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Should I Accept an All Cash Offer on My Home?

Should I Accept an All Cash Offer on My Home?

Selling a home can feel like an uphill battle. If your home is in disrepair or your need to sell it fast, it can also feel like you outnumbered ten to one in this battle. 

But what if we told you that selling your home didn't have to be so difficult? What if we told you that you could sell a home for cash and could close on the sale in just a couple of weeks?

Does it seem too good to be true? It's not. 

By accepting an all-cash offer on your home, you can enjoy all the perks of selling your home to a cash home buyer. Keep reading to learn how the process works and why you should consider selling for cash. 

Skip Expensive Repairs and Updates

Did you know that the average home seller spends over $21,000 preparing their house for the market? But what if you don't have the time or money to make repairs and renovations?

In this case, you're probably thinking, "Selling my home is going to be impossible because it needs tons of work."

Well, we have good news for you. Instead of investing tons of time, money, and effort into a house you're about to move out of, you can sell it as-is to a cash buyer. 

That's right, most cash home buyers will give you an all-cash offer for your home, no matter what condition it's in. 

Avoid Realtor Fees and Closing Costs

It would be great to sell your home without making any repairs or renovations. However, doesn't that mean getting less money for your home?

Yes and no. You see, if you want to invest in repairs and sell your home traditionally, you'll also need to hire a real estate agent. Real estate agents typically charge a 3% commission fee based on the sale of your home. 

Furthermore, the seller most often pays for their realtor and the buyer's realtor. This means doling out 6% of your home's sale price. If it sells for $250,000, you'll be paying $15,000 in realtor fees. 

On top of realtor fees, you'll also have to pay closing costs. This is typically 3% of the home's sale price, or an additional $7,500. Between realtors and closing, you're spending over $22,000 just to sell your home. 

If you accept an all-cash offer, you won't have any realtor fees. We also pay for all of the title work and the closing costs. 

Choose a Quick and Guaranteed Closing Process

Finally, let's take a closer look at the closing process. If "selling my house fast" is your top priority, you might be disappointed to learn that the traditional closing process can take at least 4 to 6 weeks. 

During this time, the buyers can back out or disqualify themselves for the loan for any number of reasons. If they charge up a credit card, take out a loan to buy furniture, or even change jobs, they can become disqualified for the mortgage.

Conversely, when you accept an all-cash offer, you're granted access to guaranteed closing. Here's how it works:

  • You request an all-cash offer
  • We send someone over to inspect your property
  • We give you a cash offer
  • If you accept, you choose the closing date

If you're looking to sell your house as quickly as possible, we can usually close in as little as a few days.

Are You Ready to Get an All-Cash Offer for Your Home?

As you can see, there are a lot of reasons why working with a cash home buyer is a good idea. If you don't want to make repairs or need to sell your home as quickly as possible, we can help. 

Contact us today to get your all-cash offer. We would love to buy your house. And remember, there's no obligation, so you have nothing to lose.