What if someone suddenly shows up on your doorstep willing to take a property off your hands? And this buyer is carrying a briefcase full of cash! Do you just turn this buyer away?
Or would you entertain the cash offer? You will be surprised at the amazing perks of accepting cash upfront rather than a payment made through a loan or financing.
According to Statista, the number of houses sold for cash has stayed above 29,000 in the US since 2014.
Accepting a cash offer on a house can cut through a lot of red tape. And you will likely see your sale push through. Insist on a mortgage and financing, and you may need to keep the property on Zillow, Trulia, or Redfin indefinitely!
In this article, you will learn the 10 benefits of accepting a cash offer on a house sale. By the end of it, you may be on your way to selling your house hassle-free and fast!
Benefit #1: A Quick and Successful Sale
A house is a significant investment for anybody. It requires payment through the nose, regardless of the method.
A buyer who is willing to pay cash will have done much to accumulate that wealth. By expressing interest, they will be ready to pay you for the price you have in mind. Most importantly, the buyer, by expressing interest, will want to purchase the property without delay!
Benefit #2: You Pay No Commissions to Anybody
If you have tried to sell through a realtor, you know that a commission is a rule. And it is one you likely wish to have never existed.
Selling your house for cash means that the buyer deals with you alone. So, you take the entire payment without having to pay a commission.
Benefit #3: No Need to Repair the House
As a person accepting cash offers, you put yourself in a position to sell your home in its current state. It does not matter what state the house might be in. By not having to deal with lenders, you do not need to spend money to fix the place! All judgment and accountability fall on the buyer. And this is all legal, especially in Alabama.
Benefit #4: Dealing With the Buyer Can Be Easier
“How?” you ask? Think about it. The transaction should be between you and the buyer. A mortgage or financing can complicate things.
It can turn something as simple as a house sale into a conversation between three or more parties. You do not want that. Selling a house should be simple. Accept cash offers, and house selling can be straightforward!
Benefit #5: Ditch Inspections
Financed buyers need to work with property inspectors. Property inspectors require houses to be in tip-top condition. Needless to say, inspections do not play to your advantage. By selling for cash, you bypass the inspection process!
Benefit #6: Smoother Price Negotiation
You and the buyer may have different prices in mind. Since only two parties are involved, negotiation is simple. All you need to do is meet halfway price-wise. You can determine this easily.
Add a realtor and lender to the mix, and the conversation can turn into a game of three-card-Monte! Of course, you win a game of three-card-Monte by not playing!
Benefit #7: No Paperwork…At All!
It takes little to no paperwork to close a sale from a cash offer. Sure, you may need to report it on your taxes. However, you can do away with credit checks, deed authentications, and other Kafka-esque forms. Besides, if your buyer is serious enough to pay five to six digits on the spot, they will handle all the paperwork for you!
Benefit #8: Ditch Fees
You thought selling a house is always profitable? Well, it depends.
In Alabama and beyond, there are fees for closing a sale. These include:
- Realtor commissions
- Appraisal fees
- Inspection fees
- Home repairs
As the seller, you may also have to shell out for staging and marketing. In total, it can cost you thousands of dollars to sell your home. There is one way to get out of these fees and enjoy your profits: accept a cash offer!
Benefit #9: A Stress-Free Sale
Here is a rundown of the sale-to-close continuum for houses. Before listing your house, you need to prepare for appraisal and inspection. Preparation will involve assessing leaks, faulty wiring, walls, and beams.
After that, you need to place your home on sale. You can do this on sites like Zillow, Trulia, or Redfin. Maybe you can even schedule an open house or staging event. Then you wait.
Once an offer comes, you need to discuss terms with the buyer and their realtor. Then you wait again until you receive an offer.
Talk about jumping through a lot of hoops! Luckily, you can cut through all of this by placing your house on sale and accepting a cash offer.
Cash offers take little time, negotiation, and pre-closing preparation. So, by accepting cash offers, you save yourself from a stressful trip through the sales-to-close continuum!
Benefit #10: Fast Money!
This should have been benefit #1, but you deserve the best for last. Financed purchases can take months before closing. With a ready cash buyer, you can sell for a profit in less than a month!
Accept a Cash Offer From a Trusted Cash Buyer!
By accepting a cash offer for your home, you ensure a quick, guaranteed, profitable, and hassle-free sale with minimal fees and red tape. You might be wondering, “Where do I find a ready buyer willing to offer cash in Alabama?”
If you think all this is too good to be true, look no further than Cash Home Offer USA! In three steps, we can give you an offer and pay you for your house! Get in touch with us for quick and easy cash for your home in Birmingham, Alabama.