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The Unseen Benefits of Selling Your Home to a Cash Buyer
One of the newer methods of selling your home is to sell directly to a cash buyer. This may not seem like a great option because cash buyers typically offer a price slightly lower than your home’s value on the current housing market. However, there are many unseen benefits of selling your home to a cash buyer that make this method better than traditional ways of selling a home.
Less Time on the Market
The housing market constantly fluctuates. These changes are dependent on the current national economy, supply and demand, and which towns or cities people are moving to or away from. According to the National Association of Realtors (NAR), the average time a home stays on the market can vary significantly depending on these factors. Sometimes you aren’t able to plan out exactly when you will sell your home in an ideal housing market. Most moves are made suddenly and because of factors outside of one’s control. In a struggling housing market, your home, no matter how valuable and attractive it is, can stay on the market for long months or even years. The longer your home is on the market, the more it depreciates and the longer you have to wait for any profit off the sale. When selling to a cash buyer, the whole transaction can be started and completed within a few weeks.
No Mysterious Cuts
When selling your home traditionally, you work with a real estate agent. This agent helps show your home and negotiate with potential buyers. According to Zillow, real estate agents typically take a commission of about 5-6% of the home's sale price.. It is not always clear what the breakdown of these cuts is. However, when you sell to a cash buyer, it is just you and the buyer or company involved in the deal. Because there are no third parties involved, you don’t have to pay anyone and there are no cuts taken out of the profit. The amount a cash buyer offers you for your home is the exact amount you will receive for it.
Less Stress
The traditional way of selling a home relies heavily on other parties like noncommittal potential buyers and pricey real estate agents, which means that the process is not up to you. Because you don’t have a lot of control when selling your home using traditional methods, you may be very stressed. Selling to a cash buyer ensures that the process is entirely in your hands, greatly reducing how stressful the process is. According to Forbes, cash sales can alleviate much of the stress associated with traditional home sales by simplifying the transaction.
When selling your home, it is important to consider all aspects of the selling process. Oftentimes, benefits of one process are difficult to recognize unless you consider what the disadvantages of the other process are. Choosing to sell to a cash buyer greatly simplifies the process of home-selling, saving you a lot of stress.
To learn more about how easy and advantageous it is to sell your home to a cash buyer, contact Midwest Homebuyers here today.
