What do you think of when you think of value?
When it comes to real estate, value is often thought of as a financial figure or the monetary worth of property. And while this is true, the way you choose to sell your home can have much broader implications for value than finances alone.
Moving can be exhausting, with high stakes and stress at every corner. The process of selling your home and relocating should be an exciting transition, but instead, it is often wrought with frustration. Why not take the easier route?
Selling your house to a cash buyer can offer immense value to you and your family during the home-selling process in forms that are far more meaningful than money alone.
What Is a Cash Offer on a House?
A cash offer on your house negates the need for a financer, like a mortgage broker, to be involved in the transaction. Instead, the buyer pays the entire price of the property upfront in a lump sum payment. By bypassing banks and lenders, you’ll already save a huge amount of time and skip major headaches.
Cash offers are often thought to be made at discounted rates, meaning that the seller could potentially earn more if they sold their home in a traditional real estate setting. And while that can be true in some circumstances, there are huge financial and value incentives to consider a cash offer.
When selling your home for cash, you’re selling it as-is. That means you don’t need to upgrade appliances or do any deep cleaning. This gives you more freedom with your time and saves more money to invest in your new home after the move.
Kind House Buyers conducts a comprehensive market analysis when determining a fair cash offer. This report provides an idea of the potential value of your property after all renovations are complete. We’ll then base our cash payment on that value.
That means that you’ll get paid for the value of an HGTV-worthy home without doing any of the work yourself.
How Common Are Cash Offers?
Believe it or not, all cash sales make up about 36% of the current housing market. This number differs from state to state and can be influenced by a variety of factors.
Sometimes, all cash offers are made by individuals who have cash on hand. An individual buyer may have just sold their previous home so they have sale proceeds to spend. Perhaps the market is highly competitive, and the buyer wants to stand out and improve their odds of scoring your property.
More commonly, cash offers are made by investment companies. A company may see potential value in your property and make you an offer. Other times, your property may need major repairs, and it’s easier and financially wise to sell your home for cash and let someone else complete the renovations.
Benefits of Accepting a Cash Offer
Whatever your reason for considering a cash offer, this type of transaction offers major benefits to the seller, here are a few of the top ways a cash offer can be valuable.
When selling your home for cash, you can walk out the door and never think twice about the condition of your home. You are not expected to complete any repairs, renovations, upgrades, or deep cleaning. Since this work often amounts to thousands of dollars invested in the property, choosing a cash offer can save you hefty sums of money.
Additionally, you don’t need to worry about staging your home or taking professional photos for a listing. All of the effort you would put into your home before it ever even hits the market can be saved or put towards more meaningful pursuits.
Save Money and Time
Accepting a cash offer bypasses the need to work with banks for financing. You’ll save time by skipping over all the pre-listing nonsense that traditional real estate tactics demand. You’ll even be able to set your own closing date so that you can move on your timeline!
The financial savings extend far beyond the costs of repair and staging. Real estate agent commission is often at least 6% of the closing cost. Additionally, you have to shell out for your home to even be listed in the first place.
When you opt to accept a lump-sum payment, you save money in more ways than one.
Great for Difficult Situations
Life doesn’t always go the way we want it to. Whether your family is facing hard financial times and needs money on hand quickly or you’re going through a divorce and just want the ordeal to be over with, a cash offer for your home may be the solution.
As economic hardship leads to a surge of foreclosures across the country, many homeowners who have hit financial troubles are considering cash offers on their property. This is because selling for cash can help avoid foreclosure, which can have damaging long-term effects.
Should You Accept an All-cash Offer?
If you want to be in full control of your home-selling process, then an all-cash offer may be just what you need. You won’t need to get your property appraised or work with real estate agents. It is unlikely that the buyer will require an inspection, and there is very little chance the deal won’t go through. All-cash offers give the power of choice back to the seller.
Some sellers express concern that they’ll be ripped off without these extra layers of protection. But if you’re selling to a reputable partner, like Kind House Buyers, you’ve got nothing to worry about.
Cash offers can empower sellers to make autonomous choices about their lives.
If you’re ready to sell your home quickly and walk away with cash in hand, call Kind House Buyers. We’ll make you a competitive no-obligation offer, and you can experience the value of a cash offer for yourself!
Reach out today!