When most people sell their homes, they tend to go down the traditional route of using a realtor. However, if you need to make a quick sale and move on as soon as possible, then you might be better off using an alternative method. Today, I’m going to take a look at some of the benefits of getting a quick cash sale, which could prove useful to you under certain circumstances.
The first benefit is the most obvious – speed. If you need to move home as soon as possible then finding a quick cash buyer is one of your best options. It could be all completed within just a few days, rather than the facing the risk of putting it on the regular market. There are no guarantees that your home will sell quickly, and there are plenty of things that could go wrong. You might have to rely on a chain, for example. Or you could get led down the garden path by someone who ends up pulling out at the last-minute. A cash buyer – either company or individual – offers a quick and guaranteed sale, and if you need it, it’s definitely worth looking into.
One of the biggest criticisms that quick cash sales face is that they don’t give you the market value of your home. However, when you add up the costs of waiting for months on end for your property to sell, there may not be much in it. There are realtor charges and legal fees you have yet to face, for example. It all depends on your circumstances at the time. If you are facing financial difficulties, then a quick cash sale could enable you to raise enough money for a deposit on a new and cheaper home loan. It will also give you the money you need to pay off your debts. If those debts are racking up interest, the quicker you pay them off, the less you will be charged.
Another major issue for people needing to move out quickly is that they might have lots of repairs to make. On the open market, this is going to cause a problem. Let’s face it, most people don’t want the hassle of doing up a home. They just want to move in, save as much as possible, and get on with their lives. So, already, you will find yourself working with a much smaller market. Plus, if there is any damage, any prospective buyer will expect money off the asking price. And, if you aren’t careful they could sting you with a last-minute threat to pull out unless you drop the price even more. Using a cash buyer, you may not have these issues. Take Florida Cash Home Buyers, for example. They, like many other home buying companies, will snap up your property in whatever state it is in. It’s a solid option for anyone wanting to get out without facing up to the hassle and expense of big repair jobs.
So, have you ever been through a quick cash sale? If so, how did you find it? Share your knowledge in the comments section below…