Pros and Cons of Choosing Cash Home Buyers over Traditional Sales

The Pros of Choosing a Cash Buyer over Traditional Sale

Here are the main benefits you will enjoy when you use cash buyer or cash home buying service Bethlehem when selling your property;

Fast Closure

If you choose to sell your house the traditional way, you must be ready to wait for much longer to close the deal. Many time-consuming processes are involved, meaning that closing won't be as fast as you would expect. Typically, the entire home-selling process can take more than one month.

On the other hand, when you sell your house for cash to a we buy houses Bethlehem company, expect to complete the deal in as little as 7 days. Why? The selling process is simplified, and the cash buyer will help you prepare the paperwork and close the deal as soon as possible. If you want to turn your house into quick cash, selling it to a cash home buyer is the best option.

No Repairs

Selling a house the traditional way is challenging, especially if your house is old or distressed. Most buyers on the market right now want to purchase move-in ready homes and that is why you'll be forced to fix the damages in your house before you put it up for sale. This means you will spend your savings and time to fix the damages so that potential buyers can like it.

However, cash home buyers have some good news. They'll buy your house in as-is condition. This means you don't have to fix the damages or upgrade your home. You only need to contact the cash buyer and they will buy my house now Bethlehem, regardless of its condition. Even if your house has major structural problems or has been severely damaged by fire or storm, rest assured that reputable cash home buyers will purchase it at a fair price.

No Marketing, Staging, and Showings

Most home listings include many photos, and some sellers provide virtual tours through a collection of images or videos. Also, an agent could conduct a live walkthrough of the house by phone while the other agent and potential buyers watch it and provide feedback. The broker could also limit in-person tours to people who have made serious offers.  (1)

Marketing, staging, and opening your house for showings can be too much work. You will spend a lot of money and time in the process, and there is no guarantee that your home will get a buyer quickly. You can invest money and time in marketing, staging, and showings and your house stays much longer in the market.

The good news is that when you sell your home for cash, you won't have to worry about marketing, staging, or opening your house for showings. You only need to find a cash house purchase Bethlehem company and work with them to complete the sale.

No Inspection and Appraisal

Traditional home sales come with several contingencies, including appraisal and mortgage contingencies. Appraisal and mortgage application processes can delay the home-selling process. In addition, a home inspection is required. However, if you decide to sell your house for cash, inspection and appraisal are not necessary. This means the transaction can be concluded much faster than traditional sales.

You Directly Deal with the Cash Home Buyer

When you sell your house the conventional way, you are likely to deal with agents or brokers. You must pay the agent or broker approximately 5-7% of the home sale price. And that means your net profit or proceeds from the sale will decrease.



But when you sell your Bethlehem house to one of the best cash home buyers, you won't have to pay agent fees or commissions. In addition, the cash home buyer might cover all the closing costs. That ensures you keep all the proceeds from the sale.

Certainty

When you take the traditional route when selling your house in Bethlehem, there is no certainty of closing the deal quickly, especially if the buyer needs financing to purchase it. If the mortgage loan is not approved, then the transaction will not be completed as you anticipated.

After the home inspection, the buyer can pull out of the deal if they find the home has major structural problems or other hidden issues. This means that you can walk the journey well with a potential buyer but they pull out in the last minutes, leaving you frustrated.

Instead of going that route full of uncertainties, you should sell your home to a cash buyer. They have ready cash and will buy your house regardless of its condition or situation.

Privacy

If you want to maintain privacy when selling your home, you should sell it to a cash home buyer Allentown. You'll deal directly with the buyer and close the deal in secrecy. No outsider will know about the deal except those involved in the transaction.

The Cons

Prices Can Be Relatively Lower Than Traditional Sales

Typically, cash offers are relatively lower than the traditional sale prices. This is because cash home buyers mainly buy ugly, old, and distressed homes so that they can fix and sell them at a profit. On the other hand, most houses sold the traditional way are move-in ready, which is why their prices are slightly higher than cash offers. But note that most reputable cash home buyers will offer fair cash offers.

Cash Home Buyers Are Not Equal

Cash home buyers offer a simplified home-selling process. However, you need to know that cash home buyers are not equal, and will offer different customer experiences. Choose a reputable and experienced cash buyer to get the best experience when selling your house in Bethlehem, PA.

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