Should I Sell My House for “All Cash”?
7 Reasons why you should Consider doing this…
Over 4 Million (https://www.statista.com/statistics/226144/us-existing-home-sales/ ) homes will be sold this year in the United States. Are you looking to Sell? What if you’re in a hurry to move or aren’t able to do work to improve your home before selling? Maybe you should sell your home for “All Cash” Listed below are seven reasons why you should consider doing this.
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Get to the Closing Table a lot Sooner
An “All Cash” buyer can close on your home immediately. A Realtor will put your home on MLS, then market your home to potential buyers. It could take 1 – 2 months to get in to contract. Then the buyers have 2 – 3 months to try to obtain financing. Selling a home through a realtor can up to 6 months, or even longer depending on market conditions.
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Sell in “As-Is” Condition
With an “All Cash” sale, you don’t have to make any repairs or improvements to your home. You don’t even need to clean anything. You leave what you want to leave, including furniture & the junk and take what you want to take.
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No Showings
You don’t need to keep your home neat & tidy all of the time. You also don’t have to exit your home at the drop of a hat, for a showing. Realtors won’t need to parade buyers through your home and best of all…No Open Houses.
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Save Money
This is unbelievable but true. In addition to saving money on repairs…the longer you stay in your home, the more you will spend. If it takes you 6 months to get to the closing table with the Realtor…that’s 6 months of mortgage payments, 6 months of real estate taxes, 6 months of homeowners insurance. Don’t forget the maintenance, upkeep and the heating & electric bills. Do the math!
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Stress Less
When you sell your house with a Realtor, there’s always a risk that something can go wrong with the buyers mortgage. They can lose their job or get turned down from their bank. If their loan application is denied…the contract states that you need to refund their down payment. If this does happen, you would need to start the process all over.
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Stop a Foreclosure or Negotiate with your Creditors
If you are behind on your mortgage…you can stop a bank from foreclosing on you.
If you owe money to creditors and or facing judgements…you can negotiate with these companies, if you have cash in hand to make them an offer. -
No Realtor Commissions
Realtors charge you a percentage of the sale. Commissions are negotiable but usually charge between 4% – 6% of the sale price. There is no commission paid if you sell to an “All Cash” buyer.
Thank you for taking your time and reading this guide. Let me introduce myself…my name is Evan Greene. I have over 30 years of real estate experience. I am a licensed Broker/Owner of a local Re/Max office in Suffolk County. I’ve been buying and flipping homes for about 4 years and have purchased over 200 homes on Long Island. Click HERE to see a list of these homes. I can offer my clients the best of both worlds…meaning I can help sell your home on MLS or I can buy it for cash. If I buy it for cash…there is no commission. Please fill out the Questionnaire and I will call you at my earliest convenience or call me directly (631) 848-8000.