In 2020 alone, the average home stayed on the market for just 56 days. And many of those homes sold to traditional buyers looking to pay for the house with a conventional mortgage.
This process takes time and, though it’s the most common way to sell your house, it’s not the only option you have. Instead, you can sell your home for cash to a “we buy houses” company.
The process is different, but it offers a number of great benefits that you won’t find with other selling methods. Here’s what you can expect.
1. There’s Less Risk of Deals Falling Through
When you sell to a traditional buyer, you’re trusting that the buyer will be able to get a mortgage for the purchase. To do this, the buyer’s lender will need to inspect and appraise your property.
If the property has a bunch of underlying problems or doesn’t appraise for the price you’re asking, they won’t give the buyer the loan. They’ll deny your buyer’s loan application and the buyer won’t be able to close on the house. When this happens, you’ll have to start over from ground zero.
Selling your house to a “we buy houses” company lets you skip the hassle. They’ll give you a fair offer and, if you accept it, you’ll get the cash in exchange for the house. It’s fast, easy, and entirely up to you to accept the offer.
2. You Won’t Have to Spruce Things Up
Selling real estate with the help of an agent means you’ll need to make your home look presentable for showings, photos, and open houses. That means staying on top of cleaning, taking care of any repairs you can afford to make, and removing personal touches from the property.
If you’re like most people, taking care of those tasks is both overly expensive and time-consuming. When you work with a “we buy houses” company, they’ll buy your house as-is.
It’s why they offer a lower price for the property than you’d get with traditional house selling options. But you’ll spare yourself the trouble of staging the house and making repairs that you can’t necessarily afford.
3. It’s Fast
One of the first things you’ll realize when searching the internet for how to “sell my house fast,” is that cash home buying companies let you sell your house without staging the property. Even better, the sale will happen in a matter of days, not weeks.
You’ll be able to get the money you need to buy your new home or cover other expenses without having to wait for a bank to review a buyer’s application.
“We Buy Houses” Companies Make Selling Easy
If you’re thinking of selling your house, consider working with a “we buy houses” company. They’ll give you a cash offer for your home and you’ll be able to close on the sale in a matter of days.
Just make sure to do your due diligence and choose a company that has a great reputation and proven track history of buying homes like yours.
Selling a house for cash isn’t for everyone. If you’re still looking to sell to a traditional homebuyer but aren’t sure where to start, check out our latest posts for more tips and tricks.