wait around for potential buyers to check out your listing. Whether you’re trying to offload an inherited home or you need to move in the near future, a cash home buyer offers an escape hatch that simplifies the process.
In this post from Bill Buys Houses in Minnesota, we’ll cover some of the many reasons to consider selling your home for cash and discuss how we buy houses in Minnesota. To request an offer on your home fast, give us a call today at 651-270-9191.
1. It’s a Fast and Easy Process
The most common reason sellers work with a cash home buyer is to sell their home in a short time frame. When you’re selling your house with a real estate agent, the process can be fairly involved and lengthy. You also can’t predict how well your home will do on the market. In some cases, the process can take months or longer.
However, when you work with a cash home buyer, you’re selling your home to a professional real estate investor who does this for a living. We’ve streamlined the process, so you get an offer within a few days, and your home is sold for cash in as little as a week in most cases.
Additionally, the home inspection piece of a traditional home sale can be unexpectedly lengthy, taking weeks in some cases. Since our cash home buyers at Bill Buys Houses handle our own inspections, you won’t have to wait for inspectors to draw up a 50-page report.
2. You Can Sell Your House in As-Is Condition
If you’re moving out of state or your home needs a significant number of repairs, the last thing you need is to work with all of those contractors to get everything in good shape for sale.
Fortunately, cash buyers are more than willing to take on the challenges of fixing up a home, which means they’ll buy your house as-is whether it has significant structural problems or minor cosmetic issues. This saves you the headache of having to oversee all of the repairs involved in getting your home ready for sale, while also saving you money.
3. You Won’t Get Hit With Unexpected or Unpleasant Surprises
When you’re selling your home with a real estate agent or by owner, there’s always the chance that your sale could fall through at the last minute.
Unfortunately, buyers can end up not qualifying for the loan, which means you’re back to square one after investing a lot of time in preparing for a sale. On the other hand, cash investors like Bill Buys Houses can promise you cash and deliver no matter what.
Another unexpected surprise that can happen during a home sale is an unexpectedly low appraisal. When you’re selling your home, there’s always the chance that you’ll get hit with a much lower appraisal than expected.
When this happens, your buyer’s lender will require you to drop the asking price of the house, and the only way around this is to negotiate with the buyer. But when you work with a cash buyer, we handle everything within a short time frame so there’s no unpleasant last-minute price drop.
4. You Don’t Have to Worry About Showing Your Home
Showings are unavoidable if you’re selling your home with a real estate agent or by an owner. And unfortunately, that means you have to worry about keeping a spotless house and being available for buyers with very little notice.
Having your home ready for showings can also mean having to clear out some of your belongings to make your home more buyer-friendly since personal effects are usually stripped down for showings. All of this can add up to a whole lot of inconvenience and stress for sellers.
However, you don’t have to worry about showings with a cash home buyer because you’ll have your home sold no matter what.
5. You Get Cash Faster
In a typical process selling your home may take an extended amount of time, and if you need money now, it is essential to get it done as quickly as possible. Whether you are moving or have decided to purchase another home, you may need a large sum of cash to help with these matters, so selling the house for cash can make the process much simpler and quicker, so you will have the money you need faster.
6. You Can Move When You Need To
Another benefit to getting cash for your home is that you can move anytime you are ready. If you need to move on short notice or no longer want to deal with it, a cash sale will free you up and let you move almost immediately. This means there are no waits, no searching for a buyer, and no costly negotiations.
7. You Don't Have to Worry about Theft or Vandalism Anymore
If you live in an area where vandalism or break-ins occur more frequently, another reason to sell your home for cash is to reduce your daily worry. Living in these environments can cause additional concern, leading to an unhealthy home environment, so one way to negate this is to sell the home for cash because there are no questions.
8. There is No Marketing Involved
In most cases, sellers will not want to bother with marketing their home, so another reason to accept a cash offer is to avoid this altogether. This can be especially important for somebody who is not skilled in technology to be able to place real estate listings, advertisements, or even bother with corresponding with other individuals who may be interested in the property. Taking a cash offer helps remove any haggling and can reduce stress levels.
9. It’s a Way to Avoid Foreclosure
Foreclosure can hit your credit hard and have lasting consequences. If you’re a homeowner who has fallen behind on their mortgage payments, selling your home to a cash home buyer can help you avoid going into foreclosure and move on while you rebuild your credit.
10. You Don’t Have to Worry About Cleaning
When you’re about to make a big move for a new job, the last thing you have time for is cleaning baseboards and getting your house in perfect condition for a sale. But when you sell your home to a cash investor from Bill Buys Houses, you don’t even have to plug in the vacuum cleaner if you don’t want to.
11. Avoiding Real Estate Agent Commissions Can Save You Money
Although you’ll sell your home for more when you sell your home with a real estate agent, it can end up being less than you think once all of the paperwork is signed and the deal is closed. That’s because real estate agents usually end up taking a huge chunk in commissions.
When you work with a cash home buyer, you don’t have to worry about paying those commissions, which can help mitigate some of the savings gap.
Get a Cash Offer on Your Minnesota Home
No matter what your reasons for selling your home fast, our team of investors at Bill Buys Houses is here to help with compassionate, non-judgmental service. If you’re ready to sell your Twin Cities area home, give us a call or contact us online to get your offer.
Call 651-270-9191 to connect with an investor today!