How to Know What’s Best
If you’re in the life situation of getting ready to sell your house, you have a number of options these days. Maybe you’ve heard about some of the advantages of selling your house for cash, but don’t know all the details. Maybe what you’ve heard sounds like it could be a pretty good deal, but you want to be sure. In this post, we will get into all the pros and cons of selling a house to a cash buyer, as opposed to a traditional sale.
Major Problems with Tradition
There are two major problems with a traditional home sale. First, you need a good real estate agent to sell your largest (likely) asset, and a real estate agent charges a significant commission. The other major problem is, there’s almost always a mortgage lender involved. We will go further in depth on these topics in the paragraphs below.
Agent Involvement
Working with a realtor is practically a must when selling a property on the open market. Real estate agents help guide many homeowners through the selling procedure, and are important in getting the house sold for the most money. Agents typically get around 6% of the final sale price, and the seller pays this. Then the two agents from the buyer and the seller split that amount.
Lender Involvement
Most home buyers need help with financing, and that’s where a lender becomes involved. The mortgage lender is what really gives the traditional house sale a bad name. It’s lender requirements such as:
- Appraisal fees – official appraisal required
- Extensive credit checks take time
- Home inspection required
- Depending on the inspection, any necessary major repairs must be completed, before potential buyers can be approved
- Loan origination fees are added to closing costs
- The loan underwriting process takes time
All of these things and more cause delays, complications and cost extra money for both parties.
Accepting a Cash Offer
When selling your home outright for cash, there are no agent commissions because you never have to put your property on the market! Additionally, there is no mortgage lender involvement in cash sales, so this kind of home sale has a quick closing with cost savings, too. Accepting a cash offer is the best way to sell quickly, especially if you are in a desperate situation where you need to relocate now.
A Cash Sale
Many cash buyers are out there – from individuals, to real estate investors or house flippers, to cash home buyers like Sell Your House Fast – Las Vegas. No matter how you receive a cash offer, make sure the individuals have enough funds. Proof of funds (such as a bank statement) is something cash home shoppers should already have with them when making cash offers, as it’s a common request.
Who Should Use Cash Buyers?
When selling your home, it’s important to find the right cash buyer. Some other buyers will take advantage of you, especially if they see you’re in a bad situation, and give you a low-ball cash offer. You shouldn’t have to accept any cash offer you don’t like. If you don’t have much home equity, you may not be a great candidate for cash buyers. This is because you’re going to need to make as much money as possible just to pay off your mortgage. A traditional sale on the open market will maximize your profit potential.
Sell Your House Fast – Las Vegas
If you’re selling your home and interested in receiving a free, no obligation cash offer, fill out the short form on our homepage, right here on this website. A cash buyer will be in touch shortly, to schedule an appointment to visit the property in person. No need for completing repairs, we buy houses in any condition – and we’ll buy your house for cash, too! We here at Sell Your House Fast – Las Vegas are a trusted house for cash business. We believe in full disclosure and 100% transparency, so check out the website for all the details.
Summary of Advantages
Here are some of the advantages you can look forward to when you use Sell Your House Fast – Las Vegas:
- NO REAL ESTATE AGENT COMMISSIONS!
- NO CLOSING COSTS!
- NO REPAIRS NECESSARY – WE BUY HOUSES AS IS!
- NO HOME INSPECTIONS!
- NO APPRAISALS NEEDED!
- NO HIDDEN FEES FOR OUR SERVICES!
- GET A FREE, NO OBLIGATION CASH OFFER – GET A FAIR PRICE FROM AN EXPERIENCED CASH BUYER!
- GET YOUR CASH IN AS LITTLE AS TWO WEEKS!
We’re the cash buyers who care, so let one of our outstanding cash buyers come to your house and answer any questions you may have, discuss your options, and see if we can help you. After all, what have you got to lose?
