How a Cash Home Sale Can Help You

Selling your house to a cash buyer can be a great alternative to listing it on the market for several reasons. It’s fast, it’s easy, and it can save you money. The cash buying process eliminates a lot of the red tape and expenses that are typically associated with the traditional home sales process.

Save Money on Repairs

When listing your home, you have to fix it up first. Prospective home buyers want a home that’s move-in ready. They don’t want to have to deal with things like making repairs, cleaning up messes, and repainting. 

But for the seller, repairing the house before selling it can be prohibitively expensive. You may not have the cash on hand for major repairs like plumbing or air conditioning. Numerous small repairs can also add up to high figures. By contrast, in a cash sale, you are not required to do any repairs or changes to the house. You could save thousands of dollars.

Don’t Pay Commission

In a traditional sale, you can’t count on receiving the amount you were offered. Instead, you will have fees and commissions deducted from the sale price. Commission can run as high as 6% of the selling price in some places.

Cash buyers don’t charge commission because they don’t employ salespeople. Nothing will be deducted from your offer. The cash buyer will also pay for any closing costs.

Close in a Hurry

You may have heard that a cash sale is fast, and it’s true. In most cases, you can close within a week of accepting your offer. Since there are no inspections or assessments that have to take place, the closing can happen quickly.

The cash buyer also doesn’t need to get financing. In a traditional sale, the finalization of the buyer’s financing can take weeks. Since the cash buyer already has the funds on hand to buy your house, there’s no need to wait.

Each individual situation is different, but selling your home to a cash buyer can save you money, especially if your home is not in perfect condition and you need to sell in a hurry. Without the time delays and costs associated with the traditional home transaction, a cash sale may be the fastest solution for you.

Thinking of selling your Utah home? Click here to compare a cash sale to a traditional home sale.

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