If cash home sale is quick and easy, but it’s not competitive. Your house will not be listed on the market, where prospective buyers may compete to offer you a top-dollar price—that is, if your home is in great condition and you can afford to wait. When your house needs extensive repairs or you need a quick sale, selling to a cash home buying company can be worth it.
Save on Making Repairs
In a traditional home sale, if you want to attract a high offer, your home needs to be in perfect shape. Even outdated decor or old appliances can serve as turn-offs for potential buyers. You can’t hide the problems, either—a home inspection will reveal every flaw.
Fixing up a home to sell can cost thousands of dollars of initial investment, and you probably won’t recoup all the costs in the sales price you are able to get. It can be a losing battle. But a cash home buying company will not ask you to make repairs; they’ll buy your home “as is.”
Save on Property Upkeep
While waiting for an offer, you will still need to pay utilities, insurance, and taxes on your property. This is true even if you’re not living in the house. If the house is slow to sell, the bills can add up quickly.
A quick sale can relieve you of the financial burden of bills and property maintenance, such as lawn care, pest control, and other expenses. Selling to a cash home buying company usually takes less than 30 days.
Save on Closing Costs
In a traditional sale, closing costs can take a big bite out of what you were offered for your home. Real estate agencies deduct commissions, taxes, and fees. In contrast, a home buying company will give you the full amount of the offer. They don’t charge commissions, and they will take care of other closing costs.
When you do the math and consider your time and expenses, you could come out ahead financially by selling your home to a cash home buying company. The process eliminates the waiting and costs associated with traditional sales. While every situation is different, a cash home sale may be worth it for you.
Want to sell your Spokane area home? Get a no-obligation cash offer from the Easy Homebuyer by clicking this link.