If you’re in the process of selling your home, be ready to shed a few tears—and not from happiness. According to one survey, over a third of Americans admitted to crying at least once during the sale process.
Stress over the time frame, renovations, and the uncertainty of the process were among the most common causes.
In other words, it should come as no surprise that many sellers are opting to take a cash offer as the better sale option!
Selling your house for cash can be a great way to avoid the hassle and stress of a traditional home sale, but it’s important to know what to expect.
I’m here to help!
Plus I founded a groundbreaking video course called The Anxiety Cure.
I love sharing tools to help people live their happiest and and most fulfilling lives.
With this mind, I created this article with a range of things that you need to know about accepting cash offer on your home.
Let’s take a quick look at the key benefits you’ll enjoy during the process buying a home with cash.
When you sell a home for cash, you get to jump over many of the hurdles that draw out the closing process during a traditional sale. Without the need to work with a mortgage lender or deal with the underwriting process, you can close between one and two months faster! In some cases, the closing process can take as little as two weeks.
Unfortunately, working with buyers through the traditional home-selling process always involves risk. Buyers can back out of a sale for any reason, and even those who do want to follow through might not get the backing of their mortgage lender. This can leave you with an unwanted house on your hands for longer than expected—which can sometimes cost you time and money.
Working with a cash buyer, on the other hand, involves far less risk. Cash buyers will offer you a specific quote you can expect to receive no matter what if you follow through with the sale.
As mentioned above, selling for cash negates most of the closing process, including tedious negotiations. If you’re the type of person who doesn’t want to haggle over fees, repairs, closing costs, and more, sell your house here for a more straightforward sale.
One of the biggest benefits of cash sales is that there’s no need to struggle with the kinds of repairs and renovations that you’d resort to with a traditional sale. Cash buyers expect to purchase your home “as is,” meaning that they’re accepting the property problems and all. Instead of throwing your time, money, and labor into repairs, cleaning, staging, or curb appeal improvements, you can get an unwanted property off your hands fast.
If you want to avoid risk, if you’re dealing with a time crunch, or if you simply don’t have the resources to make repairs and renovations, accepting a cash offer on your home may be your best bet. These streamlined offers can help you get cash much faster than you might through a traditional sale, and they’re well worth considering for most busy homeowners.
As you work to get more out of your home and real estate, be sure to take a look at our other helpful guides!
Explore my therapist online course called The Anxiety Cure.