There comes a point where you decide it’s time to sell your house. How you choose to sell the property is up to you. Do you go with a real estate agent and a traditional sale on the open market? Do you list it yourself and handle the contracts in a “for sale by owner” manner? Or, do you sell to a local real estate investor who will pay you cash?
Certainly, there are pros and cons to each approach. A traditional agent sale will cost you the most with repairs, agent/broker commissions and closing costs. However, their experience and marketing abilities may net you the best selling price in the end. Selling the house yourself will save you on those agent commissions, but you have to do all the marketing and negotiating yourself. Plus, you really have to make sure all the contracts are prepared properly for a legally binding transfer of the deed. Both of these options will take time to find a buyer and complete the escrow process, during which a buyer’s loan could still fall through.
Then, there is a cash sale to a local investor like Offer4Cash. This is definitely the simplest process because you can sell your home in as-is condition and close the escrow as quickly as possible. We can close the transaction in as little as a week with cash in your hand, or you can set your own desired closing date. The trade-off is you typically won’t get max resale value for your property. In some cases, however, it’s a wash when you consider all the other expenses (and time) involved with a traditional open market sale.
Often what it truly comes down to is whether your home sale is a matter of want or need. Let’s explain the differences.
Want to Sell
Perhaps you are looking to move up into a bigger home for your family or downsize into a retirement property. Maybe it’s time to upgrade from your condo to a single-family home. Whatever the reason, you “want” to sell your home and move on. You don’t necessarily need to sell it. Your financial situation is currently sound and you have time to list the property on the open market. In other words, you can afford to take whatever time and expenses necessary to market the home, get multiple buyer offers and get the best possible price.
Need to Sell
Having a need to sell is a whole different situation. It doesn’t matter whether you want to sell or not. You are in a circumstance where selling your home is a necessity. This may include a divorce, a job relocation, tax default, threat of foreclosure, probate, financial hardship, unwanted investment property or an inherited property you don’t want to deal with. You simply want to get out from under the house and time is usually a big factor.
These are situations when you may want to consider a cash sale to sell quickly and move onto the next chapter of life with minimal disruption. If you need to sell and you need to do it quickly, this is likely your best option.
To learn more about Offer4Cash or to get your no-obligation cash offer for your house, call today at (209) 661-7385 or fill out the offer request form on any page of this site.