Selling Your Home For a Cash Offer Vs. Selling Your Home With a Listing Agent
Are you thinking about selling your home with a listing agent? You might want to consider selling your house for a cash offer instead. Companies like Houston Capital Home Buyers have several different alternatives in comparison to listing agents. No matter which avenue you choose, you are likely to sell your home fast. By the way, cash offers are growing. In March 2021, 23% of homes were sold via cash offers, according to the National Association of Realtors.
Why Do Cash Offers Appeal To Homeowners?
Cash offers appeal to homeowners for a wide variety of different reasons. Cash offers often move more quickly than traditional routes like listing your home with a broker or agent. With a cash offer, the buyer has the money. Data suggests from the National Association of Realtors that selling your home for cash is a much quicker way of offloading your home. As of April 2021, only 5% of contracts for cash home offers were terminated, meaning the deal didn’t go through. On the other hand, delays on selling your home with a listing agent are much more common. In April of 2021, listings with realtors reported a delay in closing that impacted 22% of transactions. The bottom line is that with a cash home offer, getting your home off your plate fast and getting paid is nearly a sure thing.
Closing the deal on a cash home offer is much quicker. Companies like Houston Capital Home Buyers can get you a quote within 24 hours and sell your home in as fast as 7 days. Nationally, a cash deal takes about two weeks to close. Even with the sizzling hot real estate market, a mortgage underwriting process for the buyers takes about 45 to 60 days in some situations if you’re selling through a listing agent.
Selling a home for a cash offer involves a simpler closing process with fewer contingencies. If you sell your home through a company like Houston Capital Home Buyers, you don’t have to worry about an appraisal, home inspection, or other contingencies. Selling your home with Houston Capital Home Buyers also ensures that the paperwork, legal ramifications, and other logistics are not your worry or responsibility when selling your home.
Drawbacks Of Working With a Realtor
There are drawbacks to working with a realtor in some situations. For example, the length of time to close the home can depend upon the market and the potential pool of buyers. Listing agents also take a hefty cut of the actual sale amount of the home, in some situations, as much as 6%. Realtors also may not be able to help as much with homes intended for flippers or homes that need major capital improvements.