Cash buying companies are becoming major players in the home selling industry. Their popularity is growing because they offer unique value to home sellers. By implementing a direct buying strategy, cash home buying companies offer home sellers an attractive alternative.
No Repairs Necessary
Most home sellers hate the process of fixing up their home in order to sell it. It’s time-consuming and can involve hours of physical labor. It can also run up expenses if you decide to pay someone to clean or if your house needs repairs.
In a cash sale, you don’t have to make any repairs. The cash home buying company buys your home directly from you, so it doesn’t matter if your home is cluttered or not as clean as it could be. In this way, selling your home for cash can save you money and time.
Another value of a cash sale is how fast it can be. The typical home sale takes, on average, three to four months, and even longer if the house is in disrepair. Waiting for an offer can cost you money and delay your future plans.
When you sell to a cash home buying company, the maximum wait will be 30 days. You’ll receive an offer almost immediately, and you can almost always close within a couple of weeks. This is an excellent value for sellers needing a quick sale.
If you sell the traditional way, you will be charged commissions. The exact amount varies from one location to the next, but it averages 5 to 6% of the total sales price. That can take a big bite out of the total profits you expect to receive for your house.
Since cash home buying companies don’t use salespeople or brokers, they don’t need to charge commissions. They also pay for all other closing costs, which can cost another 1 to 2% of your selling price.
Time and money are the main values that cash buying companies bring to the home sales industry. By cutting out the middleman and the red tape, and buying directly from the homeowner, they offer an alternative way of selling that can benefit people wishing to sell their homes quickly and without the usual hassle.
Thinking of selling your North Georgia home? Learn more about the cash buying process by clicking here!