England alone has over 200,000 empty homes. Not only are many of these properties now an eyesore, but they are also (in many cases) a huge burden for their owners.
Unfortunately, those looking for a move-in ready home aren’t particularly interested in these often forgotten and forsaken homes. This doesn’t mean you are out of options.
Have you considered selling your house for cash? The fact is, there are now more cash buyers actively searching for properties to purchase as-is than ever before.
If you want to learn why you should choose to sell your house for cash, keep reading. We go over some of the biggest benefits this method offers here.
1. More Sales Go Through
When you opt to sell your home for cash, you are eliminating the well-known drill of accepting an offer and then having buyers back out at the last minute when they can’t get the needed financing. Once the cash is in your hands, that’s it.
You don’t have to worry about cases of cold feet, or the buyer backing out.
In fact, there are many sales that are completed in one to three weeks, compared to a period twice as long with traditional sales. Additionally, most cash sales are “as is.” This means repairs usually aren’t required.
2. Increased Flexibility
While there are usually a fixed number of options to consider when selling a house, there’s no question that selling your house to a cash buyer offers more flexibility.
After all, these buyers aren’t a family looking to buy a home. They are investors who want to earn a return.
This means the people offering you cash are much more willing to work with any circumstances. For example, if you are selling as part of your divorce settlement, then they are going to provide a custom offer and plan compared to if you were underwater on the property.
Cash buyers don’t offer a one-size-fits-all process. As a result, they are more flexible, while still helping you get rid of the property as quickly as possible.
3. Low or No Fees
There are quite a few fees associated with selling your house the “old fashioned” way. The biggest of these fees is the one that goes to your selling agent. In the U.K. this commission ranges between 0.5 per cent to 3.5 per cent of the total selling price.
When you use the services of a cash buyer, you can avoid this commission. Even better, you don’t have to worry about paying for holding costs, seller concessions, property tax, insurance, the mortgage or anything else.
4. You Can Set the Closing Date
If you sell through an agent, you usually don’t have any control over the closing date. This is part of the contract.
It can be extremely frustrating if you are trying to sell quickly. After all, if a buyer makes a great offer, but can’t close for a few months, what’s the next step?
This isn’t a good position to be in. If you choose to use a cash home buyer, they can close based on your schedule. In most cases, these buyers can even accommodate fast closing times.
5. Ability to Sell As-Is
Does the property you are trying to sell have quite a few things that need to be fixed? If you are trying to sell the home by traditional methods, you are going to have to pay – out of your own pocket – for all these things prior to selling.
Keep in mind, major home repairs like a new roof, new plumbing, or a new heating and cooling system can be costly. These repairs also take time.
If you want to avoid having to spend this money and deal with these repairs, then sell your home for cash. The buyer will purchase as-is, helping you move on with your life sooner.
6. Easily Sell a Vacant House
Have you ever attempted to sell a vacant house? While this may seem simple, that’s just not the case. In fact, this can wind up costing you a lot.
Most buyers want to imagine what the house is going to look like when they move in. They can’t get that vision if the house is completely empty.
Even in new properties, agents will stage the house to help give buyers a clear picture of how the space can look.
Trying to sell an empty home is a huge challenge. With cash home buyers, you don’t have to worry about any of this.
They will purchase the home without it being fixed up, and they don’t need to see it full of stuff to hand over cash.
When you decide to sell your home for cash, the entire process is going to be handled by the buyer. This reduces the stress of selling that you may otherwise face.
The result is a stress-free, speedy sale. Sounds pretty nice, right?
Why Wouldn’t You Sell Your House for Cash?
As you can see, there are several benefits when you opt to sell your house for cash. Be sure to keep these advantages in mind when trying to sell your property, regardless of its condition.
If you are ready to sell your home or property, without the hassle or stress that accompanies a traditional sale, then you should consider an all-cash sale.
For more information about selling to this type of buyer, contact us. We can provide you with a cash offer for any property and you can get cash fast.