Top 9 Benefits of Selling Your House for Cash In Longmont
It’s time to sell your home. But are you dreading the process?
Regardless of how you look at it, selling a home is a big process. It’s not something you do every day. Simply moving to a new home is stressful enough to rate a 25 on the Holmes-Rahe Stress Inventory.
Add to that everything involved in finding a realtor, listing your home, getting it ready, and finally, successfully finding a buyer–maybe more than once. Plus, it’s a huge investment and you want to make sure you get what your home is worth.
Have you considered skipping all that and selling your house hassle-free? It may sound too good to be true but there are many benefits to selling your house for cash.
Let’s take a look at them and also how you can find the best cash buyer.
1. No Middle Man When Selling Your House For Cash
Realtors are excellent resources when it comes to selling your home. A good realtor can make all the difference in the world in the selling process.
They can help you prepare your home in such a way that it will be attractive to buyers. They know all the tricks of the trade for negotiating the sale so that you receive the most benefit. Plus, they can help speed the process along by getting your listing in front of the right people.
But there are two problems with realtors.
The first problem is finding a good one. As helpful as a good realtor can be to the process, a bad realtor can do just as much damage.
There are lots of methods you can use to find a good realtor–get recommendations, read reviews, study their track record, etc. But all of that takes time and work on your part. You may not have the time or you may not want to do all the work.
The second problem with realtors is that you have to pay them. It’s only fair, they’re working hard to sell your home so they deserve proper compensation.
The money will always be there because it comes out of the sale price of the home so you don’t have to worry about that. But that means that you’ll get less money when everything is said and done.
2. You Don’t Have to List It
You might try to subvert having to find and pay a realtor by deciding to sell the home yourself. But by doing so, you’ve signed up for a very big job.
You’ll have to list the home yourself. You’ll have to do all your own marketing and somehow you’ll have to find a buyer.
You might get lucky and the right person will drive by and see your “for sale” sign. But the odds are not in your favor, or at the very least, it will take a long time. If you’re serious about selling your home, you’re going to have to put in a lot of legwork.
If and when you finally have an interested buyer you’re going to have to do your own negotiating. Chances are you’ll be negotiating with professionals, either the buyer’s realtor or their loan company. It’s unlikely you’ll leave the negotiating table with as much money as you should.
You can avoid all this hassle by simply selling your home to a cash buyer.
3. You Don’t Have to Stage It/Photograph It
Let’s back up a bit once more. Whether you decide to hire a realtor or try to sell your home yourself you’re going to need marketing materials. The basis for these materials is staging your home and photographing it.
Staging a home has major advantages. In fact, in a report from the National Association of Realtors, 77% of buyer’s agents say a staged home makes it easier for the buyer to visualize living in it.
What does this mean for you as a seller?
By making it easy for the buyer to envision living in your home, you have a greater chance of selling it faster and for more money.
The Internet is full of tips for how to properly stage your home. However, the expertise of a professional is what will really make a difference. Plus, you may not have the proper neutral furnishings necessary to effectively stage your own home.
Once your home has been staged, you’ll need photos for the listing and other promotional materials. Homes with high-quality professional photographs sell on average 32% faster.
Let’s put an emphasis here on the professional. Snapshots with your iPhone aren’t going to bring in those kinds of results. Of course, it’s better to have some sort of photos as many buyers won’t even look at a home without photos.
But if you want to see professional results, you’ll have to hire a professional.
The biggest downside to staging and photographing your home is that these are up-front expenses. Unlike paying your realtor, the money for these services doesn’t come out of the sale so you’ll have to be prepared to pay it beforehand.
4. You Don’t Have to Show It
Another annoying part of selling your home is having to show it. You have to be on hand and available to show your home to buyers at their convenience.
Even if you have a realtor to handle it for you, that means you have to constantly keep your home clean and tidy. Someone could be dropping by to take a look at the house at virtually any moment.
If you are a neat freak maybe that’s not a big deal. But most people don’t keep their homes spotless at all times and that can be stressful.
5. Avoid Costly Repairs
When you sell your home to a typical buyer, they’ll most likely want to have an inspector look at it. And even if they don’t, their lending company probably will. They may even ask that you make certain repairs to the home as part of the deal.
This costs both time and money. When you sell to a cash buyer, you can sell your home as-is.
Take that one step further, you don’t even have to worry about deep cleaning your home in preparation for sale.
6. Avoid Closing Costs
We’ve already talked about having to pay your realtor out of the proceedings of the sale. But this is only one part of the closing costs.
The buyer’s agent is also looking for their cut from the sale. There may also be various other closing costs you will be responsible for depending on how the deal is negotiated.
All of that is money that doesn’t make it into your pocket.
7. Less Chance the Sale Falls Through
Sales in real estate fall through all the time for various reasons. A buyer may change their mind, their financing may fall through, you may not want to agree to their terms, etc.
Cash buyers aren’t as concerned about the state of the home. They’ll take a look at it to ensure it meets their criteria, of course. But there won’t be all the back and forth negotiating that happens during a typical sale.
Instead, you’ll get an offer that you can decide whether to accept or reject. Once you have the cash in hand, the sale is over and done with and you’re free to get on with your life. Easy peasy.
8. Less Stress
All this to say, selling your house can be a very stressful experience. Just reading this article might have made you feel a little tired when thinking about all the work you would have to put into getting your home ready to sell. Not to mention all the waiting and wondering when you’re going to be able to close.
Plus, what if you’re facing foreclosure or another pressing reason to sell your house quickly? Waiting to sell a home the conventional way is just a bunch of extra stress that you don’t need.
9. Speed and Convenience
Thus, the number one benefit to selling your house for cash is speed and convenience. Selling a house can be a long, drawn-out process.
From staging and photographing to finding a buyer to waiting for their financing to come through–there’s no way to sell a home quickly that way.
However, when you choose to go with a cash buyer you can close on your home in as little as 7 days. It would take longer than that just to deep clean your home in preparation for everything else!
Selling Your House For Cash In Longmont
Less stress, less work, faster close–the benefits of selling your house for cash far outweigh any negatives.
The main thing you need to worry about is choosing the right company to buy your house. There are plenty of disreputable companies that won’t offer a fair price for your home or may try some other trick.
But stick with a reputable company like ours and this is a fantastic option. To get started, feel free to contact us today. You could have the money in hand by next week!