Selling a home can be one of the most exhausting, time-consuming, and expensive experiences a person will ever have. With a conventional sale, once you start getting offers, you can choose the one you want. When the house is in probate, the buyer must pay 10% down. The probate court will have to approve the offer before you can sell probate house.
You could go the conventional route and get a real estate agent. If you do it that way, the process may take months. When you look at how long it takes to be approved for a conventional home sale, you can see the benefits of selling your home for cash.
You Will Not Have to Wait for Home Inspection
When selling your home to a real estate agent or broker, you will have to have your home inspected first. People who are buying real estate are making a huge investment, and they want to make sure the home they are buying is safe. They want to make sure that it is a good investment and will not have to pay for major repairs before living in it or selling it.
In addition to having the home inspected, you will also have to have it appraised for value. The average appraisal cost in the US is around $400.
You Won’t Pay for RepairsPhoto by Anete Lusina from Pexels
If an inspector should find something wrong with your home, you will either have to pay for the repair or disclose the information to potential buyers. Paying for repairs can be very expensive.
If you do make the repairs, you still run the risk of no one buying your home. Then, in addition to paying the mortgage and taxes on a home that you do not want, you would also have to absorb the cost of the repairs. If you sell the house as-is, people may be reluctant to buy it because of the time and money it will cost them to do the repairs.
If you sell your home to a company that buys homes for cash, they will generally take the property as-is, and they will do the repairs when they want to sell the house.
You Will Only Have to Show the House Once
One of the most time-consuming things about selling a house is showing it. Your real estate agent only gets paid if they sell something. Therefore, they will want to show the home every time they get a chance, and they will have to show it at the potential buyer’s convenience. You may find yourself running home in the middle of the day to clean up before the next showing.
According to FL Home Buyers, you only have to show the home one time when you sell it to a company that buys houses for cash. They will make you an offer right away, and they will not change their mind.
There Are no Hidden Costs
If you take the traditional route of home sales, you will pay about 2% of the sale’s closing cost. The deal would also not end up closing for about 30 to 60 days. Many companies that buy homes for cash will pay the closing costs for you.
Selling a home can be a complex business. A fast cash sale can help to make things hassle-free.
Featured Image by Herbert Aust from Pixabay