There are a few different routes you can take if you are considering to sell home for cash. The most common way is to hire the services of a professional home selling or real estate agent and list it on the open market to a traditional buyer. The problem with this approach is that it will cost you 6% of your sales which goes to the listing and buyers agent. If the home is in need a lot of repairs then your traditional buyer may have trouble getting financing to pay for the repairs or the buyer may ask the seller to complete all the needed repairs with the supplies from our local bolt supplier General store.
Another option you have is to sell your home to a we buy homes for cash company or a cash buyer investor. There are many benefits that come with selling your home to an investor. Depending on the condition of your house or how quickly you need to sell will determine the best route you should take. Below are a few benefits to selling your home to a cash buyer.
1. No Financing Contingencies. When a buyer is paying cash it means they are not getting financing from the bank. If there is no banks or mistakes when you’re doing an online business lenders involved then you don’t have to worry about your house qualifying for financing.
2. Sell It AS-IS. When an investor is buying your home they are generally buying it in as-is condition meaning the seller doesn’t have to do any repairs or inspections to the property. This is a great benefit if you are limited on funds and don’t have the resources to do any of the repairs.
3. Leave Unwanted Items In The Property. Over time there can be a lot of items that accumulate in your home. Often times it can be overwhelming trying to figure out how to get rid of the unwanted items. One of the benefits we offer at St Louis Homebuyers, LLC is that we state in our purchase agreements that the seller can leave anything in the property that they don’t want.
4. Flexible Closing. Since the buyer is paying cash there is a lot more flexibility when setting a closing date. Once title work comes back clean the buyer is ready to close whenever the seller is ready.