If you are looking to sell your home for cash, then you can look for a cash buyer. i.e. a person who buys your home and gives cash in return. It is quicker, and you do not have to hire a broker. There are usually no commissions and no extra fees for you to sell your home this way.
Here are other advantages you can enjoy when you sell your home for cash:
Sale is done quickly
You no longer have to worry about “the wait” when you sell to a cash buyer. There are professionals who buy homes and pay in cash. All you need to do is get in touch with a professional home buyer and discuss the sale. If everything goes well, the agency will make an offer to buy. And when the homeowner accepts the offer, the deal/sale will usually be completed in a week’s time.
To sell the home in as-is condition
The biggest attraction of selling your home for cash is that you can sell your home as-is, i.e. in whatever condition it is in. There is no need to mow the lawn, repaint the house, fix the kitchen, or anything that would force you to invest more money. You are relieved of the burden of doing a home inspection when you sell otherwise. Selling to a cash buyer, doesn’t bring that issue.
No visible dent in the credit rating
Sometimes, when homeowners are unable to pay off their mortgage, they are threatened with foreclosure. In such cases, homeowners would want to sell their home quickly to protect their credit rating. This prospect is certainly attractive to them and usually a deal takes place when both parties are satisfied. Nobody is forced to negotiate here.
No hidden complications that may affect the sale
A number of things can go wrong when you plan to sell your home to a buyer. The buyer may change his mind, or he may not get his loan, or you might feel that the price is too low and so on. The list becomes endless. But when you sell your home to a cash buyer, there are no worries of any sort. The cash buyer will not have to wait for loan approval because he is paying in cash. There is nothing or no one to challenge the sale because there are no middlemen.
Conclusion
You may be getting slightly less than the market value of the home, because the buyer will have to perform the repairs and maintenance of the property post sale. These homes are investments for professional cash buyers; they will flip the home after the repairs are done. But the good news is that you can sell your home for cash without worrying about painting, upgrading or doing any repairs. Unfortunately, most people see cash buyers as a last resort when they are threatened with foreclosure. They help anyone who wants to move quickly and want to sell home before they do so.