Today, it is estimated that one house out of every four houses is sold to cash buyers. This trend has been there over the past several years since it has a lot of benefits to the seller. However, some people still wonder if this method of selling your house is right for you. Well, selling your home to a cash buyer has a lot of benefits. When you want to sell your house for cash, you have to contact your investor who will come and view your house so that they may value it. After a few hours, the home cash buyer will give you an offer. The following are reasons why many people sell their homes to a real estate investor.
If you need to sell your home to an investor, you can still stay in the house for a few days after the sale. As for the traditional selling, a home cannot be sold when you are still there. If you need to stay in the sold home for a few days, it is possible when selling it to an investor.
Furthermore, there are no inspection or commission to be paid to the investor when selling your home in cash. This is contrary to when you are selling your house through the traditional means where you have to part with some money. Commission for the realtor is quite hefty, and you also have to pay house inspection fees before the sale. Nonetheless, a cash buyer usually does not ask you for any inspection fees, holding fees or commission. When you sell your home through an investor, you will get to save some cash.
A house that is being sold to a home buyer does not need to be spruced up before the sale. Even if your home has many things that need to be fixed, the cash buyer does not require you to fix them before the sale. The repairs will always be fixed by the buyer without asking for repair money. Hence, you will have an easy time since you will not handle the repairs which can be really stressing and also very expensive.
When selling your old home to a cash home buyer, you will be paid in lump sum very quickly. If you have a mortgage that you are unable to pay, selling your house to a real estate investment company will provide a quick way of getting cash. You will then be able to settle any urgent financial problem that you may have. Thus, you will circumvent foreclosure or the home being re-claimed by the mortgage company. In addition to this, a cash home buyer usually doesn’t ask for inspection and valuation of the house prior to buying.