There are no fees and no waiting around when selling a home to cash for house investors. Can you really put more cash in your pocket, or are you leaving more cash on the table?
The whole ‘time is money concept can come into play, and that’s just the beginning. There are quite a few important reasons why homeowners are contacting investors to sell properties quickly for cash.
These companies made up of investors advertise that they make fair cash offers. What’s fair? If provided with an offer that is thousands of dollars lower than what you wanted when selling your home, would that be fair?
At first glance, you might not think that to be the case. Yet you need to take into consideration the rest of the story.
Let’s say that you list your home for sale with an agent. When all is said and done, that agent is going to take a commission. Take that right off the top.
Realize as well that hardly anyone gets what they ask for when selling a home. There are negotiations, and homes typically sell for thousands less than their asking prices. Take that off the top, too.
Now consider what you might
spend for curb appeal.
Then factor into the equation the chance that there might be repairs to address once an inspection is completed.
If that were all, it would still be enough to make many homeowners contact cash for house investors. Is it enough for you yet?
Next, you have to consider the time it takes for you to sell your home. Let’s say that the property sits there for three months. Are you going to make mortgage payments in the meantime?
Yes, mortgage interest is tax-deductible, and the principal paid means more cash in your pocket when you sell. Yet making double mortgage payments isn’t any fun. Even if you’re paying rent in the meantime, that’s not necessarily the ideal scenario.
In fact, some consumers end up renting only because they are waiting for their homes to sell. That is money that could be put towards another property.
All things considered, the best decision to make is the one that makes you feel the most comfortable across the board. You want to be happy with the way you handle the sale of your home, and you want to make a financially sound decision.
All of those deciding factors mentioned seem to point towards cash for house investors being the solution. That’s not necessarily the case, however, and you need to make the right decision for yourself. The case has been made for sure, but each situation is different.
Some homeowners are facing foreclosure and need to get out from under their mortgages. Some homeowners are moving long-distance and would prefer a quick and painless transition.
Selling a home isn’t always easy, but it’s difficult to argue with the fact that we buy houses investors are the easy button. These investors are quick to make a cash offer, and they require nothing from you in return.
These companies simply want to offer you money for your home, and quickly. Whether the offer is reasonable or not is a different story. Yet making that decision has likely been put in a whole new light for you now.
All of those cost factors mentioned earlier have to be taken into consideration, as well as the simple fact that time is money in this case. Houses are also appreciating assets, but that real estate discussion is for another place and another time.