When is Selling Your House to a Cash Homebuyer Right for You?

Many homeowners want to avoid the hassle of traditional homeselling. If you are in a situation where you are looking for a quick and easy sale, you might consider selling your house to a cash homebuyer. Real estate professionals like cash homebuyers specialize in fast, no-hassle sales for homeowners. Here is how to know if selling your house to a cash homebuyer is right for you.

Why avoid a traditional sale?

The biggest reason to avoid a traditional sale is to save time and money. Even when you live in an area with a good housing market, selling your house the traditional way can require a lot of time and money. For example, Georgia homeowners invest, on average, 12% of their home’s selling price in the sale, which includes closing costs, realtor commissions, and attorney fees. This cost can vary depending on the specific property and any home improvements that the homeowner invested in, and it may also be too high for some homeowners to commit to. Additionally, selling your house in Georgia can take around 90 days before closing, which may be too long for some homeowners to wait.

While the investment of time and money is the best way to get the highest selling price for your property, the traditional selling method can often be too difficult for homeowners to commit to. If you are in any of these situations, you might consider alternative selling methods, such as a direct sale to a cash homebuyer.

Inherited a House You Don’t Want

An inherited house can be difficult to sell, and the selling process can eat away your time and money. There might be delays in the title transfer procedures, costly repairs that are necessary for the property, or other hassles like realtor commissions, home showings, or renegotiations. Needless to say, it’s possible that you can’t or don’t want to deal with these inconveniences. An easy way out is selling your house to a cash homebuyer. This allows you to quickly receive an offer on the property as-is, close within 2 weeks, and walk away with the monetary value of your inheritance in your hand.

Divorce or Separation

Handling the division of assets during divorce can be difficult enough, but dealing with the homeselling process on top of divorce proceedings can be incredibly difficult for homeowners. Rather than navigating the process of getting the house market-ready, keeping it tidy for showings, and handling price negotiations together, some divorcing spouses may prefer to commit to a direct sale. Selling to a cash homebuyer allows these spouses to quickly collect their home’s equity, divide it as designated by the court, and move on.

Avoiding Foreclosure

Any number of situations can cause a homeowner to face foreclosure. Personal emergencies, unemployment, severe property damage, and many other factors can impact anyone’s ability to make mortgage payments on time. Sometimes, the best way to handle loan default is to sell the property and use the funds from the sale to resolve the debt. In that case, selling to a cash homebuyer allows you to sell without investing in repairs or realtor fees, and then walk away with a cash payment within 2 weeks so you can quickly resolve your debts and move on.

Don’t Want to Make Repairs

Getting your property into market-ready condition can be a hassle when selling your house. You first have to make sure that the property has no issues that would be flagged during a home inspection, and then you also have to worry about improving the visual appeal of your property to make it as marketable as possible. On top of that, if your home has recently suffered significant damage, then you may not want to invest thousands of dollars in repairs. Selling to a cash homebuyer allows you to bypass these repairs and sell your property completely as-is.

Summary

Plenty of situations can cause homeowners to want to avoid the traditional home selling process. If you are in any of these situations, or if you are looking for a quick and easy way to sell your house, simply seek out a local cash homebuyer in your area. You can often request a no-obligation cash offer on your property and close within as little as two weeks, completely avoiding the time and money that are usually spent on homeselling.