Every homeowner is looking to get as much money as they can when they sell their home. Selling to a cash buyer can give you quick and easy cash, but you may have heard that the offer you receive may be below market value. While this is true, you could still end up saving money with a cash sale.
Save on Repairs
Selling your home the traditional way can cost you money, most obviously in repairs. To get top market price for your home, it has to be in tip-top condition. Buyers expect to just move right in without doing anything.
If your house has serious problems, like a leaky roof or bad septic, you could be facing tens of thousands of dollars for repairs. But many little repairs can also be expensive. Not to mention, you’ll have to pay to clean carpets, repaint rooms, and so on.
Save on Fees and Commission
With a traditional sale, you could end up paying just to list your home. Then there are various fees along the way, ending with a commission to the agents and brokers. The amount you are offered for your home will never be what you walk away with.
When you sell your home for cash, you don’t pay commission. There are no fees for inspections, and the price you are offered will never change. You can come out ahead by thousands of dollars.
During the time it takes to sell your home the traditional way, you will have to continue making mortgage payments, paying taxes and insurance, and keeping up with utilities. If your house sits on the market for months, then it’s clear that time equals money.
By contrast, a cash sale can conclude within a week or so after you contact the buyer. If you’re having financial problems, you can get quick cash for your home and save on expenses by selling to a cash buyer.
Each individual situation is different, so nobody can tell you for sure if you will save money with a cash sale. But considering the expenses in selling a house the traditional way, there’s a good chance you can. Learn about what’s involved with a cash sale and compare for yourself.
Selling your Hilton Head or Savannah home for cash could save you money. Click here to learn more.