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There are essentially three different options you get to choose from when you decide to sell your house. First, you can sell your house on the market with the help of a local real estate agent. Second, you can sell your house on the market yourself, also known as For Sale By Owner (FSBO). Third, you can sell your house for cash. That option is typically less well-known than the first two. So what does it mean to sell your house for cash?
Most buyers don’t have the money to buy a house in cash. Buyers who rely on lenders to finance their purchases are called traditional buyers for a reason–that’s how it’s been done for decades. If you’re selling to a buyer who is paying for your house using cash they already have, they may be moving from a place with much higher home values. However, it’s more likely that they are an investor.
Already having the cash to pay for a house makes cash buyers unique. It means that they don’t have to rely on a lender to buy your house. That offers a couple of advantages to you as the seller. First, it takes less time for the buyer to complete the closing process. Second, it could reduce your closing costs. Lenders charge fees for the different things they are involved in during the closing process. No lender means none of those fees are assessed to either you or the buyer.
The speed at which a cash buyer can close is another thing that makes them stand out. No lender means fewer steps in the closing process. Some cash buyers, like Joe Homebuyer of Dallas, don’t mind skipping appraisals or inspections. All of that adds up to time saved during the closing process. Less time spent closing means you get paid for your home faster. Whether you’re relocating to start your dream job, are trying to avoid foreclosure, or need to move fast for any other reason, getting paid and out of your home faster can be a welcome relief.
It’s always good to know what your options are for selling your home. The more you know about the options available to you, the better positioned you are to make an informed decision about what choice is best for you. Selling your house for cash isn’t for everyone, but if it’s right for you, there’s no better way to do it.
Do you need to sell your Carrollton house fast? Joe Homebuyer of Dallas is ready to make you an offer! Click here to get started today!