Sell a House For Cash
Sometimes in life you reach a point where things are really not going your way financially. If you are a homeowner this can be a dangerous position to find yourself in. Who wants to wake up everyday thinking whether they will be able to make their next months mortgage payment. When you get to this point it can be a real drain on your well being.
For this reason, a percentage of sellers will seek out how they can sell their home for cash. Selling your house for cash is not that challenging at all. You will have real estate investors lining up at your door when you are looking for a quick sale. Unfortunately, there is a significant downside when you seek out a real estate investor to purchase your home.
Frankly, you'll be selling your home for pennies on the dollar. In fact, it is not uncommon at all to get anyway from thirty to forty percent less than what your property is actually worth! Sellers in this position should be really desperate. Otherwise there are far better alternatives that letting your home go this cheap.
Realistically you could put your home on the market with a real estate agent under market value and you will probably get a lot more than a 30-40 percent discount. The downside is that you may have to go through all of the normal hassles a typical seller does including getting your place spruced up, having photography done, hiring a local real estate agent, showing your home, and go through a home inspection before you finally reach a conclusion on your sale.
Well - not exactly. You will have to wait for the buyer to procure their mortgage financing which at times can be nerve wracking.
So without a doubt there are pros and cons to selling your home for cash to a real estate investor. On the upside you will avoid all of the normal step you go through to sell a home. With a cash sale the transaction will just about be a done deal unless a title issue pops up.
By selling your home the traditional way you will put a lot more money in your pocket. Only you can decide which avenue makes the most sense. Take a look at the reference from Maximum Real Estate Exposure that provides quite a bit more detail in each of the stages of selling a home. You will see both the advantages and disadvantages of selling to a real estate investor.
It will be well worth your time.
Upsides and Downsides of a Cash Home SalePros and cons of selling a house for cash