Whatever your reason for needing to sell your home, there’s several options to complete that process. You can always try the traditional sales process, you can try selling your home yourself, or you can sell your home to a company that buys homes professionally. When you make the decision to sell your home for cash, you will be working with a cash buyer who does not have to worry about dealing with a mortgage lender to pay for the home. These companies that buy homes for cash will have cash for your home before they make the offer on your home which means you can be sure that you will receive the price that was agreed upon. This can also be a huge time saver as well!
While you will still have to get the home inspected by a licensed home inspector, you don’t need to worry about a home appraisal being done on the home by a mortgage lender. The cash buyer, or one of their representatives, will inspect the home themselves and appraise the value of the home, plus the cost of any repairs if needed, without needing to consult a Lender for approval of the amount they offer you.
Something else that can help relieve some of the stress of selling your home, knowing that the offer you receive is much less likely to fall through. Traditional home sales rely on a mortgage lender and all of their approval criteria in order to be completed. A cash buyer doesn’t need to worry about a mortgage lender’s approval before making an offer, or completing the sale. It is entirely possible to be at the very end of a traditional sale and have the sale fall through, wasting time and a lot of effort for no reward.
Another bonus is knowing that you will close on the sale much faster working with a cash buyer. Because there’s no Lender approval process there is significant time saved during the process. If you, for whatever reason, need to sell your home as quickly as possible; then this may be the best option for you. Cash Buyers often, also, have title companies, Inspectors, and other professionals they work with closely to help cut a lot of time out of the process that would be spent calling around to see who you can work with.
Lastly, you will end up keeping more of your money from the offer. Since there’s no extra people involved in the process, there are less fees. You don’t have to worry about paying an agent a commission for helping you to sell the home, since there wasn’t anyone else that was involved. There are also a lot of lesser fees that you wont need to worry about paying since they aren’t part of the cash sales process, like inspections. Whether it’s the time savings, the money you can keep, or the peace of mind that it offers you; you can be sure that working with a company that buys homes professionally can help you sell your home quickly.