Around one-third of properties were sold to cash buyers in 2022, which shows its growing popularity.
Selling to a cash buyer comes with an array of benefits, from closing quickly to enjoying a stress-free process. But if you've never considered cash buyers, it can feel like you're taking a plunge. Perhaps that's why you're here; you want to learn more about cash buyers so that you can make an informed decision.
Luckily, we've got the answers you're looking for. Here's how real estate cash buyers can help you.
Faster Closing Process
Sellers who accept a cash offer can enjoy a faster closing process. Generally, properties take at least three months to sell, which may not be feasible for the homeowner. For instance, you may already have a moving date or are trying to sell an inherited property.
Further, cash buyers guarantee a chain-free sale. This means you don't need to wait for the seller to sell their property, which could take months. Instead, the cash buyer will sign the contract and you'll get the price you want.
Aside from the faster process, you will likely save money. If the housing market is sluggish, you'll end up paying more in utilities, taxes, and maintenance while waiting for an offer to come through.
No Marketing Needed
Normally, when selling houses, you need to hire a realtor to market your property. As you can imagine, this is costly and you must give them a chunk of your profit once the final price is agreed. But choosing a cash buyer means you don't need to waste time or money marketing your property, making it the cheaper option.
Hassle-Free
Anyone who sells homes will tell you how stressful the experience can be. Aside from finding a reliable realtor, you must shoot photos and wait for viewings or offers to trickle in. There may also be delays, such as potential buyers needing to find a lender for their mortgage.
On the flip side, with cash buyers, there's no red tape, which will save a huge amount of stress for both parties. For instance, you won't be charged any transfer costs because it's a simpler process.
No Inspections or Repairs
Another reason cash buyers slash closing times is that inspections and repairs aren't necessary.
Normally, a seller will need an appraisal before sealing the deal, which costs time and money. But with cash buyers, the sale goes through instantly, so you needn't worry about fixing a potential issue or spending a fortune on repairs. This is useful if you have an older property or want to sell it as is.
Benefits of Real Estate Cash Buyers
Hopefully, you're now sold to researching real estate cash buyers for your property.
There are many perks to selling to a cash buyer, such as a faster closing process and hassle-free experience. Sellers also needn't worry about marketing and spending hundreds on repairs. What's not to love?
Ready to sell your home for cash? Then, contact AZ Home Buyer today to learn more about the process.
