11 Benefits of Accepting a Cash Offer on Your House

11 Benefits of Accepting a Cash Offer on Your House

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If you’re like most home sellers, you probably worry about the time and effort required to prepare for a sale, from staging and cleaning to completing repairs and upgrades. Perhaps you’re not sure if you’ll be able to find a good real estate agent to work with or if you’d prefer not to use an agent at all. Maybe you’re feeling anxious about the possibility of the sale taking too long, or experiencing stress over the costs associated with selling a home.

Fortunately, there’s an easier way. Accepting a cash offer on a house provides a number of advantages over a traditional sale, like speed, cost savings, reduced time, and (best of all!) lower stress.

But why is an all-cash offer better? Read on to discover the benefits of selling a house for cash.

1. Reduce Stress

Selling a house the traditional way is stressful. You have to clean, stage, repair, and upgrade. You must find an effective agent, deal with the appraisal and inspection, and keep your home spotless through showings and open houses. And let’s not forget the million and one other things to worry about; will the buyer back out or lose financing? How long will it take to sell?

While there are many reasons you may want (or need) to sell quickly, maybe you simply don’t want to draw out the process. Either way, a quick home sale reduces stress.

2. Solve a Difficult Problem

Do you need to split the equity in your home in a divorce? Do you have to relocate for work sooner than expected? Maybe a fast home sale would avert foreclosure, or allow you to liquidate cash to pay down debt.

Whatever the reason, accepting a cash offer on your house can help you out of a sticky situation.

3. Save on Repairs

In a traditional home sale, the inspection brings attention to necessary repairs. In most cases, the home seller must either pay to fix problems or lower the home’s asking price accordingly.

In a cash sale, you simply sell as-is. You’ll save money on repairs and upgrades… especially given that most don’t even result in a full return on investment. Best of all, you don’t even need to clean or stage.

4. Skip the Marketing and Showings

Finding potential buyers is a lot of work, and showing your home in the best light is both time-consuming and expensive.

Consider open houses and (especially) showings; keeping your home in walk-through-ready condition at all times is difficult. Got a full-time job, kids, or pets? Maintaining a spotless state may feel next to impossible!

With a cash sale, you don’t have to market or show your home.

5. Stop Feeding the Money Pit

Has your house turned into a money pit? Are you tired of sinking your hard-earned paycheck into repair after repair?

Many homeowners feel this way, especially those with older houses. The good news is, you can stop wasting money by accepting a cash offer.

6. Move Quickly

Do you need to move for your job? Are you getting divorced? Are you simply ready to go?

Don’t let a sluggish market thwart your plans.

Why wait around for your home to sell? Just sell your home for cash, move out, and move on with your life.

7. Pass on the Inspection

Let’s face it: The inspection and appraisal process are no fun. Discovering all the things “wrong” with your home can be incredibly stressful.

A cash sale lets you avoid this hassle. Cash buyers expect your home to have flaws, allowing you to skip expensive repairs that can slow — or derail — a traditional sale.

8. Eliminate the Risk of a Failed Sale

Speaking of derailed sales, did you know that financial issues are the main cause of home sales falling through?

cash buyer like HomeGo eliminates that risk. Not only can you avoid inspection contingencies — notorious for letting buyers back out of sales — there’s no risk of financing falling through, because HomeGo uses its own funds to buy homes.

9. Avoid the Negotiating Table

Do you enjoy haggling over prices? Find it fun to go back and forth over nit-picky details? Many people find negotiating stressful and unpleasant.

Good news: A cash offer lets you avoid the negotiations completely. Instead, you’ll receive a firm offer. You can accept on the spot and be done.

negotiate home sale

10. Say No to Paperwork

Paperwork is yet another not-so-fun home selling activity. The sheer amount of forms to read, initial, and sign can feel overwhelming, and even small mistakes can cost you.

However, a reputable cash buyer will handle the closing and paperwork process for you.

Not all offer this service, though. If you’re working with a cash buyer, be sure to check reviews and references to see how they’ve helped other buyers.

11. Save on Commission Fees

Did you know the average real estate agent fee takes up to 6 percent of your home’s sale price? Selling your house for cash means you skip the Realtor and save the money.

Just be sure to check for hidden fees, as some cash buyers may spring them on you.

Fortunately, HomeGo never charges fees, so more money stays in your pocket.

Why is an All Cash Offer Better?

These are just a few benefits of accepting a cash offer on your home. Just remember, not all cash buyers are created equal, so be sure to do your research.

Why not go with the company that has thousands of satisfied customers? HomeGo never charges fees, uses only licensed real estate agents, and can even help you resolve title issues.

Still have questions?

Talk to a HomeGo agent, and schedule a no-obligation walk-through today.

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