When you’re preparing to sell your home, it’s always a good idea to have a good understanding of what your options are. Looking closely at them enables you to make the best decision for you. One of the things you should consider is the fact that selling your house to a cash buyer could end up saving you money in the long run. But how does that happen?
No Closing Fees
Closing fees are generally paid by both the buyer and the seller of the house. They cover processing fees assessed by the lender and taxes. As the seller, you would normally expect to pay anywhere from 2-4% of the sale price of your house in closing fees. That’s thousands of dollars that get chopped off the amount you’re able to pocket. Of course, when you sell your house for cash to Sierra Housing Solutions, you don’t have to worry about any closing fees. We cover all of those for you.
Agents who help buyers and sellers have to get paid somehow. That’s usually done by the seller. It’s sometimes lumped into the closing fees. The commission for both the buyer’s agent and the seller’s agent is often around 6% of the sale price of the house. That’s another few thousand dollars that you aren’t typically able to keep. That said, selling your house for cash to Sierra Housing Solutions doesn’t involve any agents, which means that there aren’t any commissions to pay. You can keep that 6% for yourself.
No Need to Pay for Costly Repairs
One of the funny things about selling a home is that many homeowners start eating into their profits long before the deal is done. This is because many will spend thousands, if not tens of thousands on costly repairs and renovations. Sure, you may be able to recoup the cost, but your net gain will still be less by the end of it. By comparison, it’s entirely unnecessary to have repairs done before selling your house when you sell it to Sierra Housing Solutions. You should expect to be extended a fair offer given the condition of the house and its value, but you won’t be out thousands and thousands of dollars just because of repairs.
It is possible to come out on top when you sell your house to a cash buyer as it comes to what you’re able to pocket at the end of the day. Sure, you may end up with a lower offer when selling for cash than you might if you were able to successfully sell your house on the market. Still, between not having to pay closing fees, commissions, or for costly repairs, it’s definitely possible for you to still end up better off in the long run by selling your house to a cash buyer.
Do you have other questions about selling your house for cash? Sierra Housing Solutions has answers. Click here to see our answers to the questions we are commonly asked.