When it comes to selling a property, homeowners have many options. From the traditional hiring of a realtor and sitting months on market to listing a for sale by owner and selling your own house, homeowners make the best personal decision with the most knowledge they have.
Unfortunately, many homeowners have little to no experience working with we buy houses companies. The benefits of cash buyers are numerous, so when I want to move on quickly I’m selling my house to cash buyers.
The Benefits of Cash Buyers
My first property was a traditional starter home and required nominal financing to afford. Once I procured a higher paying job out of state, I knew I needed to sell my house quickly in order to relocate.
After researching local real estate agents that came highly recommended, I realized the average realtor couldn’t promise a sale real estate closing within a specific time frame; waiting months of a potential buyer to purchase my home wasn’t an appealing outcome.
I began considering other options because utilizing the services of a realtor wasn’t a good solution for my hard time constraints. After hours of extensive research, I realized the most convenient and quickest method for me to move was selling to cash buyers. Initially, when I made my first cash home buying inquiries, I expected selling to a 'we buy houses' company to come with some negatives.
Why hadn’t I heard about their buying proficiency and fair cash offers before now? And why weren’t all my friends and family using their unbelievable services? I asked trusted family members why, and they admitted to not knowing any local cash buyers, not recognizing the advantages, and not understanding the general cash buyer selling process. I felt it necessary to explain why I was selling my house to cash buyers.
Reputable cash buyers offer numerous far-reaching benefits that make selling a home a simple process. The advantage I was most drawn to was their ability to guarantee a closing within a week of our first meeting.
That was simply unheard of when I originally researched the differing selling options homeowners had before I even listed my property. With cash buyers, I wouldn’t have to wait for a lengthy financing period because they had cash on-hand to purchase my property. If they viewed my property and wanted to purchase it, they could immediately.
This was great for me to relocate. Another unique benefit to selling my house to cash buyers was their desire to purchase my home in whatever current condition. For people like my parents, who had been unable to maintain basic upkeep and failed to update their home with the newest appliances, selling a distressed home could be difficult. Very few buyers want to acquire a home that needs major home repairs and lacks that move-in ready appeal. Thankfully, selling my house for cash meant selling without making any costly remodels or renovations.
An Atypical Selling Process
The standard selling process most homeowners encounter is fairly straightforward. A homeowner needs to sell, chooses a local real estate agent to represent them, and entrusts the agent to assess the home, provide a fair market value, and make professional advertising materials to entice prospective buyers.
Once a buyer is interested, the realtor and buyer’s realtor negotiate on behalf of both parties, and - best case scenario - agree and sign a purchase agreement. Now, even though the purchase agreement is reviewed and signed by both parties, the seller won’t receive funds until after the buyer procures home financing, which requires a mortgage lender or bank to approve.
From the homeowner’s initial decision to sell to the buyer’s mortgage approval takes a few months. What’s worse is the buyer’s ability to weasel out of a purchase agreement without penalty due to clauses and contingencies, leaving the seller stranded and starting the selling process all over.
I chose to sell my house to cash buyers because the process was more secure than the standard, and I knew I wouldn’t be let down. When selling to cash buyers, homeowners are able to skip many of the typical selling steps in order to close much faster.
This atypical selling house for cash process begins with a homeowner deciding to sale. Instead of contacting a real estate agent though, they call their preferred cash buyer. The cash buyer assumes the role of the realtor and assesses the property - sometimes with walk throughs, sometimes using comparable homes - to determine a fair market value cash offer.
After, they present the cash offer to the homeowners, the sellers can choose to close at their earliest convenience. No waiting for a financial approval! Selling my house to cash buyers meant I was in control. I determined the closing date, kept the traditional realtor’s commission, and approved a cash offer I felt to be fair.
I didn’t need to research local real estate agents or wait for potential buyers to judge my property’s worth; the cash buyers saw my home’s potential even with the varied flaws that turn off other buyers. My cash buyer was a friendly professional and assisted me throughout the selling process without payment. They talked me through any questions I had and showered me with references from other sellers. Selling to cash buyers allowed me the security to start my new job without worrying about selling my starter home.
Selling My House to Cash Buyers
Though homeowners have many options when first deciding to sell their property, choosing a reputable cash home buyer should be a priority if needing to sell fast.
Real estate agents work with multiple homeowners simultaneously and often cannot afford the time and dedication needed to sell a property most proficiently; cash buyers, on the other hand, are less burdened by multiple sellers because they guarantee speedy home sales. When my family and friends ask me for referrals when they want to sell their homes, I advocate for cash buyers every time.
Undoubtedly, cash buyers are real estate experts that are trained to determine a home’s value. Cash buyers also offer a simplified selling process. Forget waiting months to move on from your home; selling to cash buyers means being able to find your next home with ease.
Want to Benefit from Selling Your House for Cash?
If you're stuck thinking "why am I not selling my house to cash buyers" then you don't have the time watching your house sit on the market. You don't have that time, and we understand that. At Enlight Homebuyers, we specialize in quick home sales for cash. That's the benefit of selling a house for cash and working with us!
No matter what condition your house is in, we're here to help you out. We'll get your house closed, and write you a check on the spot! Call us today to get a no obligations quote for your house, or just to get your questions answered. We're always happy and ready to talk! Contact us at 317-333-7011.