You have seen the billboards and heard the ads, but you might be feeling a bit skeptical. Is it really worth selling your home to a cash home buying company? While selling to a cash home buyer may not be for everyone, it’s worth weighing the pros and cons. Many people find that the advantages to selling to a cash home buying company far outweigh the disadvantages. To decide the best route for you, weigh in on the following factors:
Compare the Monetary Value
While it’s true that, to turn a profit, the offer on your home from a home buying company might be beneath market value. Without turning a profit, these companies would never stay in business. However, it is important to take a closer look at the expenses of a traditional sale, which might end up costing the same in the end. Factor in the additional mortgage payments and the cost of the repairs, updates, and remodels required to get your home up to par. And don’t forget about realtor commissions and closing costs, totalling somewhere around 8% of the sale price.
Compare the Process
Monetary costs are one thing; the emotional toll is even more impactful. Selling your home the traditional way is stressful. This is especially true if you are selling your home on the heels of a difficult life challenge, such as the death of a loved one, a divorce, the loss of a job, or a physical setback. During those times, the hassle of selling your home can feel like a giant weight just waiting to crush you. On the other hand, selling to a cash home buyer couldn’t possibly be easier.
Compare the Timeframe
You know the saying: Time is money. Just how much is your time worth to you? If you can afford to go about your home sale in a leisurely manner, you probably won’t mind going the conventional route. But if time is of the essence, selling to a cash home buying company drops the timeframe from months to weeks, or even less.
Going back to the original question: Is it really worth selling your home to a cash home buying company? Well, that depends on you. If you value your time, emotional health, and liquid assets highly, there are very few reasons NOT to sell to a cash home buying company. The choice is always yours; it’s just nice to know that there are choices.
Do you want to learn more about the advantages of selling to a cash home buying company? Simply click here to find out why Bob Buys Houses might be the right choice for you!