Wichita Real Estate Blog

Is a Cash Home Sale Cheaper?

What many people don’t know is there are actually several options for how to sell your home. A cash sale is an option that not many consider, but it can benefit you in many ways including saving you money. When selling your home, you don’t want to have to sink a bunch of money into the sale. A cash home sale is a much cheaper option. 

No Renovations 

The biggest reason cash sales are cheaper is because most cash buyers actually want to buy homes as is. Many buyers are either house flippers or professional home buying companies and they are looking to buy a property in its current condition, renovate the home themselves, and then sell it for a profit. Because of this, you can sell your home without having to do renovations or updates. Anyone who has updated their home knows it’s very expensive. It takes a lot of money to do even minor renovations and projects almost always go over budget. Instead of spending a lot of money to raise the value of your home, you can easily sell it in a cash sale. This can save you a significant amount of money. 

No Realtor Commissions 

Another big expense that comes from a traditional sale is paying the commission of the real estate agent. In many cases, the seller will often pay the commission for both the buyer’s and the seller’s real estate agent. In a cash sale, this commission doesn’t even come into the equation. Cash home sales are typically done without the help of a realtor. You and the buyer will get in contact and negotiate everything yourselves. If you choose to go with a professional home buying company, you can easily contact them online to begin negotiating the sale of your home. Working without a realtor will make your sale much cheaper and it can also make it easier to move through the process. 

Lower Closing Costs 

A cash home sale is very different from a traditional home sale and this means there are different requirements that are met. For example, in a traditional sale, the seller is typically required to have a home inspected or appraised, but cash sales do not require this. The seller then covers the expense for this in their closing costs. Closing costs will also include many other fees related to the sale. In a cash sale, you are only responsible for some fees and taxes rather than the large amount you would pay in a traditional sale. 

When you sell your home, you don’t want to have to spend a lot of money. The best way to cheaply sell your home is to consider a cash sale. There are many cash buyers out there that you can get in contact with. 

Are you selling your home? Click here to find a cash buyer!

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