- Honesty alert! It may not be your best option.
What are the benefits of selling your home for cash? As with everything you will read or hear from me, I will be completely honest with you. Selling your house to me may not be your best option. That’s right, for many people who have a lot of time and a house in perfect condition, selling your house to me may not be the best option. You will probably get more money for your home by selling it to a real estate agent and waiting as long as it takes to sell it on the open market.
- Time is money.
However, if you do not meet the above requirements and want or need to sell your home quickly, there are many benefits to me buying your home. Since your time is valuable, I’ll start with the most important benefit first. Cash Buyers Buy Your Home Fast! Don’t underestimate the value of this. We’ve all heard that time is money, and it couldn’t be more true than in real estate. You don’t even calculate the real value of your personal time spent trying to sell a home, simply owning a property is very expensive. Insurance, taxes, utilities, and maintenance can easily consume thousands upon thousands of dollars over the many months it takes to sell a home the conventional way. All that money could be in your pocket shortly after you call me.
- Avoid frustrations
I seriously considered making avoiding frustration the number one benefit, but a quick sale is just too important. Since you could literally write dozens of articles on the ways in which selling a home can be frustrating, I’ll summarize the most common ones in a list. In no order of precedence, just a few of the ways selling a home can be frustrating are; fix your house, organize your house, keep your house in show condition, have to leave your house on short notice for a viewing, 18 page real estate contracts in Colorado, demanding buyers, shop window buyers, nosy neighbors, pay for a home that I don’t live in, worrying about when or if your home will sell, negotiating with buyers, buyers backing out of contracts after you’ve moved in, realtor commissions, and most of all, the uncertainty of it all.
- Cash is king.
Which one would you rather have? A house worth $ 200,000 or $ 200,000 in cash in the bank. Of course, you would rather have the cash as you can do whatever you want with it. If you have a home, you have to sell it first to get the cash. The most you could hope to get after selling $ 200,000 through a real estate agent is around $ 182,000, and that’s if you didn’t have to do any repairs and sold it for full price. Do the math, real estate agent commissions of 6% and closing costs of 3% add up to $ 18,000. You will most likely have a few thousand in repairs and have to negotiate an average of 5% in price reductions and pay buyers closing costs. This means that you will probably only receive about $ 170,000 in cash for your $ 200,000 home. Like I said, “Cash is king,” so getting a quick cash offer from me is most likely your best option.
- It’s too easy.