When Should I Consider a Cash Home Sale?

There is never a bad time to sell your house as-is for cash. However, you should consider a cash home sale in situations where you need to sell your house fast and get out of your mortgage. A cash sale is a better alternative to a traditional home sale in urgent circumstances because you eliminate the steps associated with a traditional sale.

For instance, if you are going through a financial crisis, a significant life change, or a legal issue, a company that buys houses can guarantee a quick sale. In many cases, a professional home buyer can close on a deal and put cash in your hands in as little as seven to 21 days.


Not all bankruptcies demand that you give up your house. You may be able to refinance your house and get lower payments each month. However, if you don’t want your house, a cash home sale can give you the money you need to pay your debts and possibly avoid foreclosure altogether.


If you have late mortgage payments and can’t catch up, the bank may foreclose on your house and sell it at auction. You may have some options, such as a short sale, forbearance, or refinancing. However, if you no longer want the house, a cash sale can help you get out of your mortgage faster and possibly avoid foreclosure.

Bad Tenants

Few things are as stressful as dealing with tenants you can’t evict. You can walk away from your rental house with a cash sale if you’ve gone through your share of bad tenants. You can sell your rental house legally if the buyer is willing to assume responsibility. Plus, you don’t have to make repairs or upgrades to the rental property.

New Job

Your current house can make job relocation more stressful than it already is. You may be trying to live and work in one town while selling your house far away in another location. A cash home buyer can take your house off your hands faster, giving you and your family the freedom to move on with your new job and life.


When a loved one dies, your family is responsible for managing their estate, including any leftover debt or taxes. Fortunately, you can sell your inherited house fast for cash and use the proceeds to pay off the remaining debt and distribute the remainder to all beneficiaries in the will. A cash sale allows you to close your probate case quickly.


If you want or need to downsize your house, doing so may be harder than you think if you can’t sell the property. If you sell your house as-is for cash, you can use the proceeds to buy a smaller house. You don’t have to spend money on your current house or wait around to find a buyer. It’s the best way to downsize without worrying about repairs, closing costs, or realtor commissions.


Divorce is already painful and stressful. The last thing you want to worry about is your house. A cash sale makes it easier for you and your ex-spouse to unload the property so you can get through divorce proceedings faster. It is especially helpful if you are going through bankruptcy or foreclosure.

Sell Your House for Cash to Ernest Buys Homes

Before you decide how to sell your house, explore the benefits of a cash home sale over a For Sale by Owner. Call Ernest Buys Homes at 865-292-2499 to get a fast cash offer.

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