It can be tough to sell your home on the traditional real estate market. The competition can be stiff and the offers can be low. So why not consider simply selling your old place to a cash buying company? Here are just a few reasons to do so.
You Can Sell Your Home Quickly
When working with a cash buyer, you won't have to spend time putting your home on the market or waiting for prospective buyers to show interest. You don't have to worry about it taking months to get offers for your home before you can finally sell it and move on. If you sell to a cash buying company, you should be able to get your money in a matter of just a few weeks from the time you decide to actually sell.
There won't be any waiting periods to accommodate inspections or extended escrow periods. And you won't have to wait for a bank to approve a loan for a buyer before you can actually get your money. You can expect the cash buying company to do a quick inspection of your home and offer you a cash buyout within just a couple of days. If you accept the offer, you can start packing to move out right away.
There Aren't a Lot of Prep Requirements
Luckily, you don't have to worry about the condition of your home and staging it to make it look it's best when you're working with a cash buying company. The company is not going to move in to the place and will likely make a lot of changes if they decide to sell it to another buyer at some point in the future. In any case, fixing your old home up will not be your problem if you sell it for cash. You can expect to sell your old home as-is and walk away from it all as soon as you sign the sales contract.
You Don't Have to Worry About Losing the Sale
When your home is on the real estate market and you accept an offer from a prospective buyer, you have to wait and find out whether they even qualify for the loan they'll need to make the purchase. If something goes wrong during the loan or escrow period, you may find yourself back at square one.
If a cash buying company makes an offer for your old home, you'll have the peace of mind in knowing that they've already secured the funds to make the purchase. So you won't have to worry about losing the sale and having to start all over again.