More than 5 million homes are sold in the United States every year, according to the National Association of Realtors. If you’re one of the millions of Americans thinking of putting your house on the market, you’ll face some stiff competition. That’s great for those who can afford to wait for the ideal buyer, but it’s less advantageous for those who can’t fix their homes up or who must move quickly. If you’ve ever wondered if you should accept an offer from a company offering cash for houses instead of hiring a real estate agent, keep reading.
Is a Cash Offer on a House Better?
In most cases, a cash offer on a house is better for the seller. Working with cash home buyers will bring faster results. We’ve all seen houses with “for sale” signs put up for months at a time. If you’re looking for a faster sale, you should consider selling your home to an investor. With cash sales, the process is quick and easy. In most cases, we can help you get cash for your house in a week or less. A quick sale is such an appealing concept that most sellers don’t mind receiving a little less than if they put their homes on the market.
Can a House be Sold in As-Is Condition?
When working with a cash buyer, you can sell your house as-is. There’s no need to worry about making time-consuming and expensive repairs. We will buy your home in almost any condition, so you won’t have to worry about disqualification due to structural or cosmetic issues.
Skip the Hassle of Listing Your House
Along with the money saved on repairs, you’ll also save on closing costs and agent commissions when working with companies that buy homes with cash. Agents’ commissions are significant, and in many cases, sellers must also pay the buyer’s closing costs. When you work with the professionals at Gem Homes, you’ll keep more money in your wallet.
Sell Your House with Less Stress
When selling a home using a real estate agent, there’s always a chance that something will happen at the last minute. For instance, a buyer’s financing can fall through. These mishaps are rare when working with cash buyers, because they already have financing lined up.
Am I Obligated to Accept a Cash Buyer’s Offer?
If we make an offer on your house, you’re under no obligation to accept it. If you’re undecided about selling and just want to find out what type of offers you can get, that’s okay. We won’t penalize you, and we won’t pressure you into making a quick decision.
Sell Your House Without Staging or Showing
This is a great reason to work with us. You won’t need to leave at the last minute because of a real estate agent’s showing, and you won’t need to keep your house spotless in order to increase its appeal. House staging and showings are stressful, but you can avoid all the hassles by selling your house for cash.
Remain in Your House Longer
Selling to cash buyers is an appealing option for those who need to make a quick move, but it’s just as beneficial to those who want to stay a little longer. If you need a little more time to secure financing and prepare for the move, we’ll work with you so you can stay until everything is settled.
How Can You Sell Your House for Cash?
If the above advantages sound good, you may wonder how to get started. Working with Gem Homes is easy, and by following these simple steps, you can sell your house in no time.
- Give us the details: We’ll need a little information about your home, including your address and the home’s basic condition. From there, we’ll contact you within 24 hours to set up an inspection.
- Get an offer: After we’ve inspected your house, we’ll contact you again with a reasonable, no-strings-attached offer. You’ll have plenty of time to think it over.
- Acceptance or rejection: When you’ve considered our offer, you’ll decide whether to accept it or reject it. If you decline the offer, there’s some room to negotiate. If you accept our offer, the process moves forward quickly. In most instances, it’s possible to close within a week or two of an offer’s acceptance.
Call the pros at Gem Homes to see how easy it is to get cash for your home.
Should I Sell My Home for Cash?
For most homeowners, there are numerous reasons to “sell my house for cash.” Now that you’ve learned about the process and its advantages, you can make an informed decision. We have plenty of online resources that will help you learn about selling a house for cash, and it’s never been easier to get started.
No matter where you go, you’ll hear about the disadvantages of debt. Therefore, it makes sense that paying in cash (or putting up a sizable down payment on the home to avoid the crushing debt of a loan) is a smart financial choice. However, there’s much to consider when comparing the benefits of an outright purchase vs. financing. In the sections below, we’ll explain some of the differences between using a mortgage or cash to purchase a home. Here are a few key takeaways:
- Paying for a home in cash eliminates loan interest and closing costs.
- Skipping the mortgage may wipe out your homestead exemption if you get into debt later.
When considering a mortgage or a cash purchase, we recommend opting for the choice that provides the most value for your money.
Cash Offers for Houses Benefit Seller and Buyer
With a cash sale, the buyer doesn’t have to pay closing costs or loan interest. Appraisal fees, mortgage origination fees, and other assessment charges will be a thing of the past. Cash offers are more compelling to sellers as well. In today’s competitive housing market, a home seller is much more likely to accept a cash offer because such a buyer is less likely to back out due to financing issues. Cash home purchases typically close faster than those involving mortgages, which is great for a motivated seller.
These benefits to home sellers should come with a price. If you’re buying a home with cash, it may be possible to get a bit of a ‘cash discount’. Cash buyers’ homes aren’t leveraged, which allows an owner to sell more easily regardless of current market conditions.
Get Started With Gem Homes
If you’re looking to sell your house quickly so you can move on to the next chapter in your life, working with a cash buyer like Gem Homes is a great choice. By partnering with Gem Homes, you won’t need to deal with real estate brokers, there will be no surprise fees, and there’s no loan agent to contend with. We make it easy to sell your home without all the hassle and stress!
- National Association of Realtors