Honesty alert! I may not be your best option.

What are the benefits of selling your house for cash? As with everything you’ll read or hear from me, I’m going to be completely honest with you. Selling your house to me may not be your best option. That’s right, for many people who have a lot of time and a house in perfect condition, selling your house to me may not be your best option. You’ll probably get more money for your home by selling it with a real estate agent and waiting as long as it takes to sell it on the open market.

    Time is money.

However, if you do not meet the above requirements and want or need to sell your home quickly, there are many benefits to having me buy your home. Since your time is valuable, I’ll start with the most important benefit first. Cash Buyers Buy Your Home Fast! Don’t underestimate the value of this. We’ve all heard that time is money, and it couldn’t be more true than in real estate. Not even calculating the actual value of your personal time spent trying to sell a home, just owning a property is very expensive. Insurance, taxes, utilities, and maintenance can easily eat up millions and millions of dollars over the many months it takes to sell a home the conventional way. All that money could be in your pocket very soon after you call me.

    avoid frustration

I seriously considered avoiding frustration as the number one benefit, but a quick sale is too important. Since I could literally write dozens of articles on the ways selling a home can be frustrating, I’ll summarize the most common ones in a list. In no order of precedence, just a few of the ways that selling a home can be frustrating are: fixing up your home, organizing your home, keeping your home in showroom condition, having to leave your home on short notice for a viewing, rental contracts, 18 page Colorado real estate, picky, nosy buyers, nosy neighbors, paying for a house you don’t live in, worrying about when or if your house will sell, negotiating with buyers, buyers backing out of contracts after you’ve moved in, real estate agents’ commissions, and most of all, the uncertainty of it all.

    Cash is king.

Which would you rather have? A house worth $200,000 or $200,000 cash in the bank. Of course, you would prefer to have the cash, since you can do whatever you want with it. If you have a house, you first have to sell it to get the cash. The most you could expect to get after selling $200,000 through a real estate agent is around $182,000, and that’s if you didn’t have to do any repairs and sold it for full price. Do the math, 6% of real estate agents commissions and 3% of closing costs add up to $18,000! Chances are you have a few thousand in repairs and have to negotiate an average of 5% price reductions and pay buyers closing costs. This means that you will probably only receive about $170,000 in cash for your $200,000 house. Like I said, “cash is king” so getting a quick cash offer from me is most likely your best bet.

    It is too easy.