You’re stuck. You have a house but really need to liquidate.
You could list the home and hope you find a buyer. The best-case scenario is you close within a few months. However, it could take longer.
The other option is to sell your house for cash to Kansas City home buyers. This option is faster and has fewer hassles.
Would you like to know the benefits of accepting a cash offer on a house? Continue reading to learn the top six benefits of selling for cash in Kansas City.
1. You Won’t Need Inspections
Traditional homebuyers purchase homes to live in. These individuals perform their due diligence to ensure they choose great homes. One step they take is getting home inspections.
A typical buyer will begin with a standard home inspection. This assessment gives an overall condition of the home and its parts. But most buyers don’t stop there.
They also get appraisals, surveys, roofing inspections, and other inspections. They spend time and money learning as much as possible about a home before signing the closing documents.
These steps take time and cause risks. Fortunately, you can skip all these steps by accepting a cash offer.
A cash home buyer may look at the home and analyze it. They might do this themselves or hire someone to do it. But they won’t get all kinds of property inspections.
Instead, they accept the risk that comes with a home. In fact, many cash buyers plan on updating the homes they buy. Therefore, they are okay with a home having issues that require repairs.
2. You Won’t Spend Money
Selling your home to a traditional buyer costs money. The buyer might ask you to pay for multiple things, each coming out of your pocket.
First, they’ll request title insurance to avoid future title issues. A cash buyer will not ask you to purchase title insurance.
A traditional buyer will also likely ask you to pay for home repairs. They might want you to update the bathroom or replace the roof. They can ask you to do one thing or many.
Cash buyers do not ask you to invest money into the home. The sale is as-is, which means you won’t spend money on it. There are no closing costs.
Many homeowners turn to cash sales for this purpose. They don’t want to dump money into their homes. They just want to sell them and earn a profit quickly.
3. You Won’t Pay a Commission
Closing costs can be hefty for a home sale. You can see some of them listed above, but the commission is another costly one.
Real estate agents assist homeowners with their home sales. However, they charge a fee for the service, and the home seller pays it.
On average, a homeowner pays 5% to 6% for this fee. The fee for a $200,000 house is between $10,000 to $12,000.
Would it greatly reduce your profit if you had to pay this fee? The answer is yes.
Again, there is good news. Cash home buyers do not require commissions. You keep the entire profit. The only thing you pay out of your pocket is the balance you owe your mortgage lender.
There are truly no other fees or costs for you as the home seller.
4. There Are No Risks
Many homeowners need to recognize the potential risks of selling a home through a realtor. The person buying the house has many ways to opt out of the deal, even after signing a purchase offer.
For example, the buyer could back out after finding issues through the home inspection. They could also back out if the home appraisal is lower than expected.
These risks can lead to losing the home sale. If this happens, you start over. The result is that it takes longer to sell the house and get your cash.
Imagine if you were facing foreclosure and needed to sell your home fast to avoid it. If you had a buyer, you’d think you were set. However, the deal is lost if the buyer backs out.
There are no risks with a cash sale. If the buyer makes an offer and you accept, the deal is as good as done.
5. It’s Faster
As you can imagine, cash sales offer a quick home-selling process. This is why cash sales are one of the best ways to sell quickly.
Cash sales do not require waiting to find a buyer. Instead, you call a cash buyer to initiate the sale.
Cash sales do not require waiting for inspectors to complete their assessments. The cash buyer does these or skips them entirely.
Cash sales do not require waiting for title work. The buyer skips this step. In fact, there is much less paperwork with a cash sale because there are fewer steps.
Through a cash home sale, you could potentially close the deal in just a matter of weeks.
6. It’s Stress-Free
Finally, cash home sales are stress-free. There are no risks when selling to a cash buyer. You won’t rely on inspectors to verify your home’s condition.
Traditional home sales can be stressful. They take time and come with ups and downs. There are demands and timelines.
Cash sales offer a way to avoid all the stressful parts of a home sale. When you combine all these benefits, you’ll see why many people turn to cash buyers when they’re ready to sell.
Learn More About the Benefits of Selling to Kansas City Home Buyers
These are some of the top benefits of selling your home for cash to Kansas City home buyers, but there are others. You can turn to this method if you need a fast way to sell a property. You can also use this method for a stress-free sale.
We Buy Cash Houses KC specializes in home purchases in Kansas City. We pay cash for all types of homes and will make you a cash offer if you request one.
We have an excellent reputation and make the home-selling process a breeze. Reach out today to find out how much your home is worth.