Why Do Home Sellers Prefer Cash Offers?

sell your house to a cash home buyer

Why More Homeowners Are Opting For Cash Sales

If you have a house that you need to sell, there is an excellent possibility you desire to sell it as quickly as possible with the least amount of problems. Even more so, you want to retain as much equity as possible from sale of the home. 

The traditional method of selling with a real estate agent isn’t as easy as one would think. Many homeowners across the country who feel as you do, have turned to a better way of selling their home by selling directly to cash home buyers.

These days, property owners in the United States that are looking to sell their property are discarding the services of realtors for cash investors, if they can find one. It is becoming more typical for home owners to work with real estate investors because of the multiple advantages that come with it.

Much of the hassle that comes with selling a home is eliminated when a home seller chooses to work with an investor. Although many homeowners would jump at the chance to get a cash offer on their house, actual cash purchases have declined sharply since 2014.

Decline Of Cash Offers On Homes

But the share of all-cash home buyers has trended down since late 2014, according to a 2015 report by RealtyTrac – a California-based firm that tracks real estate trends, 44.4% of U.S home buyers in January of 2014 paid in cash.  

Now compare those numbers to a recent article published by USA Today on July 29, 2019 which stated, “According to the National Association of Realtors, in June, just 16% of home buyers paid in cash, down from 23% in February. The rest bought the old-fashioned way – by taking out a mortgage. Applications for home loans jumped 9.5% last month from a year earlier, according to the Mortgage Bankers Association”.

Clearly, there are good reasons why so many homeowners want cash offers, the trouble is…where are they?

We Buy Houses Companies Aren't For Every Seller

3 cheapest ways to sell a house

Ok, now you’ve actually found a real professional and experienced cash home buyer (so many of them are actually wholesalers) is selling your home to them the right choice for your situation?

When a seller chooses to work with a “We Buy Houses” company, it’s most often for one of two reasons: because they are in a financial position where they want to get cash fast or because they don’t want to take on the stress and burden of selling a house. That being said, We Buy Houses companies are not for every seller. It’s important to first evaluate what your needs are when it comes to selling a home before making the decision to sell on the market or sell to a company that buys houses

Another consideration which is extremely important is how much is your home really worth? A lot of people think they will get more when they sell their home with a realtor. Unfortunately, this isn’t always correct. Just because you sell for more, doesn’t mean you will net more.  In most cases, you will pay hefty commissions, closing costs, repairs, fees and more that will cut into your net profit.  

Losing part of your profit isn’t the only reason why homeowners are running away from realtors. When you make use of realtors, get ready to wait a long time before you can sell your house sells on the market. The use of a real estate agent is typically not the right option when you want or need to sell your home quickly. Depending on the neighborhood, condition of the property, and other factors that you have no control over, it could take several weeks to months to sell.

No wonder homeowners who can’t afford to wait are using cash investors to see that they sell their homes as quickly as possible. In most cases, your home will lose value while you wait to see an ideal buyer. With cash investors, you can eliminate the long waiting time that comes with using realtors and sell your home as quickly as possible in the prevailing market value.

If you choose to use a realtor, you are still responsible for the taxes, mortgage, insurance, HOA dues, utilities, and maintenance while you sit hoping for the home to sell.

When you put your home in the hands of realtors, you lose control of the entire process. You could land a bad realtor who doesn’t make you a priority or doesn’t negotiate effectively. Maybe, it’s not the best time to list the house in your area. This all can be avoided when you sell directly to a cash buyer. This way, you are in the complete control of the entire process. You can negotiate and price your home the way you want without anyone dictating for you. When you finally make a sale, you will get to keep the entire profit.

So Exactly How Do We Buy Houses Companies Work?

We Buy Houses for Cash Companies

Unless you have a lot of time to spare, you should be ready for endless showings, cleanings, waiting, and hoping when you are using a realtor. …. And don’t forget the costly repairs that you need to do to put your home in a good condition. This is certainly what you want to avoid if you need cash fast from selling your home.

Most people that want to sell their home are doing it because they need more money. Spending money on costly repairs lowers the amount you take home at closing.  Unless you are completely fine with these points mentioned above, selling to cash investors should be your ideal option when considering selling your home.

There are other reasons why you should consider using cash investors:

  • You need to sell property fast.
  • Your house needs a lot of repairs or updates to be marketable.
  • You want to avoid all the hassle, waiting, and uncertainty that comes with the traditional selling process.

Selling a property in today's market can be confusing. We provide AWARENESS to those who may be thinking of selling a house as is to an investor, or company who buys houses cash.

Sell Your Home Fast With a Trusted Cash Buyer

Are we buy houses companies legitimate

Whether you are moving away, facing divorce, or you simply want to avoid costly repairs and mortgages, you can sell your home fast when you make use of Cash Offer On House.

Cash Offer On House buys rental houses, vacant, ugly houses and even houses that are not in habitable condition. This website makes it extremely simple to sell your house fast without the hassles.

You can avoid wasting time with open houses, strangers looking around your home, making repairs and all the other inconveniences that come with listing a property.

Moreover, Cash Offer On House pays all closing costs, commissions, and fees. You can avoid losing part of your earnings to realtors when you work with CashOfferOnHouse.com. 

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Don Phelps

Don Phelps

Don Phelps is Director of Marketing at CashOfferOnHouse.com, the real estate investment company that specializes in buying houses for cash in “as-is” condition. His focus is educating homeowners on navigating the complex and challenging world of selling real estate with confidence and ease. Don has worked on projects for numerous organizations and has a particular passion for real estate investing, SEO and football. Don's writing has been featured in Thrive Global, Activerain, Realtor.com, Today.com and Doffitt.com.

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