Selling to a cash buyer, like a home buying company, is a great alternative to selling your home using traditional methods. You may be skeptical of selling to a cash buyer since they typically purchase properties for lower than regular housing market prices. However, selling to a cash buyer saves you significant amounts of money in multiple ways, making the process worth it.
Negotiations for No Renovations
When you sell to a cash buyer, you usually deal directly with the buyer. This direct communication allows for a lot more flexibility and negotiations than if you were to work through real estate agents. One of the things that you might consider negotiating when selling to a cash buyer is selling the home completely as-is without any renovations. Renovations done to fix up a home to sell can be extremely expensive and frustrating, especially since you won’t be able to enjoy the renovations yourself.
No Showing Costs
Because you deal directly with a cash buyer when selling to them, you don’t have to worry about doing a formal showing of your home. This means that you don’t have to stage the home or have a real estate agent show people around, both of which can be quite expensive. A cash buyer may ask to see the home to evaluate it, but they do not require any type of formal showing to see the property.
No Closing Costs
Another place that you can save money when selling to a cash buyer is in the closing costs. When you sell a home using traditional methods, you usually have to pay extensive closing costs and cuts to real estate agents or other third parties involved. All of these extra expenses cut into the actual profit you make on the house. With cash buying, however, there are no closing costs involved.
If you were to add up all the money you would normally spend on renovations, showing costs, and closing costs, you would see that you can save a very significant sum by selling to a cash buyer. Additionally, you can feel assured that you will get the full price for your home–no commissions or extra fees. With cash buying, what you are offered is what you get–and it is a great deal!
To see how much you can save and make by selling your home to a cash buyer, reach out to We Buy Houses here today!