Hello World! Welcome Friends! The traditional real estate process isn’t for everyone. Selling a house the “regular” way can be both expensive and time-consuming.
Furthermore, what if you don’t have time or money? What if you don’t have either?
Some situations call for an immediate house sale. It could be because you’re facing foreclosure or because you’re getting relocated for work. In some cases, homeowners simply don’t have the funding to prep their homes for sale, which usually adds up to more than $21,000.
You could have a real estate appraiser come out and tell you how much your home is worth, especially if you’re going to be selling it by yourself. Some people don’t really want to go through an agent to sell a house as it is, but there are often buyers out there desperate enough to snap up any house they can buy. Having it appraised will give you an accurate cost or value of the home before you put it on the market.
Fortunately, there are a lot of perks to selling a house as-is. Not sure it’s a good idea? Keep reading to learn why selling a home as-is might be your best option.
No Expensive Repairs or Updates
One of the biggest benefits of an as-is home sale is that you aren’t required to invest in updates, renovations, and repairs. These are some of the biggest factors contributing to the $21K figure listed above.
If you sell your house to a cash home buyer, you can also skip the home inspection and the appraisal. These aren’t incredibly expensive but will take more out of your budget. Furthermore, all of these things take a lot of time, which you might not have.
Skip the Realtor Fees
Did you know that most realtors charge a 3% fee for helping you sell your home? If you sold your home for $300,000, that means they’re taking a $9,000 cut. If your transaction is like most, you’ll end up paying your realtor fees and the buyer’s realtor fees, totaling your realtor costs to $18,000.
Selling a house as-is to a cash home buyer allows you to bypass realtors altogether, saving you tens of thousands of dollars.
Avoid Tedious House Showings
If you know you’re selling a fixer-upper and choose to sell to a cash buyer, you only have to suffer through a single house tour. The cash buyer will come by to assess the property to give you their free cash offer.
If you sell a home as-is and list it on the real estate market, you could end up showing your home dozens of times. Aside from dealing with endless strangers parading through your home, you’ll also have to field low-ball offers from stingy buyers.
Selling a house as-is is much easier and far less painless when you sell to a cash buyer, particularly if you’re selling an inherited house. You can take all the stress out of the transaction.
Forgo the Traditional Closing Process
Finally, when you sell to a cash home buyer, you gain access to a quick and guaranteed closing process. Traditionally closing through banks and other lenders takes four to six weeks. During this time, the buyer can back out or accidentally become disqualified for a number of reasons.
If you’re in a rush and need a guaranteed sale, a cash buyer can typically close on a sale in just over a week. This can save you a lot of time and a lot of stress.
Are You Selling a House As-Is By Owner?
As you can see, there are a lot of perks to selling a house as-is. However, it’s not the right move for everyone. If any of the situations listed above hit home, perhaps it’s time to consider selling to a cash buyer.
For more real estate tips and homeowner advice, check out the rest of our blog. We have tons of articles created to help people like you make wise decisions.
Click the links below for any posts you have missed:
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Toodles,
Selling a house as-is can be a smart choice for many homeowners, especially those facing time constraints or financial limitations. Your article does an excellent job of outlining the benefits of selling to a cash buyer, such as avoiding expensive repairs and realtor fees, as well as the hassle of traditional closing processes. I appreciate the actionable advice and useful tips you provide for readers considering this option.