In 2022, the real estate market has become a seller’s market. The scales have tipped to the point where there is a shortage of real estate properties in some markets. However, that doesn’t mean that listing your house on the market will result in an automatic sale. The competition is stronger than ever, making it difficult to sell your house if it doesn’t fit into modern buying trends.
For instance, today’s buyers are looking for houses that are fully move-in ready. Even buyers willing to do a few home renovations are looking for lighter projects, not a major home makeover. So, if your house needs some work, you may not be able to sell it unless you spend the time and money necessary to fix it up.
However, there may be a better option than a traditional home sale if your house is unique.
Five Reasons to Sell Your House for Cash
There are several reasons why you should sell your house for cash.
1. You Get a Fast Cash Offer
One of the most frustrating aspects of a traditional home sale is waiting to get an offer from potential buyers. Many of these buyers are not pre-qualified. So, they have to wait on the bank to get a home loan approval, which means you have to wait on the buyer.
When you work with a company that buys houses, you get a guaranteed fast cash offer if the buyer is interested in purchasing the property. Most professional home buyers present an offer within 24 to 48 hours of viewing the property.
2. Sell Your House Fast
Once you get an offer, everything starts moving quickly, and, before you know it, you’ve sold your house. A professional home buyer can close a deal in as little as seven days. The longest you will have to wait to close the house sale will be two to three weeks.
It’s a far cry from a traditional home sale close, which can take 30 to 45 days to complete. If you are in a situation where you need to sell your house fast – bankruptcy, foreclosure, new job, probate, divorce, etc. – selling your house for cash can be convenient.
3. No Home Repairs or Staging
Today’s buyers want a house that is already renovated and attractive. That puts pressure on you to repair your house, make some modern upgrades, and stage the house to make it presentable. All of that effort takes time and money and may not pay off.
Plus, buyers are not interested in how much time and effort you’ve put into making the house sellable. All they care about is getting the lowest price for the house. When you do a cash sale, there are no repairs, no upgrades, and no staging. The buyer agrees to buy the house regardless of its condition.
4. Greater Selling Flexibility
Private home buyers and investors can buy your house as-is in challenging scenarios that may otherwise prevent you from selling your house on the market. For instance:
- Bankruptcy or foreclosure
- Paying leftover debts in probate
- Title issues
- New job or military relocation
- Damaged or outdated house
You can sell your house for cash under these circumstances because the buyer often assumes responsibility for the problem. For example, if you want to sell your rental house but can’t evict the tenants, the buyer will assume responsibility for any legal issues related to the tenants.
5. Work with a Pre-Qualified, Dependable Buyer
A buyer who offers your house may not close the deal because they were turned down for a loan. As a result, you have to look for another buyer and start the process all over again. It can be frustrating if you try to get out of your house or a mortgage.
A professional buyer will not make a cash offer on your house unless they already know that they can pay cash for it. They either have the capital ready to buy the house right now, or they work with a lender to get loan approval before they move forward. If they make a cash offer, you know that they have already appraised the house, have the cash, and they’re ready to commit.
Sell Your House for Cash Right Now to Ernest Buys Homes
If you are ready to sell your house, why wait? Sell your house for cash right now to Ernest Buys Homes. Let us make a cash offer and close in as little as seven to 21 days. Call 865-292-2499 to get a fast cash offer.