If you’ve ever wondered, “is it possible to sell my home for cash?” you’ll be glad to know that the answer is ‘yes.’ American homeowners move every five to seven years on average, and people continue to accept cash offers for their homes on a daily basis, allowing them to walk away with capital that gives them unlimited financial freedom. Here’s what you need to know about the benefits of selling your home for cash.
Immediate Equity
A traditional real estate transaction doesn’t always provide you with immediate equity for your home. But getting cash for your home in Omaha is a surefire way to guarantee your wish for immediate cash to use in any way you choose. This alone is perhaps the largest advantage when asking yourself, “should I sell my home for cash?” Of course, it’s still a good idea to talk to a professional financial advisor to confirm your best course of action.
Avoids a Mortgage
Most home sellers prefer quick and easy home sales, because why wouldn’t they? With this in mind, cash is often the easiest way because you don’t have to work with a buyer who will have to go through the process of getting approved for a mortgage.
“Home sellers generally prefer quick, smooth sales. They know that even buyers who have been preapproved for mortgages might be denied by the lender later on…Therefore, when possible, sellers prefer to steer clear of buyers who have to apply for a mortgage. If you are buying with all cash, you have greater negotiating power on price, closing time, repairs, and more. Sellers are often willing to reduce the house’s price for cash buyers,” says Realtor.com.
In a high-demand seller’s market, a well-priced home could sell within three to 10 days. In a buyer’s market, it could take a month or more to sell. While getting cash for your home may not be right for everybody, there’s a very good chance that it could, in fact, be the best possible financial decision you ever make in terms of real estate. For more information about getting cash for homes in Lincoln, contact us.
