Thinking of selling to a cash buyer? Here’s why it may make sense.

For many home sellers, selling a home means understanding the different options available. Whether it’s knowing the cost of staging and repairs, seeking out a real estate agent (or electing to go without one), or determining a timeline that fits their needs—the ultimate goal is determining which sales process can serve them best. Thankfully, accepting a cash offer on a house is becoming more and more commonplace, while offering a number of advantages.

What is a cash offer and how does it differ from the usual home sale?

Simply put, cash offers are sales where you (the seller) are offered the cost of the house without the intervention of a mortgage or a loan. This is because a buyer has sufficient funds to purchase your home outright, without the lengthy (and often costly) process of a traditional home sale.

While the circumstances behind home sales are often unique, there are a number of scenarios where cash-only deals make the most sense:

• Life changes necessitate moving on a tight timeframe. Maybe you just landed a job in a different area, or you’re looking to downsize or move due to personal reasons. A cash sale offers the flexibility to sell your home in a matter of weeks.
• Home maintenance is burning a hole in your pocket. Owning a home goes hand-in-hand with the need to maintain it well. For a number of home sellers, selling their home is a better option than continuing to struggle with mounting maintenance and repair costs.
• Your home risks foreclosure. If you’re unable to make payments on your home, you are not only dealing with stress on the personal front, but on the financial end as well. Opting for a cash sale offers you breathing room and an opportunity to recoup and move on.

So what are the benefits? Ease, flexibility, and a timeline that works for you.

1. Sell and close—FAST. According to data from Realtor.com, the average home can sit on the market an average of 4 weeks. Selling as-is is ideal for sellers that are looking to sell and close on their home very quickly, affording them the opportunity to choose a closing date that fits them best.
2. Traditional sales can cause delays. Given the need for mortgage or loan approvals, there is always a chance that buyers will be unable to close on the property, resulting in the sale process to either be delayed or abandoned altogether. Opting for a cash offer means that you, as the seller, get money in your pocket the sooner, the better.
3. Do away with the stress. Pre-sale repairs, home appraisals and showings can rack up the cost of time, energy and resources. For sellers that want to save on all of these, a cash offer takes the pressure off staging, open houses, and coordinating with realtors.

We’re in the business of professional homebuying.

At Imagine Homes, we understand what we’re looking at, what inspections we need, and what renovations cost. We’re well-financed, and we take pride in our ability to offer fair market rates to sellers who are looking for a process that is low-stress and convenient.

Interested in selling your home? Let’s talk.

Everyone at Imagine Homes Management answers to the same calling: excellence. We love investing in neighborhoods and we are out to raise the bar in the real estate universe. Talk to our team—we’d love to know how we can help.

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