We see the bad guys insisting on cash transactions in crime movies, mafia movies, and even action movies. Rarely do they pull up in their cars with a big, black briefcase in tow, complete with handcuffs around the handle, and take an options contract out of it to be signed by both parties. Of course, most of us are not worried about leaving a paper trail, so why would we seek out cash buyers? Still, you don’t need to be part of a mob to know that cash is the king. There are a surprisingly high number of advantages of selling your home to cash buyers. More so than you may think. Below we will take a more detailed look at why cash offers should be grabbing our attention when selling a property. Selling can be a stressful process. Cash buyers could be the aspirin you need!
Time is Money
Here’s another one for good measure: time is of the essence. We have a lot of time idioms. You couldn’t blame someone for thinking that time is, seemingly, quite important. Yes, an advantage of an all-cash offer is its efficiency. There are several components to this, so let us break them up for you into a neat, little list:
- Breaking the chain- Usually, there is a third party involved in this sort of financial transaction. With cash buyers, you are cutting out the middle man and forming a chain-free sale as there are no lenders to deal with nor agents. This means no additional documents are being thrown into the mix. You skip the mortgage brokers, the lending institutions, and the extra hassle. Not to mention, you can never be sure who you are working with. Take a real estate agent, for example. There are many signs of a bad real estate agent that you need to look out for. Guess what you don’t need to worry about if you don’t use one? A cash purchase can be finalized in two weeks. Just make sure the buyer does have the money to back up his offer.
- The deal will rarely fall through- When selling a home the conventional way, you can never be sure if you are really done. The other party can back out at the last minute, not because they have lost interest, but they did not manage to secure the needed finances. This is rarely the case with cash offers.
- They know what they want- one of the notable advantages of selling your home to cash buyers is that they know what they want. A serious cash offer means you have almost certainly completed the deal; if you choose to accept it, of course.
Money is…also money
A chain-free sale, you say? That seems to bring with it an additional advantage, does it not? With fewer parties involved, there are fewer costs too. By its very definition, an all-cash offer means all lenders are being circumvented, avoiding related fees as well. But wait, it gets better! You also avoid hiring a real estate agent and paying any commissions.
Furthermore, potential closing costs are also avoided. Finally, the buyers, too, will not be charging you any fees. All these savings add up. You see, there are a lot of surprise costs homeowners face when selling a home in Winston Salem and many other places. Cash buyers help you avoid a lot of them.
Only a Pretty Home Sells for a Pretty Penny
Convenience is something else that’s on offer here. See, when you take the typical property selling route, you need to market your house. It means you could need to make certain repairs. You can skip this step by selling your home directly and avoiding thousands of dollars in repairs, which can be very beneficial. Still, apart from repairs, you may need to make other preparations before you start showing the house to potential buyers. Showings. Strangers will be visiting your home on a semi-regular basis, which means it always needs to be in tip-top shape. General hygiene is one thing; having to tidy up every time, all the time, is a bit of a hassle. All-cash buyers will either skip the showing or do not expect you to make an effort; they only want to see the basics.
Straight to the Point
There are fewer negotiations. Since you skipped hiring a real estate agent, this is good news indeed. As you can imagine, some deals will not require any negotiations at all. I myself am not much of a negotiator. My trip to Egypt a few years ago was wonderful but stressful. They have a culture of bargaining, which my friends found interesting, but my blood pressure would shoot through the roof whenever I wanted to purchase a souvenir. A cash offer is perfect for someone like me.
In most cases, cash buyers are investors looking to spruce up a property and sell it for a profit. If they see the house they like, they will make a serious offer, one that usually meets your expectations, and a couple of weeks later, you have the funds. Simple and easy!
What Does It All Add Up To?
At the end of the day, you will have a less stressful selling process if you are lucky enough to run into cash buyers. If you did a quick word search for this article, words such as ‘skip’ and ‘avoid’ would pop up as the most common ones used. There is a reason for this. Cash offers make the whole process easier and more time-efficient. A huge advantage that seems to tie all of the others together is that you will experience less stress.
On the Topic of Stress…
Often, when we are selling a home, it is because we are planning on buying a new one. Cash buyers can make the whole process simpler. Still, there is another side to the story. Once the new place has been purchased, we need to move. Long-distance moves can also be quite daunting. Again, there is a lot to think about and organize. Logistics plays an important role, and you need to make sure everything goes smoothly. Even though cash buyers can afford you the luxury to forego hiring external, our advice is not to do the same here. Employing professional movers can help a lot. With the help of professionals, relocation to any part of NC can be done quickly and harmoniously.
If we haven’t sold you on why you should sell to cash buyers yet, then let us make a quick recapitulation: less time, fewer fees, less inconvenience, and overall less stress. Need we say more? The advantages of selling your home to cash buyers are plentiful, even more so if your boss happens to have a nickname in the middle of their regular name and wears a striped, dark suit jacket with matching vests and pants.
If you have a home in the Triad area of North Carolina you need to sell fast, please call or text AIP House Buyers at 336-707-5223