Honesty Alert! I May Not Be Your Best Option.
What are the benefits of selling your house for cash? As with everything you’ll read or hear from me, I’m going to be completely honest with you. Selling your house to me may not be your best option. That’s right, for many people who have plenty of time and have a house in perfect condition, selling your house to me may not be your best option. You will probably get more money for your house by selling with a realtor and waiting however long it takes to sell on the open market.
Time Is Money.
However, if you don’t meet the requirements above and want or need to sell your house quickly, there are many benefits to having me buy your house. Since your time is valuable, I’ll start with the most important benefit first. Cash buyers buy your house fast! Don’t underestimate the value of this. We’ve all heard that time is money, and it couldn’t be any more true than in real estate. Not even calculating in the actual value of your personal time that gets eaten up trying to sell a house, just owning a property is very expensive. The insurance, taxes, utilities, and maintenance can easily eat up thousands and thousands of dollars over the many months it takes to sell a home the conventional way. All that money could stay in your pocket very shortly after you call me.
I seriously considered making avoiding frustrations the number one benefit, but a fast sale is just too important. Since I could literally write dozens of articles on the ways selling a home can be frustrating, I’ll summarize the most common ones in a list. In no order of precedence, just a few of the ways that selling a home can be frustrating are; fixing your home, staging your home, keeping your home in show ready condition, having to leave your home on short notice for a showing, 18 page Colorado real estate contracts, picky buyers, window shoppers, nosy neighbors, paying for a house you don’t live in, worrying about when or if your home will sell, negotiating with buyers, buyers backing out of contracts after you’ve moved out, realtors commissions, and mostly just the uncertainty of it all.
Cash is King.
Which would you rather have? A house worth $200,000 or $200,000 cash in the bank. Of course you’d rather have the cash as you can do anything you want with that. If you have a house you have to sell it first to get the cash. The most you could possibly hope to walk away with after selling a $200,000 through a realtor is around $182,000, and that’s if you didn’t have to do any repairs and sold for full price. Do the math, 6% realtor commissions and 3% closing costs add up to $18,000! More likely you’ll have a few thousand in repairs and have to negotiate down an average of 5% in price reductions and paying the buyers closing costs. This means you’ll likely only receive around $170,000 cash for your $200,000 house. As I said, “Cash is King”, so getting a quick cash offer from me is very likely your best option.
It’s Just Too Easy.