Why Should You Consider Selling Your Home For Cash In Seattle, WA
by Abdul Aziz Mondal Real Estate 22 July 2023
Many companies that buy homes for cash may seem too good to be true, and of course, you’ll want to verify before proceeding with a given company. However, many of these companies have a good track record: their main business model is to buy homes quickly and painlessly, add to their value by doing repairs and renovations as needed, and then sell them again or turn them into rental properties, generating a return. While you can do some of the work yourself and list with a real estate agent, there are a few circumstances when the we-buy-homes-for-cash companies in places like Seattle, WA can be the right path forward for you and your family.
Many homes that are technically move-in ready still could use a few touch-ups: from decluttering and getting them looking shiny and nice for showings, to cosmetic repairs like painting that tend to boost final sale price, there’s a lot of work that goes into really getting a home ready for sale. This rings even more true for those who know their home really isn’t up to code, has old or malfunctioning systems like the HVAC systems, or has other needed repairs to be appealing to homebuyers.
When a we-buy-homes-for-cash company chooses to purchase your home, they typically price the house as-is, recognizing that they’ll have to do any repairs and staging themselves. For those who don’t like DIY repairs and don’t want the costs of having someone else to handle them, selling as-is can be a great reason to go with a buy-for-cash offer.
Sometimes the sell-your-house-as-is argument isn’t the issue, but rather you need to get cash-in-hand for your house quickly and you don’t have a lot of spare time to handle the back-and-forth of the offer and closing process. Buy-for-cash companies tend to make the process quick and don’t need to get approved for a mortgage in order to buy your house, so closing is often smooth and painless. If you want to be out of your home quickly and use that money for a new home or a different purchase, selling for cash is one of the faster ways to liquidate that asset.
Your Finances Allow For A Lower-Than-Market Sale Price
The most important advantage of going with the traditional real estate agent process is the potential to get the strongest offer the market will allow – buy-for-cash companies will give you a competitive price but it will almost never be as much as you could have gotten through an agent, even after you adjust for commission costs. So when you know that the home could go for more through a traditional sale, you want to know just how much those extra few thousand dollars would help your personal finances. If you are on solid footing even with a lower price, this option can give you the cash you need to move on from the home, all while experiencing the advantages of quick timelines and making no home improvements before selling.