Selling a house to a cash buyer may not be for everyone, but people do it every day, and for legitimate reasons. Mostly, homeowners are looking to avoid the time, expense, and hassle of selling a house on the open market. People in certain common circumstances can come out ahead with a cash sale.
Often, when a homeowner gets behind on mortgage payments and is facing foreclosure, selling the house is the best option. But, the owner may not have the cash to make necessary repairs, and a home offered “as is” can linger on the market for months. Then, the sales commission can take a huge bite out of your proceeds.
With a cash sale, the owner is not required to make any repairs, and there’s no commission to pay. Often, you can close on your home within 30 days, settle up with the mortgage company, and move on to the next phase in your life.
If someone dies, their home may become the responsibility of relatives or heirs named in the will. Often, the home must be sold to pay the deceased person’s debts or to divide the assets among the heirs. There are good reasons for wanting a speedy sale.
For one, when the person who dies is elderly or has been ill for some time, the house may not be in good shape. The heirs may not be interested in making repairs and may want their share of the inheritance quickly. A cash offer is made sight unseen, regardless of the condition of the home, within 24 hours.
Life is unpredictable, and many people suddenly find that it’s necessary to sell their home in a hurry. The change may involve a divorce, a lost job, a desire to move to another location, or an unexpected need for quick cash.
Whether the change is positive or negative, these can be stressful times. It’s understandable they want to avoid the added trouble of listing a home, preparing it for showings, and waiting for an offer.
Whatever the reason, selling your home to a cash buyer may be a wise choice. A cash sale can be a worry-free process. It’s the quickest and easiest way to sell your home and involves no costs to you.
Discover why your neighbors in Northern Utah decided to sell their homes for cash by clicking here.