Many home sellers love the idea of selling their homes for a fast cash offer but see it as unrealistic. That’s not always the case. Many folks who say, “I want to sell my house fast” don’t realize they can get a fair all-cash offer with a quick close than trying to sell your home the traditional way. Here are the top reasons to sell your home fast for a fast cash offer.
1. Fast Timeline: The Sale Is More Likely To Finalize (and Quickly)!
Real estate transactions with cash are more likely to go through than sales that depend on various underwriting, lending, and financing regulations. For example, the buyers who plan to buy your home may be turned down for their loan despite being pre-approved or simply change their minds and decide not to buy your home. Either scenario draws out the process considerably.
Cash leads to a faster timeline. Your sale could be finalized in as little as one week. At most, it should take three weeks, which is still considerably less than the four to seven weeks that conventional financing takes if everything goes well. If any obstacles rise, you’re looking at a timeline that’s more than seven weeks.
Here’s a quick look at a cash-only timeline and a traditional timeline.
Cash-Only Timeline (One to Three Weeks)
- No bank approval process
- Immediate Sell
- Less Paperwork
- Avoid Contingency Clauses
Traditional Timeline (Four to Seven Weeks)
- Thousands of dollars to get the house up to standard
- Lots of negotiations
- High closing fees
- Stresses about last-minute cancellations
2. Convenience: Avoid Making Repairs and Skip Other Costly Expenses
The standard advice among real estate agents is to address issues like roof repairs, clutter, peeling paint, and “loud” colors on walls before a house goes on the market. A house that is presentable and in good condition has a better chance of selling compared to a house that needs a lot of work. Usually, a house that needs extensive repair will attract buyers who can ‘Fix and Flip’ it.
To balance out these changes and repairs, sellers include the cost in the sale price. For example, a home that would’ve gone on the market as-is for $180,000, can be placed on the market for $210,000, once the expensive repairs and improvements are completed. This makes sense when it comes to conventional selling, but this places a lot of stress on a seller who must pay upfront for the costly repairs while not knowing how long it would take for the sale to close or the final sale price.
Many cash home buyers have renovation skills and a keen eye for the expenses and timelines associated with different home issues. They are familiar with locating and working with various contractors and the work required to renovate a home. They’d rather pay $180,000 cash for a home and take care of the associated work on their own.
3. Fresh Start: Leave the House As Is
Maybe you wouldn’t like to worry about hauling decades’ worth of furniture and accumulated clutter to your new place or to storage units? Cash buyers are much more amenable than regular buyers to this kind of thing. They’re flexible and want to make things convenient for sellers. Many cash buyers are happy to purchase a home as-is. Sellers can leave everything they want inside the home and have a fresh start to their new lives. There is no need to spend weeks packing and cleaning, expensive services to deep-clean carpets, and to clear out years of accumulated grime. Selling your home as-is reduces any stress of fixing up your home or adding any renovation expenses.
4. Peace of Mind: Sell Homes in Any Condition
Many Dallas home cash buyers intend to fix up homes and sell them for a profit. They’re willing to buy homes in any condition, even poor condition. Sometimes, the worse the condition of a home, the more appealing the house is to cash buyers.
For the Seller, accepting an as all-cash offer provides immediate peace of mind. They know exactly how much cash they will be receiving versus what they may get months later trying to sell the traditional method.
5. Easy Sell
Do you want to sell your house for cash and close quickly? No problem! A huge benefit of selling your home fast for cash is the ability to get your cash now and put the money to use! Either if you have medical expenses, school fees, or want to buy that dream boat you’ve always wanted, selling your home fast for cash can provide this for you!