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Is Selling Your Home for Cash Worth It?

A cash for houses poster.

You know that selling your home for cash is quick and easy, but you might be concerned whether it’s worth it. A good way to answer the question is to compare how a cash sale compares to the traditional way of selling a house. You might find out you’ll come out ahead with a cash sale.

Saves You Time

If time is a priority, you can’t beat a cash sale. In almost every case, you can receive an offer within 24 hours and close on the transaction within a week or so. If you need to sell your house quickly, or you need the cash in a hurry, a cash sale is the way to go.

Compare that to the traditional process of home sales. It can take several days before your house is listed, and several weeks can pass before you receive an offer. The typical closing is put off 30 days or more.

You Don’t Make Repairs

With a cash sale, you don’t make any repairs, ever. The cash buyer will purchase your home in its present condition; you don’t even have to clean it up. This saves you time, physical labor, and potentially, thousands of dollars.

In a traditional sale, you have to fix up your house and declutter it before you list it. If a home inspection reveals a problem, you will either have to pay to fix it or lower your selling price. There are no home inspections in a cash sale.

You Don’t Pay Commission

Unlike a traditional sale, there are no sales agents involved when selling your home for cash. Cash buyers don’t charge commission because they don’t have to. You sell directly to the buyer with no one else expecting payment.

As a result, the amount of money you are offered for your home will be the amount you receive with nothing deducted at closing. Cash buyers usually pick up any closing costs, also.

Adding it all up, selling your house the traditional way can be expensive and time consuming. And time can cost you money, if you must continue to pay bills while waiting for the house to sell. Learn the process, do the math, and consider if a cash sale is worth it for you.

If you’re considering selling your home for cash in Tulsa or Oklahoma City, learn how the process can work for you.

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