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What Does Selling Your Home to a Cash Buyer Mean?
September 14, 2022
You may have heard that there are legitimate ways to sell your home for cash. When you sell to a trustworthy cash buyer, you get paid in full for your property. There are also a lot of other benefits that make selling to a cash buyer better than selling your house using other methods.
Work Directly With a Buyer
Instead of having to sift through multiple offers and buyers through traditional methods of selling, you work directly with one buyer when you sell to a cash buyer. You also don’t have to work with a realtor if you don’t want to because the process is so simple. Because you aren’t working with a realtor, all communication is directly between you and the cash buyer. Direct communication makes negotiations and interactions much more genuine and easier to understand and navigate.
Avoid Time On the Market
On average, homes being sold through traditional methods can take many months to be shown and sold. If you aren’t able to find a good buyer, it can even take years to sell your home on the regular market. Having a house on the market for longer greatly depreciates the value of a house. This means that when a house is finally sold, it will be sold for significantly less than what it could have gotten or what it is really worth. This doesn’t happen when you sell to a cash buyer because your house doesn’t go on the regular housing market. You only show your home to one buyer and they decide immediately whether or not they want to make an offer. Their offer is based on the true value of your home.
Get Paid in Full
Regular buyers usually don’t have the means to give you their offer price in full. You will typically get incremental payments. In worst-case scenarios, the buyer will not have enough money to pay you in full, in which case you will not get the full price you were promised. This doesn’t happen if you work with a trustworthy cash buyer. Cash buyers make a living off of buying and reselling houses, so they have the financial means to pay you in full.
When selling to a cash buyer, make sure that you are finding a reputable and trustworthy buyer. These buyers will ensure that you get a fair price in full for your house. You can then use that money immediately to pay off debts, purchase a new property, save, or invest.
To start speaking with a trustworthy cash buyer, reach out to State Home Buyer here today