When you are selling your home, there are a lot of factors involved in figuring out what will be the most profitable way to sell. Depending on your current situation, it’s difficult to know just what financing options mean in terms of time, hurdles you may need to jump through, and a guarantee of the sale actually going through to completion. For this reason, getting a cash offer for your house may just prove to be a better solution for you.
Exactly Why Is That?
Cash offers have a great many positives and very few negatives, no matter what your circumstances. Here are 5 reasons you should consider a cash offer for your house in Methuen as the best option.
You Gain Confidence
To put it simply, accepting a cash offer takes all the variables off the table and ensures a trouble free sale. Because the offer to purchase is in cash, there are no banks involved, no appraisals for them to approve (LTV) and no inspections to pass. Another plus is there’s no concern about what credit rating your buyer has and will it meet the bank’s standards? You should be cautious however—a solid cash buyer should be able to provide evidence of their ability to pay you the full amount of their offer without financing contingencies..
The Benefits of Selling “As-Is“?
Cash deals, most especially with a direct buyer like Summit Buys Houses, usually involve purchasing the property as-is, or just exactly as it sits. While it’s possible you will realize a little less for your home when you accept a cash offer, if your home isn’t brand new, avoiding the costs and headaches of renovations, updates and repairs is a top reason you should consider a cash offer for your house in Methuen.
When it’s time to move, in most cases, you can just carry out what you want to keep and leave the rest behind, without a final cleaning. If a cash buyer balks at accepting the house as-is, demanding appraisals and inspections as contingencies, they’ve basically eliminated the attractive qualities of cash offers. As a word of caution, it’s advisable to contact an independent appraiser in order to know just what you may be facing, should you decide to follow the traditional path of listing your home with a real estate agent.
Check These Facts About Real Estate Agents
It is never a bad idea to seek advice from professionals when undertaking such a large financial transaction like selling your house in Methuen. Just be aware there are standards you must meet as the homeowner in your contract with an agent. Among these standards are the nightmare of the ill-timed intrusions to show the property to prospective buys. And in the COVID-19 era this can be a massive headache!
These are just some of the hoops that must be jumped through, along with tons of paperwork, when you list with an agent. Last but not least among the possible troubles that are intrinsic to listing a home in the traditional method is the fact that despite all efforts to complete the deal, the buyer could be denied financing. Because of this, you should pull out a calculator, do some basic math and carefully consider the benefits of accepting a cash offer for your house in Methuen. When you add the expenses up and the time involved – the cash offer may just be worth avoiding all of these frustrations.
A Little Math May Mean More Profit!
Don’t worry—it’s not too hard! Your finances are a very important reason that you should consider a cash offer. This is especially true if the last thing you want to do is to pour even more money into your house. Traditionally, listing your home with a real estate agent means updating and improving the interior. Not only this, but you’ll also have to be concerned with curb appeal. Along with this, you may need to make repairs to your home in order to pass inspection. Not to mention, their high commissions and additional fees. Along with these hassles come appraisals, inspections, advertising, and staging your home. If you can’t stay in the home, not only will you bear the costs of maintaining the home while it’s listed, you will have the additional expenses of a second residence.
As The Saying Goes…
Time is money. Time can be a motivating factor, and speed is yet another reason you should consider a cash offer for your house in Methuen. You have come to the decision to sell, whether you need to move due to a sudden life change, relocation due to employment or just ready to move up or down in living space. Cash offers generally close very quickly and offer an advantage of eliminating the unknown waiting period that traditional listings always experience. When listing your home on the real estate market, after a waiting period of an unknown length, you’ll face the stress and tensions involved in the back and forth, extremely time-sensitive nature of offers and counteroffers in the negotiations over the purchase price.
If you are ready to save time, avoid repairs, skip the cleaning, forget about showings, paying high commissions and fees, Summit Buys Houses is here to help. These are just a few of the reasons you should consider accepting a cash offer for your house in Massachusetts from Summit Buys Houses. To learn more about how we can help you with your property, send us a message or give us a call at (978) 254-3800 today!
Summit Buys Houses Has The Highest Ratings and
Accreditation from The Better Business Bureau!
Check Us Out By Clicking Here.