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Five Reasons You Should Sell Your Home For Cash  

A Cash Sale Can Save Money 

Selling your house for cash has become a more attractive option, even if the offer is lower than a traditionally priced one. For the simple fact that a cash home sale has a better chance of closing.  

Of course, when selling your house for cash, you will not need a real estate agent’s services. So the 6% agent fee that comes with selling your home with an agent is eliminated. Utilizing the cash sale option means you will be dealing directly with the buyer, bypassing the need for a realtor and their charges. So when you sell a house for cash, commissions are one expense you won’t have to account for.  

 

So you may be thinking that selling your house on your own would save you money too, but selling a house on the market is not easy. Understanding the real estate market is key to completing a home sale by yourself while getting the best possible price. Selling on your own also means you will be responsible for the repairs, paperwork, negotiations, buyer vetting, showings, and everything else that goes along with selling on your own. You may go through all the trouble of selling on your own to walk away with the same amount as a cash sale 

 

Get An Instant Buyer And Some Security 

There is no guessing game involved when selling your house for cash. Too frequently, with traditional sales, the offer is accepted, but the buyer fails to qualify for the loan or runs into some other difficulty. Selling your home in the traditional way can be frustrating for sellers going through the stressful process of marketing, finding a buyer, and finalizing the sale. Even qualified buyers can fall short, financial situations can change or they may not have been completely honest in their loan application. When funds are on hand, which is the case for a cash buyer, fewer sales fall through.  

 

Speed Of Sale 

When selling your house for cash, the process is much quicker than the traditional route. 

 A cash buyer already has the funds to purchase, unlike the average buyer who has to secure financing before purchasing. And if the buyer can’t get financing squared away, it just causes further delays for you to sell your home. Selling to a cash buyer allows the sale to proceed without being contingent on the buyer selling their house first or waiting on buyer financing.  

 Cash homebuyers don’t need 30-45 days to close since they don’t rely on bank financing to close. They can even work with a short escrow period (often less than 7 days). With a short escrow, there are a few necessary things that need to be complete before closing, like a home inspection and title work. But aside from that, the process is so much quicker. Which, in turn, means cash in your hand a lot quicker too.  

 

Less Hassle 

Selling your house for cash requires less hassle and the opportunity to sell the property as-is. Cash buyers don’t mind purchasing properties that need repairs or renovations. When purchasing as-is, the cash buyer will take all the necessary repairs into account and pay accordingly. They typically have a lot of experience with fixer uppers and understand the home repair process. Selling as-is can be a massive relief for people who want to move ASAP or don’t have time or extra money to get their house ready to put on the market. 

 In a cash sale, there is no need for a time-consuming and expensive third party appraisal. Selling a house without cash requires more parties to be involved. Which, in turn, creates a more stressful selling experience.  

 Also, the amount of hassle involved selling your house is dependent on the choices you make. Getting counsel from a real estate attorney or additional paperwork can mean more security on your part but usually results in additional expenses.  

 

 Increased Flexibility  

Selling to a cash buyer means more flexibility in terms of customization and negotiation. The most obvious being the appraisal that is required by the mortgage lender but not required otherwise.  

 

Also, cash home buyers are usually flexible on the closing date. That means you can decide when it is convenient for you to move. 

 The advantage of selling your house for cash is that you get an offer, decide how fast you want to close, and don’t have to make any renovations or repairs.  

 If you are ready to take the next step and find a cash buyer in the Dallas area, reach out to the WeBuyTexasHouse team. They are easy to work with, reputable, and can close quickly. Contact them today to get started selling your house for cash.