There are many reasons why a person ends up needing to sell their house quickly. Actually, it is so common for a homeowner to need to move their home quickly that it is becoming a trend. Today’s financial crisis and the downturn of the real estate market force many homeowners to need to move their house through the process at a very fast rate. Many homeowners need to get rid of their home for a variety of reasons. Most people are unaware that they have the option of selling their home to a private investor without having to go through all the hassles that a real estate agent can cause.
There can be many benefits for those who need to sell house for cash. Here are just a few of the benefits that homeowners can experience from selling their house for cash to a real estate investor.Find expert advice about Sell My House Fast Dallas read here.
-Speeds up the Process
Selling your house for cash to an investor can take just a few days. When selling a home the traditional way, it can take several weeks or months to complete the process. When you sell your house for cash in there is no waiting for an approval by a bank or other lending institution; this can save tons of time. Loan officers are not known to be in a hurry and usually work behind a huge stack of loan applications. Selling a home for cash also alleviates any worries the seller might have about whether or not the buyer will qualify for the loan. Buyers used to be able to purchase a house with “no money down” deals; but due to the distressed economy, borrowers now have to have a very high credit score and provide at least 20% down to even apply for a loan. Having a cash buyer alleviates all of this hassle for the seller so it’s much faster from start to finish.
-Avoiding Extra Costs
Many times, homeowners are only thinking of selling their home as quickly as possible and they forget that the traditional method means incurring a lot more costs. If an agent is hired there will be a commission that will have to be paid at the closing. By selling a home for cash to a real estate investor, a homeowner can literally save thousands of dollars. A homeowner who sells their home for cash to an investor also saves the costs that are associated with the property. For instance, they do not have to make a mortgage payment while waiting on the property to sell, they can avoid paying the insane amount of property taxes, vacant home insurance, the cost of keeping the utilities on and cost of general upkeep. It can be done and over with and the homeowner can move on to the next big thing in their life.
-Eliminates Costly Repairs
If a homeowner goes through an agent or tries to sell the home on their own, they may have to make a lot of repairs in order to make it more appealing to potential buyers. Having to make expensive repairs can cost the homeowner a lot more than money as well. First of all, they will need to increase the price for the house in order to recoup those expenditures; and they will make the house less likely to sell quickly because of the increased price. When a homeowner sells a home to an investor there is no need to make repairs, they will purchase it for cash on an “as is” basis.
-A Lot Less Paperwork
Another great benefit that comes with selling a home to an investor is that there is a lot less paperwork involved. Actually, the homeowner will not have to worry about a mound of paperwork. The title company will be taking care of all of that which translates to a much simpler, easier process and less stress for the homeowner.