ANSWERED: What are the advantages of a cash home buyer over a realtor?
What’s a cash home buyer? Why would you want to use a cash home buyer when selling your home? What are the differences between going with a cash home buyer and hiring a realtor?
This article aims to answer all of these questions, plus more!
Make sure to get in touch with Genico solutions for more specific information about selling your home. No commitment. No hassles.
What is a cash home buyer?
A cash home buyer is an individual or a business that will buy your home for cash. Yes, that’s right – they will pay you CASH for your home.
Now, this arrangement isn’t perfect for anyone – but for many, going with a cash home buyer will save a lot of headaches, as it is ultra-convenient.
A cash home buyer might be an individual with a lot of money to spend, someone who wants to buy homes to fix-up then resell, or someone who sees a property they absolutely love and don’t want to wait to own it!
However, many cash home buyers are from reputable, established companies. This can make the process of selling your home for cash a bit more legitimate, as there is an added level of security when you work with qualified professionals.
In the next section, we will overview a few scenarios where choosing a cash home buyer is the right arrangement for the seller.
Why choose a cash home buyer?
Scenario 1: Lifestyle Change
You’re getting a divorce, your boss transferred you to a different part of the country (or another country altogether), or something else is forcing you to pack up and relocate in a hurry. Getting rid of the home you currently have is important and urgent.
In a situation like this, going with a cash home buyer might be your best bet.
Scenario 2: Financial Pinch
You are in a bankruptcy situation or are nearing bankruptcy, or the repairs required to fix your house outweigh the value of the home or the amount that you can afford. Or, for some other reason, money is tight, and you need to get rid of your current home.
In a situation like this, selling to a cash home buyer could help alleviate your financial stress.
Scenario 3: Convenience, Please
You just can’t seem to get your house sold with a traditional real estate agent. You’ve inherited a home that you don’t want or own a home that is sitting empty. For whatever reason, you just want to get rid of your home.
In a situation like this, the convenience that comes along with a cash home buyer may be exactly what you’re looking for.
Now, this is not an exhaustive list of scenarios that point to why a cash home buyer is a good idea. These are just a few example scenarios to show you how choosing a cash home buyer is often a smart choice for many individuals and their families.
The next sections will look at the different advantages and disadvantages of selling to a cash home buyer.
Advantages of a cash home buyer over a realtor
Firstly, a cash home buyer will purchase your home quickly. You won’t have to wait the 30, 45, 60 or standard when dealing with a real estate agent. A cash home buyer will make an evaluation, make a decision, then buy your home. That’s it!
Secondly, with a cash home buyer, you won’t need to make repairs to your home or property before selling. Many times, the cash home buyers plan to fix-up the property before reselling it – so you don’t have to!
Thirdly, selling to a cash home buyer means you can avoid having dozens of people come to visit your home over a period of weeks or months while you search for the ideal buyer. This often requires having your home kept immaculately clean for an extended period, not to mention having strangers coming in and out of your home on a regular basis.
Lastly, you won’t have a list of closing fees and commissions to pay when you sell with a cash home buyer. You’ll collect your money from the buyer once the sale is finalized – no hassles or hidden costs!
Disadvantages of a cash home buyer over a realtor
The most significant and most obvious disadvantage of choosing a cash home buyer over a realtor is that you ultimately get less money for your home.
Often, cash home buyers look to pay slightly less than a real estate agent would so that they can fix-up the property and resell it shortly after for a profit.
But, is this really a disadvantage of choosing a cash home buyer? We don’t necessarily think so.
By going with a cash home buyer, you’re in a sense paying for the convenience of selling your home quickly, as well as to avoid the headaches associated with the visitations, repairs, and paperwork that come along with working with a real estate agent.
Exploring your options…
There is a lot to consider when it comes time to sell your home. Depending on your situation, you may not have any time on your hands – and that changes everything.
If you can hold off on selling your home, you could end up collecting more money for it in the long-run. But if time is not on your side, and you need the money as soon as possible (or you need to quickly get rid of your home for whatever reason), then going with a cash home buyer might be the best option for you.
In the end, choosing a cash home buyer means you’re accepting a bit less money for your home in exchange for speed, simplicity, and convenience.
Find what works best for you and your situation – everyone is different, and there is no “one-size-fits-all” advice when it comes to real estate decisions.
Need some guidance on whether you should go with a cash home buyer to sell your property? That’s why we’re here. Reach out to Genico Solutions and find out how to conveniently sell your home. No commitment. No hassles.