There are many factors that may lead you to decide to sell your home. Perhaps you just got a new job or a job transfer, or maybe you’re bored living in the same neighborhood for so many years, and you want to experience a different town.
You can also decide to sell your home to get cash to foot some urgent expenses, say hospital bills, for some unexpected surgery. Whatever your reason is, it’s important for you to know how to and how not to sell your house.
What It Means
You may innocently assume that selling your house is straightforward and simple. The truth, though, is that many people get really stressed out in the process.
Doing it yourself can be quite time-consuming and energy-draining. You may not even successfully strike a deal with a buyer if you’re ever busy.
Another option is to list your home with a real estate agent and let them do the marketing for you. However, you should understand that this comes with disadvantages such as:
- The real estate agent you choose may be so busy with other clients that the sale of your house gets delays considerably.
- It can end up being expensive due to the hefty commissions they charge.
- Dealing with a middle entity may not be the best approach since they may not serve your interests as you’d have wished.
- Different and conflicting timetables between you and the agent may cause your house to sit longer on the market than you’d planned.
- Some agents are scam artists whose main intention is to swindle you of your hard-earned money. Some are also inexperienced, and that translates into delays and substandard deals.
The Hottest Option Right Now
Due to the above pitfalls, it’d be wise on your part to consider cash home buyers. These are usually investment companies that purchase your home as-is with the intention of reselling to buyers after they make the necessary repairs.
So, if your house is located in Long Island, where more than half the New York City population resides, make sure to look for cash home buyers on Long Island.
The Benefits
Here are the benefits of selling your house to cash home buyers:
1. Instant Cash
With the right company, you’re assured of receiving payments for the sale of your home as soon as you want to. You can actually get paid within 24 hours after approaching them.
This is good in times of emergencies where you need the cash almost immediately.
2. No Need to Do Repairs
Most cash home buyers buy your house as-is. In other words, they accept your house with all the flaws and issues it may be currently having, including but not limited to:
- Faulty windows and doors
- Non-functional home security systems
- Overgrown bushes
- Damaged walkways and driveways
- Damaged floors
- Faulty plumbing
- Peeling paint and dirtied walls
- Deteriorating cabinets
- Non-energy-efficient light bulbs
Such repairs can really eat your time and money if you do them on your own. Cash home buyers automatically assume this responsibility. Of course, the cost of repair is factored in their offer price, but it’s way less than what you’d have spent since they benefit from economies of scale.
3. No Commissions
The average commission charged by real estate agents is 4 to 6% of the sale price. The thought of avoiding such a hefty deduction is simply blissful.
And that’s what cash home buyers offer you.
4. You Choose the Closing Date
In traditional home sales, you’re always at the mercy of the buyer regarding the closing date. It can even take months before you finalize the sale and hand over the keys to the new owner.
But with cash home buyers, you have the privilege of choosing your preferred closing date. Could life get any better?
5. No Endless Marketing
Selling your house to a real estate investment company rids you of the need to personally look for potential buyers. As earlier mentioned, the process can prove grueling and can leave you in depression.
Handing over this responsibility to the investment company gives you real peace of mind. The cash buyers have well-established networks, and thus finding buyers won’t be as stressful to them.
Does It Make Sense?
Take time to weigh the options before choosing the method by which you’ll sell your house. And if you get convinced that cash home buyers are the hottest option, look for a reliable company and instantly sell your house. You’ll surely love the experience.