Have you come across advertisements that say, “We buy houses in Southern California” and wondered if you should sell your California house for cash? Are you torn between spending money on fixing your home to list it with a realtor and selling it as-is to a cash buyer?
It’s a hard decision, especially when considering several factors like the time, sale costs, preparation, and more. What works for one seller may not be the best choice for another. This guide compares the differences between a traditional house sale and selling a house as-is for cash. You can weigh the pros and cons and make an informed decision based on your situation.
1. The Goal of a Real Estate Agent Versus the Goal of a Cash Buyer
Realtors list your home on real estate websites hoping to sell it for the maximum price. The realtor takes a cut of the sale price, usually around 5% to 6%.
A cash home buyer looks to purchase a house in any condition, and they fix it up and resale it on the market for a profit. Their goal is to complete the sale as quickly as possible. If you’re looking to sell a house fast in Southern California, choosing a cash sale is the better choice because it helps you close the deal quickly. Usually, you can sell it within a few weeks.
2. Time Taken for the Sale
In a traditional sale, you have to repair, renovate, and upgrade your home before you can list it on the market. Then, you have to host open houses and showings and wait for the right buyer. Finally, you have to wait till the buyer’s mortgage comes through. The entire process can take a few months or even a year.
With a cash sale, you can receive an offer within a few hours of home inspection and close the deal within as little as ten days. This process is a massive advantage if you’re looking to sell a house fast.
3. Cost of Selling
Selling a house the traditional way is expensive. You have to pay for the repairs, improvements, upgrades, realtor fees, closing costs, insurance, utilities, and other charges. Plus, you have to spend a significant sum on marketing your property, from getting professional real estate photos to staging and hosting open houses.
You don’t have to pay a dime out of pocket with a cash sale. Cash home buyers in Southern California handle all the costs of selling a property.
4. Flexibility and Convenience
When you sell a house the traditional way, you invite strangers inside your home to inspect it. Showings can be a huge pain, especially when you have a family and a full-time job. Also, there’s the added security risk of letting strangers inside during open houses.
With a cash sale, you don’t have to host any showings. The cash buyer does a brief inspection of your house at a time that works for you and comes up with a quick cash offer. You can close the sale as quickly or as slowly as you want.
Sell Without Any Hassles in Southern California
If you’re looking to sell your California house quickly, the best choice is to choose cash home buyers. The best part is that you have no obligation to accept the offer. Request an offer, and if you’re not interested, you can list your house. However, if the offer is competitive, complete the sale quickly without any hassles and get paid in cash!