You may have heard of selling your home for cash but been deterred by offers that are slightly lower than market value. However, the benefits of selling your home for cash greatly outweigh any small discrepancy. In fact, selling your home for cash as opposed to on the housing market through a regular agent can actually save you money in the long run.
No Renovations or Remodeling
If you have ever been to an open house showing or seen an online housing listing, you were probably blown away by the beauty, aesthetic, and functionality of the house. The most competitive houses on the market are typically the most updated. If you are trying to sell an ordinary or older home, renovations or remodeling of some sort are almost required to be competitive. These tweaks can be very costly. So, even though renovations and remodeling may bring in higher bids, they eat into your earnings before you have even sold the house. When you sell to a cash buyer, you don’t have to worry about any of that; you just sell your home as-is for a fair price.
Less Time on the Market
Homes can remain on the traditional housing market for months or even years. Throughout this time, you are paying a real estate agent to show your property and negotiate deals. Thus, the longer your home is on the market, the more you need to pay the agent for their time and efforts. Another problem with having a home on the market for too long is that people start to wonder why your home isn’t selling. They may wonder if there’s something wrong with your property and be less inclined to pay a fair price for it. Selling your home to a cash buyer can be completed in just a matter of weeks. You don’t have to worry about cash buyers seeing your property as “undesirable”; they are ready to buy your home at any time.
No Payments to Other Parties
In traditional selling methods, you need to make payments to outside parties such as your realtor, house stagers, or home-listing websites. With cash buying, you work directly with the buyer. Thus, you keep all the payments for yourself.
When selling your home to a legitimate cash buyer, you will always get a fair price. What isn’t immediately apparent in the offer value is all the money choosing this process over traditional home-selling methods saves you. There are no hidden fees or expenses when working with a cash buyer.
To find out how much money you can get in full for your home, contact Taggart Property Group here today.