Accepting a cash offer on a house is one of the easiest and quickest ways to sell your home in Lafayette, Louisiana. These are the benefits of selling a home for cash.
If you are trying to sell your home, you are probably well aware of all the struggles involved. Selling a home requires a lot of work, which is a lot more stressful than people think. You’ve got to worry about showings, stagings, repairs, and upgrades, all while having to deal with a slow process that is often full of unfair offers.
But, what if we told you that homeowners in the Lafayette, La area, and surrounding Acadiana areas, in these kinds of situations have a better option?
If you are a seller who does not want to deal with the hassle of going through a traditional home-selling process, you might want to consider taking a cash offer on your home.
Accepting a cash offer comes with a lot of advantages. From saving money and time to lowering your stress and anxiety.
So, if you’re interested in learning more about the benefits of selling a home for cash, you’ve come to the right place. Keep reading to discover the top 7 benefits of selling your home for cash.
1- Save Money
In a traditional sale, an inspection is usually conducted, which often brings attention to a list of necessary repairs. In this situation, the seller is responsible for covering the costs of these repairs whether it is paying to fix the problem out of pocket or lowering the asking price accordingly.
When you sell a house for cash, you are selling the property the way it is. Therefore, it’ll automatically save you money on upgrades and repairs. You also don’t have to clean or stage the house for it to sell.
Furthermore, selling a home for cash will help you avoid all kinds of closing costs. When you deal with a conventional home sale, you are responsible for paying thousands of dollars in fees. With cash offers, these fees are not applicable.
2- Close Faster With A Cash Offer
A cash offer sale usually takes a lot less time to close than a traditional sale. This is because, in traditional sales, the mortgage process can take a very long time.
Traditionally, the mortgage process takes from 30 to 60 days. In addition, a lot of things can happen within that period that affects the sale. For example, if the buyer’s financial situation changes between pre-approval and finalization, the deal can fall through.
A cash offer is not contingent on the mortgage process. Therefore, sellers can get their money a lot faster while simultaneously avoiding situations where the deal might fall through.
3- Avoid Showings and Marketing
In the traditional selling process, marketing the property and showing it can be a lengthy and expensive process. It usually takes a lot of time and effort to find serious prospective buyers.
Whether you are working with a realtor or not, this process requires hosting open houses, showings, stagings, and all sorts of marketing.
If you don’t have the time or money for all of this, accepting a cash offer is the way to go. When you sell your home for cash, you don’t have to worry about marketing or showing your home.
4- Reduce Chances of The Sale Falling Through
One of the most frustrating situations in the traditional selling process is to accept an offer just to have it fall through. Believe it or not, this is something that happens often.
When a buyer applies for a loan, they are being watched closely. This means that if they make any wrong move, they are at risk of not getting the loan, and the seller is at risk of not selling.
When you sell your home for cash, you significantly reduce the chances of not selling. Once you accept the cash offer, you don’t have to worry about the deal falling through since there are no financial middlemen that can affect the deal.
5- Avoid Stress and Anxiety
A traditional selling process requires a lot of time, money, and energy from the seller. From cleaning your home for showings to staging it for pictures to dealing with fallen deals, selling a house is stressful.
Selling your home for cash can help you avoid all of this stress and anxiety. Forget about repairs, commissions, appraisals, etc. When you decide to sell for cash, you remove all the extra stress that comes from selling your house in the traditional way.
6- Cash Offers Are Safe And Common
Sellers reap the benefits of selling their homes for cash all the time. Although the process does not follow the traditional steps, many sellers turn to selling in cash for a faster and easier transaction.
In fact, according to research conducted by ATTOM Data Solutions, cash sales accounted for about 21% of condo and single-family sales in the United States during the third quarter of 2020.
7- Walk Away With Cash
When you accept a cash offer, you will be dealing with a lot less paperwork and a lot less stress. And the best part is that at the end of the process, you will be able to walk away with cash.
It doesn’t get easier than that.
Instead of having to deal with appraisals, approvals, and inspections, all you have to do is accept the cash offer, sign over the title, and walk away with your money.
Are You Looking To Get A Cash Offer On Your Home?
If you’ve been trying to sell your home in Lafayette, LA, and surrounding areas, you’ve come to the right place.
We buy properties in any condition with an all-cash offer. If you need to sell quickly, we are here to help you take control of your situation. Contact us today to get a no-obligation offer.