What is the Fastest Way to Sell a House for Cash?
Selling a house can be a very time-consuming and stressful process to go through. There are just so many things that can go wrong when you are doing it the traditional way, that can prevent the sale from going through. That is why selling to a cash buyer has become a more attractive option for a lot of people. In the following post, we are going to discuss just some of the reasons why it may be the best way for you to sell your house if you are looking to do it quickly and without hassle.
No Delays and No Frustrating and Long Property Chains
When you choose to sell your home to a cash home buying company, just like Cash Home, you basically remove all the time-consuming delays that are associated with conventional house sales.
There are no property chains because you are selling directly to a buyer. You are not relying and waiting on the buyer securing funds from a mortgage or waiting for the sale of their current property. They have the money and funds available to make the purchase almost immediately. No property chain means fewer penitential points in the process when the sale could fail to go through.
No Lawyers and No Fees
Another reason for selling to a property cash buyer is the fact that you don’t necessarily need to use the services of either a solicitor or valuation company. When you sell to a cash home property buying agency, they normally handle all the paperwork and the legal side, which means you don’t need to worry about it, and what’s more, don’t need to worry about paying the fees.
No Viewings and Potential Timewasters
One of the most frustrating things about trying to sell your home traditionally is undoubtedly the time you are waiting for your property to generate interest. That can be soul-destroying. However, once you actually have interest, there is still a lot of frustration in the process as you have to deal with viewings of your property and the potential of buyers offering way below the market value or simply wasting your time. You don’t need to worry about any of this when selling directly for cash, which can immediately make it feel less stressful and quicker.
Downsides of Selling for Cash
Naturally, no one method of selling a home is all positive and completely free of downsides. When you get the benefits that come from selling a home quickly of no fees, quicker process, and no property chains, you also have the downsides to take into consideration too. Perhaps the most notable is the fact that when you sell by cash to a property buying company, you are not going to get the full market value for your home.
The government have put a higher stamp duty tax in place for cash property buyers. Therefore, any that suggest they will pay the full market price is not really cash buyers, because they wouldn’t be making any profit. Those that do not will offer around 70 to 80% of the market value. You need to weigh up if the potential loss on the sale price is too big a compromise for the huge benefits you get selling this way.
Choose Wisely When Selling to a Property Cash Buyer
Although the process will be quicker, you shouldn’t just rush into it, if you have decided to find a cash buyer for your property. There are a lot of sharks and unscrupulous individuals and organisations out there that are not operating legitimate businesses. Make sure you know for sure that a company is definitely just cash buyers and not listing agents or estate agents in disguise who are going to sell to a third party. Make sure they are fully regulated and are a member of the NAPB. If they ask you for any money in exchange for their services, avoid them at all costs.
Selling to a cash buyer is by far the fastest way to sell your home. When you consider the benefits, the downsides and take care to find a reputable, genuine company like Cash Home, you could find that it takes as little as 7 to 14 days to sell your property, with little to no stress and the reward of cash in your pocket that you can use immediately once the sale is complete.