Do you want to sell your house fast for cash? As a home seller in Detroit, the home selling process can be frustrating and overwhelming if you don’t know where to start. There are three selling options that a home seller can choose which include; selling through an agent, for sale by owner, or selling to a cash buyer.
If you want to save time and repair costs or, selling your house to a cash buyer can be one of the best decisions you can ever make. A lot of home sellers find a reputable “we buy houses” real estate company in Detroit Michigan with a proven record of real estate.
Selling your house for cash to a real estate investor comes with a number of benefits compared to selling on the traditional market. In this guide, we are going to discuss the benefits of selling your Detroit, Michigan house for cash.
1) Fast home closing process
When you sell your home to a real estate investor, they will give you a fair instant cash offer. Will close the sale in less than 30 days thus saving you time and anxiety. You will not have to worry about getting a reputable real estate agent to list your home or having to wait until a prospective home buyer gets pre-approved for a loan. Real estate investors have their own source of financing and they give instant cash offers. A fast home selling process puts the much-needed cash in your pocket so that you can start executing your next plan once the sale process is completed.
2) You sell your home “as-is”
When listing your home for sale, a picture is worth a thousand words. As a home seller, you must ensure that your house is in the right shape before listing it in the traditional market for you to get offers. The cost of doing repairs can be extremely high especially when you are selling a home in need of massive repairs.
However, when selling your home with a “we buy houses” real estate company in Detroit Michigan, you don’t have to worry about the cost of repairs or any home improvements. We buy the house in “as-is” condition and still guaranteed a fair cash offer. Selling your home to a cash buyer is less stressful and less costly as all necessary repairs and home improvements are undertaken by the real estate investor.
3) No commission fees
When you sell your home through the traditional market, you will probably hire a real estate agent to list and market your home. A real estate agent will charge you 3-6% of the home value as commission.
However, when you work with a real estate investor, you will get an instant cash offer that does not attract any commissions or fees. Therefore, you will put more cash in your pocket once the sale is completed which is not the case when you work with a real estate agent. Real estate agent commission fees can be a significant amount, especially when selling high-end homes.
4) It’s perfect for distressed home sellers
Are you are a home seller in Detroit, Michigan who is looking to solve an urgent problem? Selling your home to a cash buyer is the best option. Some of the common reasons that can make you a distressed home seller include:
a. When facing foreclosure
b. When dealing with liens
c. When relocating to a new neighborhood on a short notice.
d. When it requires huge investments to renovate
e. When dealing with the divorce settlement and you want to split proceeds
f. When undergoing financial challenges as a result of job loss or long-term illness
Whatever the difficult situation that a home seller may be going through, cash investors will buy your home in cash to help you solve your current problems.
5) No risk of a failed sale
When you sell your home to a cash buyer, you get an instant cash offer. Cash home buyers have their own money and they don’t have to apply for a mortgage compared to what a buyer in the traditional market would do. If the lender fails to approve the mortgage application of your prospective homebuyer due to a poor credit score or any other reasons, you will risk a failed sale which is not only time-wasting but frustrating. Cash buyers provide proof of funds to home sellers as a sign of commitment before they can sign the purchase agreement.
6) Homeowners can easily sell tenant-occupied homes
When selling your home in the traditional market, you will often be required to do repairs and stage your home so that interested buyers can visit. This can become difficult to execute if you have already signed an active tenancy agreement with your tenants. It will also be difficult to schedule home inspections and viewing as you will be infringing on your tenants’ privacy.
However, when you engage a real estate investor like us at Anderson Home Paths, we can agree to buy a tenant-occupied property without the need of evicting tenants. We buy houses with bad tenants or squatters in Detroit, Michigan. At Anderson Home Paths, we shall take the tough burden off your shoulders by giving you an opportunity to enjoy your home selling process. We will always buy your home fast for cash. Talk to us today for more personalized support and service.