When you decide to put your property up for sale and find a buyer, there are quite a few ways to sell your house that you can turn to in Rosemount MN. Each sale option has its own pros and cons that may or may not make it ideal for your particular situation. As such, your very first task on the path to selling your house will naturally be to choose a home sale option that works best under your specific circumstances.
When comparing sale options, here are the key differences between all the major sale methods that you should first consider:
- Time (how long will it take before you are able to close on a deal?)
- Hurdles (what kinds of obstacles will you need to overcome during the sale process?)
- Guarantee (how certain is the sale method to produce a sufficient result for you by the end of the process?).
Different answers to these questions will lead you to a different optimal sale option.
Today, however, we will focus on the cash offer for your house method, and how it may prove to be a better solution for your particular situation. Cash offers have a large number of positives (particular if you need to sell your house fast in Rosemount). So without further ado, here are 5 reasons you should consider selling your house to a cash home buyer in Rosemount MN.
For more information on how to find a good cash home buyer in your area to sell to, read this blog that unpacks who can buy your house for cash in the Minneapolis area.
Top Reasons You Should Consider Cash Offers For Your House in Rosemount MN.
Read on to discover the top reasons why you should opt for a cash offer when selling your house in Rosemount MN.
Reason 1: Cash Buyers have Greater Security
Having certainty of the offer you have accepted is a major reason you should consider a cash offer for your house in Rosemount. Because it’s cash, you can forget the weeks- or even months- of worry you might have faced with a more traditional house sale option. Another plus is that you won’t have to worry about appraising for the loan to value ratio (LTV). ( The loan to value ratio is what lenders use to determine the amount they’ll loan on any given property)
However, before you accept just any Cash Buyers offer, be aware that a valid cash buyer should be able to provide evidence of their ability to fulfil their offer e.g a prior home purchase records or testimonials.
Reason 2: Cash Buyers Accept Houses in “As-Is” Condition
Cash deals, most especially with a direct buyer, usually involve purchasing the property “as-is”. This means that cash buyers will be able to buy your house in the condition that it’s in right now. No Cleaning! No Updates! No Repairs!
While it’s possible that you may receive a little less for your home, if your house isn’t brand new, avoiding the costs and headaches of renovations, updates and repairs could actually result in you receiving more overall for your house sale than you would have with a real estate agent in Rosemount. In addition to their expensive fees, real estate agents often require home repairs and inspections, which could lead to even more repairs. All of these costs are sure to slowly eat away at your final net sale value.
Reasons 3: Cash Buyers Avoid Middle Men such as Real Estate Agents
While it’s never a bad time to seek advice from professionals on your endeavours, when undertaking such large financial transactions, there are standards you must meet as the homeowner in your contract with an agent. These standards are usually expensive and time-consuming. They include repairs to your home, updates after expensive inspections, staging your home for open houses, hiring a professional photographer for advertisement purposes… the list is endless.
In addition, among these standards are the nightmare and, more often than not, the ill-timed intrusions that are: showings. These are just a few of the hoops that must be jumped through, along with tons of paperwork, when you list with an agent. Finally, among the possible troubles that are intrinsic to listing a home with a real estate agent, is the fact that despite all your efforts to complete the deal, the buyer could still be denied financing.
You should carefully consider the benefits of accepting a cash offer for your house in Rosemount and avoiding all of these frustrations.
Reasons 4: Unlike Agents, Cash Offers have no Expenses
Your finances are a very important reason why you should consider a cash offer. This is especially true if the last thing you want to do is pour even more money into your house. Traditionally, listing your home with a real estate agent means paying for a laundry list of expenses that will be required to update and improve the interior. Not only this, but you’ll also have to be concerned with curb appeal. All these updates and repairs will be essential, in order to pass inspections.
Alongside the added costs that agents bring, you will also have to agree to their ridiculously high sales commissions. If you can’t stay in the home, not only will you bear the costs of maintaining the home while it’s listed, you will also have the additional expenses of living in a second residence.
Reason 5: Cash Offers Can Provide you with a Quick Sale
Time can be a motivating factor. Speed is yet another reason you should consider a cash offer for your house in Rosemount. If you have come to the decision to sell ( whether you need to move due to a sudden life change, relocation due to employment or are simply ready to move up or down in living space), Cash offers generally close very quickly. They offer the advantage of circumventing the unknown waiting period you will experience with traditional listings. When listing your home on the real estate market, after a waiting period of an unknown length ( typically 3-6 months), you’ll be faced with the added stress and tensions involved in the back and forth ( offers and counter-offers) before you’ll finally receive a closed deal for your house. However, even the “closed deal” may not be certain.
If you are ready to save time, avoid repairs, skip the cleaning, forget about showings and paying high commissions + fees, FastPath Home Buyers is here to help. These are just a few of the reasons you should consider accepting a cash offer for your house in Rosemount from FastPath Home Buyers.
Here at FastPath Home Buyers, we buy properties in Rosemount. When you work with us, you get an all Cash Sale. You also get to sell your house in any condition (No Repairs! No Cleaning!). Finally, you get a buyer you can be certain of, and a defined closing date (which can be in as little as 7 days). So call us at (612) 351-2384, or fill out the short form below to receive an all-cash offer today!
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