Selling a home, even in the best of circumstances, is no easy task. You have to do prep work and take photos. And then there's the back and forth negotiations with potential buyers.
There is one bright spot in this seller's market: Many buyers are paying with cash. If you are interested in the benefits of a quick home sale, read on to learn the top seven benefits of accepting an all cash offer.
1. Close Faster With an All Cash Offer
If you sell your house for cash, you can drastically cut down the time it takes to sell your home. For starters, you won't have to work with lenders.
It can easily take one month to complete a traditional home sale. By accepting a home cash offer, you can often cut that timeline in half. That's also a benefit for home cash buyers who are eager to move into a new home quickly.
2. Cash Offers Require Fewer Fees
Buying and selling a home requires paying an enormous amount of fees. Some of the bigger fees are known as lending fees. Cash payments allow you and the buyer to avoid bank-related fees.
If your house cash buyers are working without a realtor (as many opt to do) then the realtor fee, which is often a percentage, can be cut out of the equation.
3. Cash Offers Don't Require Advertising
Selling a home can be a bit of an invasive proposition. Beyond posting pristine photos of your home, you also have to endure a seemingly endless line of potential buyers who can visit pretty much anytime they want.
Accepting an all cash offer allows you to save on marketing fees and the hassle of opening your home to strangers.
4. Accepting a Cash Offer Is Less Stressful
If you sell your house for cash, you can considerably reduce the stress that often accompanies selling a home. You won't have to wait weeks for underwriting to go through. Your entire home-selling timeline will be drastically cut.
5. Avoid the Need for Appraisals
Appraisals are a standard part of the home selling process. Lenders want to know that a home is valued at the amount of the loan request. Appraisal fees are often passed on to sellers, and a low appraisal can cause an entire financing deal to fall through.
6. Save on Repairs
Traditional home sales require inspections and repairs as a condition of sale. If you are working with a cash offer, you have the option of selling your home "as is."
7. Avoid Lengthy Negotiations
If there is one part of the home-selling process that most people will never miss, it's negotiations. Buyers often bid low on a home. By working with a cash offer, you can deal with one cash offer.
Sell Your Home the Easy Way
AZ Home Buyer LLC was founded for one reason — to simplify the home selling process for homeowners who live in and around Phoenix, Arizona.
Whether you are working with a loan agent or accepting an all cash offer, expect great customer service and a fantastic experience when working with our team. Give us a call or drop us a message to get the process started.