If you’re about to put your home on the market, you might be wondering, “can I sell my house for cash?” The answer is yes!
Selling your home for cash is a fast and simply approach to selling your home. When the buyer doesn’t have to use any financing for the house, they can instead transfer all the money electronically or through a cashier’s check. If you’re interested in selling your house for cash, keep reading to learn about the benefits and the process.
Benefits of Selling a Home for Cash
Selling your house for cash comes with many benefits; here are the most common and most significant benefits that sellers will come across:
- Sell as-is – Before you put your house on the market, you’re likely going to need to make a few repairs or some minor renovations. When you sell for cash, you won’t have to worry about that. Cash buyers typically buy houses in any condition, so rest assured your house will sell no matter the state of your home.
- Spend less – When you sell your home with a realtor, you’ll incur realtor commissions and closing costs. When you sell for cash, there is no need for a realtor, so the money you get from selling is all yours.
- Sell faster – If you’re serious about selling your home for a full-cash offer, you can forget about the for-sale sign, and there’s no need to keep your home on the market for months to come. Cash buyers prefer to close quickly; NuWire Investor reports that “[cash buyers] often already have the money lined up and can give you cash for your house right away.”
- Get into your new house faster – If you’re considering selling because you’ve found the perfect home, a cash offer for your current home might be just the thing that secures your dream home. When you have the cash to offer, the new home seller will be more likely to accept your offer, so they won’t have to wait around for any delays in financing. As Joanna McCoy pointed out to Homelight, “By getting a quick cash sale and closing, you could have a better bargaining chip for the house you want.”
If you’re asking yourself, “but should I sell my house for cash?” then let’s take a look at the quick and easy process for selling your home for a full-cash offer:
- Find a reputable buyer: There are many cash buyers you can find, even just by doing a Google search. Check out their website and reviews to make sure they are reliable.
- Accept the offer and sign the contract: Once you are happy with the offer, both you and the buyer will complete the Purchase and Sale Agreement.
- Agree on the title and escrow companies: In many cases, the buyer will choose and hire the title and escrow companies. However, you do have the power to suggest other companies. Escrow will handle the closing documents while the title company will ensure the ownership documents have been appropriately transferred.
- Review and sign closing documents – Even when closing a home deal in all cash, you should still expect some paperwork. Signing these essential documents will ensure that ownership rights are transferred and closing costs are paid.
Bob Buys Houses Offers Cash for Your House
If you’re thinking to yourself, “I think I want to sell my house for cash,” then look no further. At Bob Buys Houses, we’ll buy your Salt Lake City, Utah, home with a full-cash offer and make the process easy for you. With us, you get a fair offer, and you get to choose the closing date. We’ll even pay any fees and costs. Contact us today to learn more about getting a cash offer on your house.