Selling a house for cash is a great way to get a quick sale and avoid much of the stress and hassle involved in a traditionally financed transaction. However, if you’ve never worked with a cash home buyer before, you might have some questions about what to expect.
In this post, our team at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services will discuss some of the most common questions home sellers have when it comes to selling their homes for cash.
5 Common Questions About Selling a House For Cash
When you sell a house do you get all the money at once?
When you sell your house for cash, you will get all the money at once. However, it’s important to remember that you likely won’t get to keep the full proceeds.
Instead, you’ll have to use a portion of the money to cover costs like paying off your old mortgage, closing costs, commissions for your realtor and the buyer’s agent, taxes, legal fees, and any other fees involved in your sale. Whatever is left after paying these expenses is your profit.
Why is cash better when selling a house?
Selling a house for cash is better than traditional financing because the sale can be finalized much faster. This is because the buyer isn’t dependent on a lender for financing, so they don’t need to worry about meeting a lender’s requirements for loan approval.
In addition, cash home buyers usually don’t have any contingencies, have fewer terms or conditions for the sale, and are often willing to buy the home as-is. Cash offers also usually have lower costs associated with transferring ownership of the home.
How do you negotiate a cash offer on a house?
Before entering negotiations with a cash home buyer, work with your realtor to decide if you’re willing to lower your asking price, and if so, by how much. Then, be sure to stick within your price range, even if it means turning down offers.
If it’s a reasonable amount, then it’s worth waiting to find a buyer willing to pay it. If you’re still having trouble getting a buyer, your realtor can help you decide whether to throw in any concessions to sweeten the deal.
Is it good to sell your house to an investor?
Selling your house to a real estate investor willing to pay cash is a good idea if you’re looking to sell fast and are willing to accept a lower amount. Selling to an investor is beneficial for several reasons:
- There’s no need to evaluate offers from different buyers
- You don’t need to prepare the home for sale
- The closing timeline is flexible
- The transaction is simpler and there’s less paperwork
Do cash home buyers always offer less?
Cash offers are typically lower than the asking amount. This is because cash offers usually come with a faster closing timeline, fewer contingencies, and more certainty. If you’re willing to sacrifice some profit for a faster, hassle-free sale, then a lower sale price may be worth it. Consult with your realtor to see if a cash offer fits your needs.
Sell Your Ocala House Fast With Our Help
Selling a house for cash is only possible when you have an experienced realtor on your side. At Your Home Sold Guaranteed Realty - Coldwell Real Estate Services, Scott Coldwell and our team of real estate professionals have what it takes to ensure you get a great cash offer and sell your home fast.
We’ve been in the business for nearly 20 years. During that time, we’ve developed a reputation for delivering the best customer service, effective marketing strategies, and offering unique seller guarantees.
This includes our Guaranteed Sale Program which guarantees your home sells within your desired timeframe. If it doesn’t, we step in and purchase it directly from you – in cash.
Get Multiple Cash Offers! Your Home Sold Guaranteed Realty - Coldwell Real Estate Services has the resources and network to get the best cash offers for your home. In many cases, you’ll be able to pick your own closing and move out date, too. Call 352-209-0000 today to get the best cash offer and sell your house fast for cash!