If you’re considering selling your Birmingham home, there are lots of things to think through. For example, will you list with an agent, which agent should you hire, what repairs do you need to make, and are there upgrades that you should complete?
Selling your home can be a complicated process, and there are lots of decisions to be made. One of the first things to consider is whether you want to do a traditional sale or work directly with a cash buyer.
The process looks very different if you work with a cash buyer, and there are some distinct advantages that homeowners should evaluate. Here are a few to keep in mind as you consider whether to list your home with an agent or sell directly to a cash buyer.
No Commissions or Fees
When you work with a real estate agent, you’ll have to pay a commission, which is usually 6% of the closing price. In addition, sellers usually pay a portion of closing fees and expenses. All of these expenses can add and up significantly reduce the portion of the closing price that sellers receive.
In contrast, when you work with a cash buyer you can avoid all of those expenses. Not only does this make the closing process less complicated but it also means that sellers get all proceeds that don’t go to paying off their mortgage.
Avoid Repairs and Improvements
Preparing a home for the market is often a long and complicated process. Sellers are tasked with making repairs – big and small – before putting their home on the market. In addition, real estate agents will usually give sellers a list of improvements and upgrades that should be made before listing.
In many cases, this work is necessary in order to ensure that a home sells quickly and doesn’t sit on the market for a long time.
While they’re often necessary, completing these repairs and upgrades takes time, money, and effort. Many sellers want or need an alternative to doing this work. For those sellers, working with a cash buyer is a great alternative.
Most cash buyers purchase properties as-is. This means that they’re willing to purchase properties regardless of the condition. Working with this type of buyer can be a great way to avoid the work, time and expense that goes into getting a house ready for the market.
Faster Close and Less Risk of the Deal Falling Through
Cash buyers can close quickly. In many cases, they can close in less than two weeks. A traditional sale usually takes around 30 days from when the contract is entered into until the deal closes. During that time frame, sellers have to deal with the inspection and repair requests. In addition, they risk holdups due to issues with the buyer’s financing.
A cash sale skips all of those steps. It makes the process faster and drastically reduces the risk of the deal not going through.
Less Work for Sellers
Selling to a cash buyer makes every step of the process easier on the seller from beginning to end. Not only do homeowners not have to worry about repairs and upgrades, but they also don’t have to put in all of the other work that goes with selling a home.
Cleaning, decluttering, and staging a home can be time consuming and stressful. Plus, when your home is on the market you have to keep it in great condition, ready for showings on short-notice.
This can be particularly challenging for sellers with children or pets or for those sellers that need to get their home sold quickly. If the process involved in a traditional sale doesn’t sound like a good fit for your family or circumstances, a cash buyer can be a great alternative.
Cash Buyers in Birmingham
If you’re interested in selling your Birmingham home for cash, contact Home Buyers Birmingham. We buy houses as-is for cash, and we buy homes in any condition. This means you don’t need to worry about making any repairs, doing any upgrades, or putting in any work to get your home ready for the market.
In addition, we close fast. We give sellers a cash offer within 24 hours of seeing their home. There is no obligation for sellers to accept our offer, but if they do, they can pick the closing date. We can close within 7 days or at a later date of the seller’s choice.
When you work with us, you don’t have to pay any commission, fees, or expenses. We’re not real estate agents, so there’s no commission. And, we pay all closing fees and costs.
Contact Home Buyers Birmingham
Contact Home Buyers Birmingham at (205)687-0604 to learn more about working with a cash buyer. We buy houses throughout the Birmingham area, regardless of the condition. Contact us to get started and to get your cash offer.