- Charlene Phung
Does Selling to a Cash Buyer Save You Money?
What many people don’t realize is that selling your home also brings about several expenses. It makes sense to find an option that will save you the most money. Selling to a cash buyer is one option that can help you avoid unnecessary expenses.
No Home Renovations
Before selling, you first need to get your home ready to attract buyers. This usually includes making updates and renovations that will increase the value of your home. While this will help you end up with a higher sale price than before making changes, you still need to invest quite a bit of money into home improvements. Not everyone is prepared for this expense. Fortunately, cash buyers can save you from needing to make any improvements at all. In fact, most cash buyers will purchase your house as is. You can sell your home in whatever condition it’s already in.
Lower Closing Costs
Another major expense when selling your home are the closing costs. With a traditional sale, you are responsible for several fees and taxes. This includes the property tax and the deed transfer tax. The seller is also typically responsible for covering the title insurance. Some sellers will also pay part of the closing costs in order to appeal to their buyers. Because cash home sales work differently, there are actually fewer costs that need to be paid. This means you can expect fewer expenses when the closing costs are done.
No Showings or Realtors
With cash home sales, especially those involving professional home buyers, there are no realtors or showings involved. The buyer will take your home as is and you don’t need to worry about attracting buyers. This means you won’t need to pay a commission to a realtor or worry about the inconvenience of having showings in your home. You negotiate the sale largely on your own, so you don’t need to pay anyone else.
When you sell your home, you don’t want to have to pour more money into it. You’ve already lived in it and invested enough into it. A sale is intended to give you the money to move on. With a cash buyer, you can ensure a quick sale that will cost you less money than a traditional home sale.
If you are looking to sell, consider contacting Atlas Residential in order to experience a seamless cash sale.