If you’re trying to use the traditional home sale process to get a property off your hands, you’re in for a roller coaster. Selling a home is one of the most stressful and emotional life events many of us can go through. After all, there’s a reason the process brings around 36% of U.S. adults to tears, often due to the uncertainty surrounding the sale.
Want to skip the stress? When you work with cash house buyers, you can avoid the headaches and hassles of the traditional sale process, opting for a fast and easy sale instead.
If you’re considering this alternative home sale option, we’ve put together a quick list of things to know in advance. Here’s what to keep in mind.
Your House Can Be in Any Condition
Put down the hammer! One of the perks of selling your house for cash is that you can avoid the work of repairs, maintenance, and staging. Because you’re selling in “as-is” condition, you won’t have to put any extra time or effort into the house.
Cash buying companies are used to buying a house in poor condition, and they’ll expect to address any existing repairs and maintenance before they resell the property. In fact, cash buyers can even take on challenging issues like past-due taxes, fire or storm damage, squatters, code violations, or title flaws. No matter what’s going on with your property, reaching out to a cash buyer can help get it off your hands.
What’s more, you don’t even have to clean the furniture out of the house! If you’ve inherited a property, you can sell it along with all of the items inside of it. Cash buyers will donate these items to local charities before flipping the house.
You May Still Need Inspections and Appraisals
Even though cash buyers are purchasing your home “as-is,” some of them still require inspections and appraisals. These can help cash buyers understand the fair market value of your home in its current condition.
However, if you’re trying to avoid these time-consuming contingencies for a fast and easy property sale, it’s crucial to work with a cash buyer that doesn’t require these hurdles. Make sure you know the terms of your contract in advance!
You’ll Get a Fair Price
As you can probably expect, you won’t get top dollar for a home you sell in as-is condition. Tackling repairs, staging, and showing, in addition to entering negotiations with competing bidders would be more likely to earn you a high price tag.
However, a cash sale will still offer you a fair price for the home in its current condition. Any reputable buyer will take into account the quality and quantity of the repairs they’ll need to do for a resale, and they’ll adjust their offer accordingly.
You Won’t Need a Real Estate Agent
With a cash sale, you won’t have to worry about finding and hiring the right real estate agent to sell your home. Instead, you’ll work with a cash buyer directly without a third party involved.
This can save you a fair amount of money: you’d pay a real estate agent a commission fee of between 5-6% of the sale price, on average. On a home that sells for $250,000, that’s a whopping $12,500!
The Sale Happens Fast
If you’re caught up in a divorce, relocation, or another stressful situation, you may want to sell your property fast and move on. When you sell your house for fast cash, you can have an offer in around 24 hours! Depending on the home, the sale itself can happen in around ten days, and you can even pick your move-out date.
You’ll Still Need Key Documents
Just because the sale happens fast doesn’t mean you can head to the closing empty-handed. You’ll still need to find key documents to seal the deal.
This includes documentation about your mortgage payments, property taxes, and HOA payments. You’ll also need to bring information about the house deed, mandatory disclosures, and any other paperwork your cash buyer requests. Failing to bring this information can delay the sale.
The Quote Is Guaranteed
Half the stress of a traditional home sale revolves around the uncertainty of the lending process. Any buyer’s mortgage runs the risk of falling through at the last second. This means that the offer they promised you can vanish, leaving you to start the sale process from scratch by attracting a new buyer.
When you work with our team of Maryland home buyers, on the other hand, you won’t have to worry about last-minute changes. We stand behind our offer. In fact, we’re so sure we’ll buy your home that you can even get a cash advance before closing!
You Should Reach Out to Multiple Buyers
When you sell a home via a traditional property sale, you can negotiate the price. Often, cash buyers won’t haggle on the price of their quote.
If you’ve received a lowball offer from a home buyer, it’s always a good idea to reach out to multiple companies. Searching “sell my house fast for cash” isn’t always enough to help you find a reputable company that offers fair prices!
Reaching out for multiple quotes can help you understand the fair value of your home in its current condition, and it also ensures that you can choose the cash offer you prefer. Don’t forget to also research your buyer of choice by checking their website, looking for BBB accreditation, and reading reviews and testimonials!
Work With Our Team of Cash House Buyers
Ready to dive into a fast and easy sale? Our expert team of cash house buyers is here to help!
Our goal is to help Maryland homeowners overcome the challenges they face when selling their houses. We’ll buy your home in any condition, regardless of the challenges. Feel free to contact us with any additional questions, or reach out to get your free, no-pressure offer today.