If you have heard of cash buying, you probably have been told that selling your home to a cash buyer can save you money. But how is this possible? Even though cash buyers’ offers are typically slightly lower than current housing market prices, you save in other areas when selling to them.
No Payments to Real Estate Agents
When you are selling your home on the regular housing market, it can be very difficult to navigate the market without an expert real estate agent. For traditional selling methods, an experienced real estate agent is highly recommended in order to get a good value for your home. Because they spend so much time consulting with you and helping you sell your home, they take significant cuts out of the final offer price. On the other hand, when you sell to a cash buyer, there are usually no real estate agents involved. Instead, the transaction is typically settled entirely between yourself and the buyer. This means that there are no cuts to real estate agents when you receive money for your home.
No Expensive Staging
A large part of competing in the regular housing market is staging your home to stand out from the rest. It can be very expensive to stage a home since this involves everything from setting the table with fancy china to even moving out older furniture to make room for classy matching pieces. If you are staging a home, you may need to hire an interior designer as well, which means additional costs. You don’t stage a home when you sell it to a cash buyer, so you can avoid all of these unnecessary costs.
No Closing Costs
Traditional selling also includes additional costs to close. These costs can significantly cut into the profit you are making off of the sale. When selling to a cash buyer, however, you usually don’t have to worry about any closing costs. The price that you and the buyer agree on for the home is really what you get
Cash buyers usually offer prices that are slightly lower than housing market prices, but they aren’t trying to rip you off. Cash buyers make the selling process much more convenient and may even take the home off your hands as-is, so a slightly lower offer is still very worth it. You can avoid many unnecessary cuts and payments during your selling process by choosing to sell to a cash buyer.
If you are looking to save as much money as possible when selling your home, reach out to Taggart Property here today to start the process of selling your home for cash.
