What Does a Cash Buy Mean for Your House?

You’ve heard about cash buyers, but you’re not sure exactly what it means for you or the house you have to sell. It’s natural that you have questions. But, the process of a cash buy is actually simple and can mean a quick sale for your house.

Why Consider a Cash Offer?

Homeowners consider taking a cash offer for a number of reasons, but mostly for the convenience and speed. The traditional way of selling a house on the market can take many months and involves tons of paperwork and hassle. 

A cash offer is a good choice for someone who wants to avoid making expensive repairs or clean up a house for potential buyers to walk through. A cash buy may also be beneficial in the case of an inherited house, a divorce, or any other reason quick cash is needed.

What Are the Costs to You?

Selling your house for cash involves no costs to you. That seems too good to be true, but it is. Your savings begin as soon as you contact the cash buyer. You don’t have to spend any money making your house presentable for showings. The cash buyer will purchase your house “as is.”

And, unlike a traditional sale, you won’t have to pay commission or closing costs. Real estate commission can subtract 5 to 6% of your sales price, and sometimes more. On top of that, you have additional closing costs.  But with a cash sale, the amount you are offered will be the amount you receive at closing. 

How Long Does It Take?

A cash buy eliminates the nail-biting weeks and months you have to wait for an offer on your house on the open market. Instead, after you contact the cash buyer with the information about your house (address, brief description), you will receive a cash offer within 24 hours. 

If you accept the offer, you can set a closing date at your convenience, often within a week or two. From start to finish, the average cash buy transaction completes in less than 30 days.

The cash buying process is speedy, convenient, and stress-free. If you need to sell a house quickly and with no fuss, you should consider contacting a cash buyer and learning more.

Want to know more about selling your home quickly in the Hilton Head and Savannah area? Click here to find out!

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