In 2021, cash home sales rose to 23% and iBuyer companies offered 104.1% of the fair market value of the property. Companies that buy houses for cash are fiercely competing for properties, often putting in multiple offers. (1)
When selling your house, you will have different options. For instance, you can work with a real estate agent, sell your house yourself or work with a cash buyer. Each option has its merits and demerits, but working with a cash buyer is often the best choice for sellers who don’t want to deal with the hassle of selling their homes, if this route sounds appealing to you we buy houses Kansas City; call us now and we will make you a fair cash offer on your house.
Here are the top five reasons you should consider selling your home to a cash buyer.
Facing foreclosure can be a stressful situation. This is because it threatens your financial stability and damages your credit score. In addition, it only leaves you with fewer choices for the future. If you are facing issues when paying your mortgage payments, selling your home for cash may be the best way to avoid foreclosure.
Cash buyers have money readily available, and they can close on a deal quickly. You will not need to worry about making monthly payments or dealing with the stress of showings and open houses. In addition, selling to a cash buyer means you will have negotiation power. This can help you sell your house at a reasonable price.
It is also a great way to attain financial stability within a short period.
Selling your home for cash can help you deal with unwanted property easily. Unwanted property may be any property you inherited or received as a gift from another person. If you already have another property, you may be looking for ways to get rid of this property quickly. Selling to a cash buyer will be easy and quick because cash buyers buy properties that need significant repairs.
Therefore, if you don’t have money or time to make the repairs yourself, you can contact a cash home buyer who will buy your property. In addition, selling your house for cash helps you avoid the pressure of listing your home on the open market and a complex closing process.
When you sell your home directly to a cash home buyer, you don’t need to deal with the costs of commissions, repairs, and showings. This is because you sell directly to the buyer without needing a real estate agent. Hiring a real estate agent means you will have to pay them a percentage of your property’s selling price. Depending on the agent’s commission, this might be too expensive.
Selling your home for cash is also cheaper because no repairs are needed to be completed before selling the house. To make your home more appealing to buyers, you must paint it and buy new appliances that most buyers want in a home. Similarly, you must upgrade your bathroom and add the proper lighting. If your house doesn’t have a single quality a buyer is looking for; they may choose not to purchase it.
Finally, you don’t need to stage your home or hold open houses because the cash house buyer will buy your home the way it is. Open houses can be dangerous because you will need to host strangers in your house every day until you find the one who is interested in purchasing your home. This is why it is better to sell your home to a cash buyer instead.
The guaranteed promise is that you can get an instant cash offer and find out how much your home is worth right away. Some buyers may provide rapid offers, while others may want to speak on the phone and come out and inspect your property before making an offer. Either way, you will have to wait for an inspection before getting a final offer. However, when selling for cash, you can close the sale within 14 days or less.
In case you owe too much on your home, the cash buyer can offer you another method of paying you. As long as the cash buyers can get the title work and appraisals done and the closing agent can accommodate the closing, the sale can be completed very fast. Most cash home buyers today have a goal to flip houses for a profit. This means these buyers turn around and sell many of the homes they buy for a profit without any repairs or upgrades being completed.
Sometimes, they may simply assign the contract to a different buyer. For this reason, they will pay for your property quickly so they can make their profit quickly in return.
The procedure of selling your house to a cash buyer involves going to the company’s website and filling out some forms. If the buyer is interested, you will receive a cash offer within 24 hours. Many of these investors may buy your home in challenging scenarios that turn off other buyers. Other scenarios include when no lenders are willing to loan a buyer money to purchase the house.
For instance, these buyers buy homes with title flaws, burned-out or storm-damaged homes, and homes that need major repairs. In addition, cash house buyers buy homes with huge amounts of past due taxes and properties with code violations. Finding a buyer for such homes through the traditional process can leave your house on the market for months or years. However, a cash home buyer will buy such property from you with no complications.
If you are facing foreclosure or have an unwanted property that you want to get rid of, you should consider selling it to a cash buyer, we buy houses in Kansas City. In addition, if you have a damaged property and you don’t want to spend money fixing it, you can sell it for cash. Cash home buyers have experience helping homeowners in these situations. Once you call them, they will come to your home, complete an inspection and then give you a cash offer.
If you accept the offer, the sale of your home will be completed immediately. There is no pressure on your part or delays that may prolong the selling process.
Benjamin Allgeyer is a real estate investor and the owner of Crown City Home Buyers, a cash home buying company based in Kansas City, MO. Benjamin has a passion for helping homeowners who are facing difficult situations, such as foreclosure or financial distress, by providing them with a quick and hassle-free solution to sell their homes. He is committed to providing his clients with exceptional service and helping them achieve their real estate goals.
We here at Crown City Home Buyers are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.